22 St. Josephs School has 1,200 students, each of whom currently pays $8,000 per year to attend....
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22 St. Joseph’s School has 1,200 students, each of whom currently pays $8,000 per year to attend. In addition to revenues from tuition, the school receives an appropriation from the church to sustain its activity.
The budget for the upcoming year is $15 million, and the church appropriation will be $4.8 million.
By how much will the school have to raise tuition per student to keep from having a shortfall in the upcoming year?
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Managerial Decision Modeling With Spreadsheets
ISBN: 9781292024196
3rd Edition
Authors: Barry Render
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