The superintendent of mt. rossmoor community college

Assignment Help Finance Basics

Reference no: EM13707648

The superintendent of Mt. Rossmoor Community College (MRCC). Mt. Rossmoor Community College is the fifth fastest growing community college in the nation. The college's student body has grown 24% in the past 5 years largely due to the recent housing boom. Due to budgetary cuts on the state level, state universities will increase the cost of tuition by 8% this year, on top of last year's increase of 14%. The result is that more students will be "priced out" of the state university system. Many of these same formerly state university students will attempt to satisfy general education requirements at local community colleges, including MRCC, thereby increasing demand for courses.

At the same time, however, MRCC's budget will drop 15% this year due to the state budget crisis. As superintendent, you face some tough choices. Should the college significantly increase fees per unit, or maintain current fee levels by drawing down on its budgetary reserve, knowing that next year will not get better? Should the college increase or reduce course offerings? Should the college pursue furloughs, layoffs, or "golden handshakes?" There is even the question of offering online courses and shuttering buildings on MRCC's main campus, so as to save on electricity and air conditioning.
In a white paper, please identify the policy problem, detail the policy options, identify stakeholders, and apply your own financial knowledge to make sound and ethical decisions in the public's interest.

Reference no: EM13707648

Questions Cloud

Find what is the volume of the steam produced : We are going to heat up some water. We start with 10 kg of ice at T = -20° C. What is the volume of the Steam produced

What was the work done : We have a diatomic ideal gas with a y of 5/2. It starts with an initial pressure of 1kPa, an initial temperature of 100 K, and an initial volume of 10 m3. What was the work done

Calculate the pressure exerted on the wall of the cylinder : A sealed cylindrical container of diameter 15.0 cm and height 52.5 cm contains nine (9) times Avogadro's number of an ideal gas at a temperature of 12.2 degrees Celsius. Calculate the pressure exerted on the wall of the cylinder

How much energy is stored in electric field between plates : A parallel plate capacitor is made of a pair of circular plates with diameter of 8 cm. how much energy is stored in the electric field between the plates

The superintendent of mt. rossmoor community college : The superintendent of Mt. Rossmoor Community College (MRCC). Mt. Rossmoor Community College is the fifth fastest growing community college in the nation. The college's student body has grown 24% in the past 5 years largely due to the recent hou..

Made an equal dollar investment in each stocks : From Yahoo!Finance obtain a report on any two companies. a. What are the betas listed for these companies? b. If you made an equal dollar investment in each stocks what would be the beta of your portfolio?

Policies have on the company''s cash conversion cycle : Whitson Co. is looking for ways to shorten its cash conversion cycle. It has annual sales of $36,500,000, or $100,000 a day on a 365 day basis. The firm's cost of goods sold is 75% of sales. On average, the company has $9,000,000 in inventory ..

What are the incremental cash flows associated : They will be kept for the next five years when they will be sold for $10,000. The new system will not affect Alliance's sales but will reduce Costs of Goods Sold by $1,000,000. However, Fixed Costs will rise by $50,000 per year if the monora..

The bottom of the word document : Please write a minimum of two paragraphs answering the above question in a word document. Please also give an example that supports your answer. If you use any outside resources please site at the bottom of the word document .

User Account

All Pages