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it has six  students. Only three students sign  up for the class. The VP states the professor  can run the class at half p

it has six  students. Only three students sign  up for the class. The VP states the professor  can run the class at half p

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The University has a graduate school of business. The Vice-President  of Finance  of the University  says he will not allow  a class to run unless it has six  students. Only three students sign  up for the class. The VP states the professor  can run the class at half pay. The  school is not near  its capacity. Evaluate this using the principles of management and cost accounting.

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