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Determine the amount college must obtain from other sources

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Problem (a.) Collings College has annual fixed operating costs of $12,000,000 and variable operating costs of $1,000 per student. Tuition is $8,000 per student for the coming academic year, with a projected enrollment of 1,500 students. Expected revenues from endowments and federal and state grants total $200,000. Determine the amount the college must obtain from other sources.

Reference no: EM132992317

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