Scenario Much like the decision to start a business, the decision to attend college is fraught with risk; however, the risk of entering the job market with only a high school diploma is just as great. As the U.S. transformed from a manufacturing-based economy to an economy based on knowledge, high school graduates are often unable to obtain the number of high-paying jobs that were once available. College graduates earn more-some suggest as a much as 60% more over a lifetime than those without a college degree, and have a lower divorce rate, lower blood pressure and stress levels, and higher rates of job stability and satisfaction. However, a college education may not be the right choice for some. There may be a glut of college-educated workers in our workforce, and many careers, including those in cosmetology, do not require a college degree. The U.S. Department of Labor projects jobs for hairdressers, hairstylists, cosmetologists, and skin care specialists to grow 9-17% through the year 2014. In 1970, fewer than 1% of taxi drivers and 2% of firefighters had college degrees, but today more than 15% of workers in both jobs do. As the costs of a college education skyrockets, student loan debt closely follows. Since 2003, the student loan debt held by Americans has quadrupled, growing from $241 billion to $1.03 trillion, rising 14% per year. The decision to attend college is risky. It might pay off handsomely, or it could sink a student's future. The U.S. Department of Labor projects jobs for hairdressers, hairstylists, cosmetologists, and skin care specialists to grow 9-17% through the year 2014. O True O False
Scenario Much like the decision to start a business, the decision to attend college is fraught with risk; however, the risk of entering the job market with only a high school diploma is just as great. As the U.S. transformed from a manufacturing-based economy to an economy based on knowledge, high school graduates are often unable to obtain the number of high-paying jobs that were once available. College graduates earn more-some suggest as a much as 60% more over a lifetime than those without a college degree, and have a lower divorce rate, lower blood pressure and stress levels, and higher rates of job stability and satisfaction. However, a college education may not be the right choice for some. There may be a glut of college-educated workers in our workforce, and many careers, including those in cosmetology, do not require a college degree. The U.S. Department of Labor projects jobs for hairdressers, hairstylists, cosmetologists, and skin care specialists to grow 9-17% through the year 2014. In 1970, fewer than 1% of taxi drivers and 2% of firefighters had college degrees, but today more than 15% of workers in both jobs do. As the costs of a college education skyrockets, student loan debt closely follows. Since 2003, the student loan debt held by Americans has quadrupled, growing from $241 billion to $1.03 trillion, rising 14% per year. The decision to attend college is risky. It might pay off handsomely, or it could sink a student's future. The U.S. Department of Labor projects jobs for hairdressers, hairstylists, cosmetologists, and skin care specialists to grow 9-17% through the year 2014. O True O False
Chapter10: The Basics Of Capital Budgeting: Evaluating Cash Flows
Section: Chapter Questions
Problem 1fM
Related questions
Concept explainers
Cost of Debt, Cost of Preferred Stock
This article deals with the estimation of the value of capital and its components. we'll find out how to estimate the value of debt, the value of preferred shares , and therefore the cost of common shares . we will also determine the way to compute the load of every cost of the capital component then they're going to estimate the general cost of capital. The cost of capital refers to the return rate that an organization gives to its investors. If an organization doesn’t provide enough return, economic process will decrease the costs of their stock and bonds to revive the balance. A firm’s long-run and short-run financial decisions are linked to every other by the assistance of the firm’s cost of capital.
Cost of Common Stock
Common stock is a type of security/instrument issued to Equity shareholders of the Company. These are commonly known as equity shares in India. It is also called ‘Common equity
Question
Transcribed Image Text:Scenario
Much like the decision to start a business, the decision to attend college is fraught with risk; however, the risk of entering the job market with only a
high school diploma is just as great. As the U.S. transformed from a manufacturing-based economy to an economy based on knowledge, high
school graduates are often unable to obtain the number of high-paying jobs that were once available. College graduates earn more some
suggest as a much as 60% more over a lifetime than those without a college degree, and have a lower divorce rate, lower blood pressure and
stress levels, and higher rates of job stability and satisfaction.
However, a college education may not be the right choice for some. There may be a glut of college-educated workers in our workforce, and many
careers, including those in cosmetology, do not require a college degree. The U.S. Department of Labor projects jobs for hairdressers, hairstylists,
cosmetologists, and skin care specialists to grow 9-17% through the year 2014. In 1970, fewer than 1% of taxi drivers and 2% of firefighters had
college degrees, but today more than 15% of workers in both jobs do. As the costs of a college education skyrockets, student loan debt closely
follows. Since 2003, the student loan debt held by Americans has quadrupled, growing from $241 billion to $1.03 trillion, rising 14% per year.
The decision to attend college is risky. It might pay off handsomely, or it could sink a student's future.
CEIDO
In 1970, fewer than 1% of taxi drivers and 2% of firefighters had college degrees, but today more than 15% of workers in both jobs do.
O True
O False
Transcribed Image Text:Scenario
Much like the decision to start a business, the decision to attend college is fraught with risk; however, the risk of entering the job market with only a
high school diploma is just as great. As the U.S. transformed from a manufacturing-based economy to an economy based on knowledge, high
school graduates are often unable to obtain the number of high-paying jobs that were once available. College graduates earn more-some
suggest as a much as 60% more over a lifetime than those without a college degree, and have a lower divorce rate, lower blood pressure and
stress levels, and higher rates of job stability and satisfaction.
However, a college education may not be the right choice for some. There may be a glut of college-educated workers in our workforce, and many
careers, including those in cosmetology, do not require a college degree. The U.S. Department of Labor projects jobs for hairdressers, hairstylists,
cosmetologists, and skin care specialists to grow 9-17% through the year 2014. In 1970, fewer than 1% of taxi drivers and 2% of firefighters had
college degrees, but today more than 15% of workers in both jobs do. As the costs of a college education skyrockets, student loan debt closely
follows. Since 2003, the student loan debt held by Americans has quadrupled, growing from $241 billion to $1.03 trillion, rising 14% per year.
The decision to attend college is risky. It might pay off handsomely, or it could sink a student's future.
The U.S. Department of Labor projects jobs for hairdressers, hairstylists, cosmetologists, and skin care specialists to grow 9-17% through the year
2014.
O True
O False
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 4 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you