ellevie college cost $7612.00 a year, the graduation rate is 25%, salary after attending is $42,400. Edmonds college cost $7,207.00 a year, the graduation rate is 27%, salary after attending is $34,300. What is the explanatory? What is the response

Principles of Accounting Volume 1
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ISBN:9781947172685
Author:OpenStax
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Chapter9: Accounting For Receivables
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Bellevie college cost $7612.00 a year, the graduation rate is 25%, salary after attending is $42,400. Edmonds college cost $7,207.00 a year, the graduation rate is 27%, salary after attending is $34,300. What is the explanatory? What is the response

Expert Solution
Step 1

Explanatory are statements or notes or calculations which simplify the understanding of complex situations.

Step 2

a)

Bellevie College:

The graduation rate is 25%. It means there is a 0.25 probability to get graduated i.e there is a 0.25 probability of earning $42,400.

There we calculate return %:

Return=$42,400×0.25 - $7,612$7612×100= $10,600-76127612×100=39.25%

 

 

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