In 2009, Internationale Outstanding University (IOU) had an enrollment of 27,431 undergraduates, each of whom paid $6,254 per year in tuition. In 2010, enrollment was 27,242 students, and tuition was raised 2.8%. In 2011, IOU received $186.8M in revenue from student tuition, and enrollment was 26,971 students. In 2012, it is estimated that tuition will be $7,050 and IOU needs to receive 4.7% more total revenue from tuition than in 2011. What is the revenue goal (in $M) for 2012? 0.0 $ Million
In 2009, Internationale Outstanding University (IOU) had an enrollment of 27,431 undergraduates, each of whom paid $6,254 per year in tuition. In 2010, enrollment was 27,242 students, and tuition was raised 2.8%. In 2011, IOU received $186.8M in revenue from student tuition, and enrollment was 26,971 students. In 2012, it is estimated that tuition will be $7,050 and IOU needs to receive 4.7% more total revenue from tuition than in 2011. What is the revenue goal (in $M) for 2012? 0.0 $ Million
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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![In 2009, Internationale Outstanding University (IOU) had an enrollment of 27,431 undergraduates,
each of whom paid $6,254 per year in tuition. In 2010, enrollment was 27,242 students, and tuition
was raised 2.8%. In 2011, IOU received $186.8M in revenue from student tuition, and enrollment was
26,971 students. In 2012, it is estimated that tuition will be $7,050 and IOU needs to receive 4.7%
more total revenue from tuition than in 2011.
10
A
Z
What is the revenue goal (in $M) for 2012?
PS1 1 2
2
W
S
X
H
0.0 $ Million
3 4 5
#
3
E
D
C
6
$
4
7 8
R
F
%
5
V
T
G
^
6
B
Y
SUBMIT ANSWER
&
7
H
U
N
8
J
1
EXIT
1
CALCULATED VARIABLES:
11g = 0.077 (7.7%)
11t = $6,926
10t = $6,429
growth=-189
M
ADMISSIONS
9
K
O
)
O
P
{
A](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F56cc9fcf-9784-4ba8-b407-b49a2f2b1c61%2Fbcb86148-b67d-45ca-8588-55ce71336e3d%2F0ggi0so_processed.jpeg&w=3840&q=75)
Transcribed Image Text:In 2009, Internationale Outstanding University (IOU) had an enrollment of 27,431 undergraduates,
each of whom paid $6,254 per year in tuition. In 2010, enrollment was 27,242 students, and tuition
was raised 2.8%. In 2011, IOU received $186.8M in revenue from student tuition, and enrollment was
26,971 students. In 2012, it is estimated that tuition will be $7,050 and IOU needs to receive 4.7%
more total revenue from tuition than in 2011.
10
A
Z
What is the revenue goal (in $M) for 2012?
PS1 1 2
2
W
S
X
H
0.0 $ Million
3 4 5
#
3
E
D
C
6
$
4
7 8
R
F
%
5
V
T
G
^
6
B
Y
SUBMIT ANSWER
&
7
H
U
N
8
J
1
EXIT
1
CALCULATED VARIABLES:
11g = 0.077 (7.7%)
11t = $6,926
10t = $6,429
growth=-189
M
ADMISSIONS
9
K
O
)
O
P
{
A
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