What is an escalation clause in a real estate contract.
Answers
An escalation clause in a real estate contract is an agreement that allows for an increase in the purchase price of the property based on a higher bid from another buyer. This clause is designed to help the buyer secure the property they want by providing a way to outbid other potential buyers.
The clause is triggered when the seller receives a higher offer from another buyer, and the escalation clause allows the buyer to automatically increase their offer to a set amount above the highest bid, up to a predetermined limit. For example, let's say the buyer makes an initial offer of $200,000 on a property with an escalation clause that increases their offer by $1,000 for each competing offer up to a limit of $220,000. If another buyer comes in with an offer of $205,000, the escalation clause will trigger and automatically increase the buyer's offer to $206,000. If another buyer comes in with an offer of $210,000, the buyer's offer will be increased to $211,000, and so on until the limit of $220,000 is reached.
An escalation clause can be a useful tool in competitive real estate markets where bidding wars are common. It can help the buyer secure the property they want without having to constantly make higher and higher offers. However, it's important for buyers to carefully consider the terms of the escalation clause and make sure they are comfortable with the potential increase in purchase price before including it in their offer.
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Related Questions
What can a firm do to increase productivity in the short run once its marginal product is zero?.
Answers
Decrease the quantity of the input can a firm do to increase productivity in the short run once its marginal product is zero.
What can a firm do to increase productivity in the short run?A company must use more of a variable input in the short term to increase production. In this time, three relationships are very important. (The discussion that follows will assume that the only variable input is labor.) The whole amount of output produced is known as the total product (TP or Q).
The marginal product is zero when the total product is at its highest level. True. Marginal product is positive but declining when total product is growing at a slower rate. The law of diminishing marginal returns results in an increased slope in the short-run marginal cost curve.
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Give me food, and I will live. Give me water, and I will die. What am I?
Answers
Answer:
a human
Explanation:
Answer:
Fire
Explanation:
Pour water on fire, it will die.
I’m not sure about the food part but:
When you give food/aka wood?? To fire, it will increase its flame even more.
Hope this helps
If you do not change your prices, how else might you convince customers to come to your station instead of the competition? (Provide at least 3 ideas).
Answers
Answer:
- Your product/service's special features.
- Show why your product/service has a better quality.
- If your product is similar to your competition, how your customer experience is superior.
Explanation:
personal finance question,, think its a or b??? i second guess myself alot lol
Answers
Answer: C
Explanation:
Answer:
It is either B or C. But, C is most reasonable.
In your job application, you must sound professional so they actually think about hiring you, or by sounding professional, it gives you a higher chance of getting the job.Why I think it's B is because it's quite helpful having a paper and online copy. But it's not essential. Having either or is enough.I hope this helped at all.
What are common characteristics of jobs in the Recreation, Amusements, and Attractions pathway? Check all that apply. part-time travel-related self-employed entry-level food service cleaning service
Answers
Answer part time,self employed,entry level
Explanation:
Within a career cluster, a career pathway is a smaller collection of occupations that employ similar abilities. There are various job paths in each career cluster.
The options, part-time, self-employed, entry-level is the common characteristics.
An example to describe characteristicsSteve works for a modest hotel chain as a generic maintenance worker. When a guest has a problem with their air conditioner or television, he is summoned. Steve works in the Recreation, Amusements, and Attractions route of the Hospitality and Tourism cluster.For more information about job characteristics, refer below
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a manager who possesses the skills to account for every task and resource in her department excels at which of the six management functions? planning quizlet
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A manager who possesses the skills to account for every task and resource in her department excels at the planning function of management.
Management refers to the process of coordinating and overseeing the activities and resources of an organization to achieve its goals effectively and efficiently. It involves planning, organizing, leading, and controlling various aspects of the organization, including people, finances, operations, and strategy. Managers are responsible for setting objectives, making decisions, allocating resources, motivating employees, and monitoring performance. Effective management ensures that the organization operates smoothly, adapts to changes, and maximizes its performance. It involves skills such as communication, problem-solving, decision-making, and leadership. Good management practices contribute to the success and sustainability of businesses across various industries.
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Which of the following statements are not true of satisfied customers?
A. Satisfied customers tend to stay loyal.
B. Customers will spend more money with a company for great customer service.
C. Satisfied customers do not share their experiences with other people.
D. All of the above
Answers
OPTION (C) Satisfied customers do not share their experiences with other people. When customers feel satisfied from the services or products from a particular company, they are tend to share their experience with their friends and families. So that they can too get benefitted from the same.
Who are Customers?In sales, commerce, and economics, a customer is the recipient of a good, service, product or an idea - obtained from a seller, vendor, or supplier via a financial transaction or exchange for money or some other valuable consideration.
What is meant by 'Services'?A service is any activity or benefit that one party can offer to another, which is essentially intangible and does not result in the ownership of anything. Its production may or may not be tied to a physical product.
What is a Company?A company, abbreviated as co., is a legal entity representing an association of people, whether legal, natural, or a mixture of both, with a specific task or objective. Company members share a common purpose and unite to achieve specific, declared goals.
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which of the following is the best definition of antagonism? competition for limited resources cooperation in utilization of resources production of products that interfere with the growth of others sharing the same environment without harming each other competition and production of products that interfere with growth
Answers
Option 2 is Correct. The best way to define antagonism is as the production of goods that hinder the development of others.
Parasitism is a sort of symbiosis in which one organism gains while the other suffers. Many pathogenic prokaryotes have a parasitic connection with humans because when they infiltrate the body, they produce toxins or infectious diseases that are harmful.
Microbes have developed a variety of competitive strategies in response to these circumstances, such as rapid growth to absorb resources, direct aggressiveness to remove or displace rivals, or different metabolisms that take advantage of and exploit the presence of competitors.
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Correct question:
which of the following is the best definition of antagonism?
1. competition for limited resources cooperation in utilization of resources.
2. production of products that interfere with the growth of others.
3. sharing the same environment without harming each other.
4. competition and production of products that interfere with growth.
Hawk Enterprises identified the following items on its January reconciliation that may require adjusting entries: A deposit of $1,190 was recorded in Hawk's accounting records, but not on the January 31 bank statement. A check for $3,371 was outstanding at January 31. Included with the bank statement was a check for $560 written by Eagle Corporation. The bank had, in error, deducted this check from Hawk's account. Bank service charges were $375. An NSF check written by one of Hawk's customers in the amount of $1,150 was returned by the bank with Hawk's bank statement. This customer was paying for merchandise originally purchased on account. Required: For each of these five items, prepare an adjusting entry for Hawk's journal, if any is required. If no entry is required, select "No entry required" and leave the amount boxes blank.
Answers
The NSF check returned by the bank indicates that the customer's payment of $1,150 was not honored.
1. Adjusting entry:
Debit: Accounts Receivable ($1,190)
Credit: Cash ($1,190)
The $1,190 deposit recorded in Hawk's accounting records but not on the bank statement needs to be adjusted by reducing the Accounts Receivable and increasing the Cash balance.
2. Adjusting entry:
Debit: Accounts Payable ($3,371)
Credit: Cash ($3,371)
The outstanding check of $3,371 at January 31 needs to be adjusted by reducing the Accounts Payable and decreasing the Cash balance.
3. Adjusting entry:
Debit: Cash ($560)
Credit: Accounts Payable ($560)
The bank's error in deducting the $560 check from Hawk's account needs to be adjusted by increasing the Cash balance and decreasing the Accounts Payable.
4. Adjusting entry:
Debit: Bank Service Charges ($375)
Credit: Cash ($375)
The bank service charges of $375 need to be adjusted by increasing the Bank Service Charges expense and decreasing the Cash balance.
5. Adjusting entry:
Debit: Accounts Receivable ($1,150)
Credit: Sales Revenue ($1,150)
The NSF check returned by the bank indicates that the customer's payment of $1,150 was not honored. To reflect the reversal of the sale, the Accounts Receivable should be reduced, and the Sales Revenue should be decreased.
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What rewards might be offered to employees for using sit-stand desks and treadmills to promote fitness in the workplace? how could you further motivate them to focus on these health and wellness initiatives?
Answers
Employees may receive a variety of rewards for using treadmills and sit-stand desks to promote exercise at the workplace.
Some rewards could include:
Monetary rewards: These could include cash bonuses or gift cards for employees who consistently use the sit-stand desks or treadmills.Time off: Employees who meet certain fitness goals could be given additional time off or flexible scheduling to allow them to prioritize their health and wellness.Health insurance discounts: Some employers may offer discounts on health insurance premiums or other perks for employees who participate in wellness programs.Recognition and appreciation: Recognizing and thanking employees for their efforts to improve their health and wellness can be a powerful motivator. This could include public recognition, certificates or awards, or other forms of appreciation.To further motivate employees to focus on these health and wellness initiatives, employers could consider offering ongoing support and resources to help employees stay motivated and on track. This could include providing access to fitness coaches or trainers, offering educational materials or resources about healthy living, or hosting wellness challenges or competitions.
Employers could also consider implementing social support systems, such as creating employee support groups or providing opportunities for employees to connect with others who are also working to improve their health and wellness.
This question related to the text "Companies Partner to Promote Active Work Cultures". The fragment reads as follows:
Medical research shows that sitting for extensive periods of time at work can be detrimental to employee well-being. Studies indicate that sedentary individuals can suffer higher rates of heart and cardiovascular issues, reduced decision-making efficiency, and higher incidences of diabetes and over 30 chronic ailments. Research also shows that exercise can only partially compensate for sitting too much throughout the day. Consequently, there is a growing need to address this chronic health issue in organizations. . . . . . . . . . . Despite the costs of these devices, many companies realize the benefits of their use. For instance, Zillow Group purchased sit-stand desks and treadmills for its workforce of 2,600 employees and found that they decreased individual work stress and made the company more attractive as an employer; health claims have also decreased and worker engagement has improved. Humana, the health insurance firm located in Louisville, Kentucky, placed sit-stand and treadmill desks in many of its offices, which has resulted in increased employee engagement and retention.Learn more about intrinsic extrinsic motivation here: brainly.com/question/13884108
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the purchasing agent for bob bee company has been told to be more careful about planning raw materials purchases. in the past, the purchasing agent has purchased the same amount of raw materials each month. during some months, this has led to a huge amount of extra raw materials stored in every available corner. in other months, this has led to some shortages and emergency purchases near the end of the month. given the company’s raw materials storage capacity, starting in october, bob bee intends to have an inventory policy of maintaining ending raw materials inventory at the end of every month equal to the next two months’ production needs. for example, ending inventory at the end of october should be equal to forecasted raw materials needs for november production plus forecasted raw materials needs for december production. the sales team for bob bee have created a careful and realistic sales forecast which has been used to create a month-by-month production budget. what additional factor should the purchasing agent consider in planning next month’s purchases? cost of goods sold amount of beginning inventory direct labor needs total manufacturing overhead
Answers
The purchasing agent should consider the amount of beginning inventory when planning next month's purchases.
To maintain the desired ending raw materials inventory at the end of each month, the purchasing agent needs to take into account the amount of beginning inventory. Beginning inventory refers to the raw materials that are already in stock at the start of the month. By considering the beginning inventory, the purchasing agent can accurately determine how much additional raw materials need to be purchased to meet the next two months' production needs.
For example, if the beginning inventory for October is already sufficient to cover the forecasted raw materials needs for November and December production, then the purchasing agent may not need to make any additional purchases for October. However, if the beginning inventory is insufficient, the purchasing agent will need to calculate the difference between the desired ending inventory and the beginning inventory to determine the quantity of raw materials that should be purchased.
Considering the beginning inventory is crucial because it helps in avoiding shortages or excesses in raw materials. By properly analyzing the beginning inventory and aligning it with the production needs, the purchasing agent can ensure a balanced and efficient supply of raw materials for the company's operations.
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The purchasing agent for Bob Bee Company should consider the cost of goods sold when planning next month's purchases. Cost of goods sold (COGS) refers to the direct costs associated with producing goods or services. By analyzing the COGS, the purchasing agent can determine the amount of raw materials needed to meet the forecasted production needs and maintain the desired ending inventory.
Here is a step-by-step approach:
1. Calculate the forecasted raw materials needs for the next two months' production based on the sales forecast and production budget.
2. Determine the COGS by considering the direct costs involved in manufacturing the products.
3. Analyze the relationship between COGS and raw materials consumption to estimate the amount of raw materials required to produce the goods.
4. Compare the forecasted raw materials needs with the available raw materials inventory and adjust the purchasing plan accordingly.
5. Take into account any additional factors such as lead time for ordering raw materials, supplier reliability, and cost-effectiveness.
Considering the COGS helps ensure that the purchasing agent plans raw materials purchases in a way that balances production needs, storage capacity, and cost efficiency.
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Bankruptcy can make it difficult for you to get a loan, rent an apartment, or even get a job. True or false?
Answers
Answer:
True
Explanation:
It is true.
What is bankruptcy?Through the legal process of bankruptcy, individuals or other entities that are unable to pay their creditors back can seek partial or complete relief from their debts. Bankruptcy is typically imposed by a court order that is frequently requested by the debtor.
Bankruptcy helps individuals who can no longer pay their debts get a fresh start by liquidating assets to spend on their debts or by creating a repayment plan. Bankruptcy laws also rescue financially troubled businesses. This section defines the bankruptcy process and laws.
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HELP ASAPPPPP WILL GIVE BRAINLIEST!!!! Question in pic. Then explain your reasoning
Answers
Answer:
because i need to school
identify the account types that carry a normal credit balance. (check all that apply)
Answers
The account types that carry a normal credit balance are revenue accounts, liability accounts, owner's equity accounts, income accounts, and gains accounts.
How do account types carry credit?The account types that carry a normal credit balance are:
1. Revenue Accounts: Revenue accounts include all sources of income for a business, such as sales revenue, service revenue, and interest revenue.
2. Liability Accounts: Liability accounts represent obligations or debts owed by a business, such as accounts payable, loans payable, and accrued expenses.
3. Owner's Equity Accounts: Owner's equity accounts represent the owner's share of the business's assets after deducting liabilities. This includes accounts such as owner's capital, retained earnings, and drawings.
4. Income Accounts: Income accounts track non-operating income, such as interest income, rental income, or gains from the sale of assets.
5. Gains Accounts: Gains accounts are used to record gains resulting from non-operating activities, such as the sale of assets at a higher price than their book value.
Please note that the classification of account types and their normal balances may vary depending on the accounting framework or standards followed by an organization.
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The surge impedance of the power cable, as compared to that of the overhead power transmission line is:
Select one:
O the surge impedance of the power cable is usually equal to that of the overhead transmission line.
O the surge impedance of the power cable can be lower or greater than that of the overhead transmission line.
O the surge impedance of the power cable is usually less than that of the overhead transmission line.
O the surge impedance of the power cable is usually greater than that of the overhead transmission line.
Answers
The surge impedance of the power cable can be lower or greater than that of the overhead transmission line.
Surge impedance refers to the characteristic impedance of a transmission line during transient conditions, such as lightning strikes or switching surges. It is influenced by various factors, including the line's physical dimensions, conductor spacing, and dielectric properties. While overhead power transmission lines typically have a well-defined surge impedance due to their uniformity, power cables can have different surge impedances depending on their design, materials, and installation conditions.
Factors such as the cable's insulation type, conductor arrangement, and surrounding medium can affect its surge impedance. For example, underground cables may have lower surge impedance compared to overhead lines due to the proximity of the conductor to the surrounding earth, which alters the effective dielectric constant. On the other hand, certain types of power cables, such as high-voltage submarine cables, may have higher surge impedances due to their specific design considerations.
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Put the following investment options in order of least to greatest risk: starting a business, B-rated bond, speculative stock, property
Answers
Answer:
1. B-rated bond
2. property
3. starting a business
4. speculative stock
The order of investment options in order of least to greatest risk is B-rated bonds, Property, Starting a business, and speculative stock.
What do you mean by investment?Investment refers to the item acquired to generate more revenues or profits.
The order of investment options from least to greatest risk is B-rated bonds, property, starting a business, and speculative stocks.
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Agency authority directly communicated by the principal to the agent is called
O Express authority
O Implied authority
O Power of attorney
O Apparent authority
Answers
Answer:
O Express authority
Explanation:
In express authority, the principal communicates directly to the agent. The principal instructs the agent, either in writing or orally, to act on their behalf. In express authority, the directives given are for the agent to represent the principle on a specific matter. The scope of authority entrusted is clearly defined and understood by both parties.
A media buyer places an ad for a new range of wines in four different magazines. The first magazine provides roughly 3,600,000 exposures, the second magazine provides about 950,000 exposures, and the third and fourth provide 100,000 exposures each. The buyer now can inform the client at the winery of ___________ expected for the ad, that is, 4,750,000 exposures.
Answers
Answer:
Gross impressions
Explanation:
It sum up the total number of the audience (impressions) that the new range of wines reaches.
Which resource can you use to view businesses or suppliers divided into different categories?
You may use online or offline _________
to view businesses or suppliers classified into different categories.
Answers
Answer:
yellow pages
Explanation:
It's "Yellow Pages" :)
I got it right on plato <3
What country have a sand
Answers
Imagine you are a training and development specialist.
You are tasked with creating a training workshop about strong meeting facilitation. Create an outline for this workshop.
Include:
Medium: Is your training in-person, webinar, online, or some other method? Objectives: What are your intended outcomes?
Outline: What information topics will you deliver on? What activities will you ask the people in the training to do, individually and in groups? How will the content be organized?
Deliverables: What will you have attendees produce or accomplish by the end of the training to show that they have absorbed the information?
Evaluation: What can you do at the end to measure participants' feelings about the training?
Answers
The goal of training session is to provide attendees with knowledge, skills, and understanding that they can apply in their work or personal lives.
What is training?Training is the process of teaching or learning a particular skill, knowledge, or behavior through practice and instruction. In the context of machine learning, training refers to the process of teaching a computer algorithm to recognize patterns and make predictions based on input data. During training, the algorithm is fed a large amount of data, along with the correct outputs, and it adjusts its parameters to minimize the difference between the predicted output and the actual output. This process is repeated over many iterations until the algorithm can accurately make predictions on new, unseen data. Training is a crucial step in developing effective machine learning models and is essential for a wide range of applications, from image recognition and natural language processing to self-driving cars and fraud detection.
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Cost;, revenue and profit are in dollars and x is the number of units_ Suppose that the marginal revenue for a product is MR 4500 and the marginal cost is MC = 90Vx+ 4, with a fixed cost of $900. (a) Find the profit or loss from the production and sale of 5 units_ There is Select-_ of $ (b) How many units will result in maximum profit? units
Answers
(a) To find the profit or loss from the production and sale of 5 units, we need to calculate the total revenue and total cost. The total revenue can be calculated as TR = P x Q, where P is the price per unit and Q is the quantity sold. Since the marginal revenue is MR = 4500, we know that the price per unit is also $4500. Therefore, the total revenue for selling 5 units is TR = $4500 x 5 = $22,500.
To calculate the total cost, we need to add the variable cost and the fixed cost. The variable cost is given as MC = 90Vx+4, where x is the number of units. Therefore, the variable cost for producing and selling 5 units is MC = 90(5) + 4 = $454. Adding the fixed cost of $900, we get the total cost as TC = $454 + $900 = $1354.
The profit or loss is calculated as P = TR - TC. Substituting the values we have, we get P = $22,500 - $1354 = $21,146. Therefore, the profit from selling 5 units is $21,146.
(b) To find the number of units that result in maximum profit, we need to find the quantity at which marginal revenue equals marginal cost. We know that MR = 4500 and MC = 90Vx+4. Equating them, we get 4500 = 90Vx+4. Solving for x, we get x = 49.96. Since we cannot produce a fractional number of units, the maximum profit is achieved at 49 units.
Let's analyze the given information to find the profit or loss from the production and sale of 5 units, and the number of units that result in maximum profit.
(a) To find the profit or loss, we first need to calculate the total cost (TC) and total revenue (TR) for 5 units.
TC = Fixed cost + Variable cost = $900 + (90Vx + 4) * 5
TR = MR * 5 = 4500 * 5
Next, find the profit (P) by subtracting TC from TR.
P = TR - TC
(b) To find the maximum profit, set the marginal revenue (MR) equal to the marginal cost (MC), and solve for x.
4500 = 90Vx + 4
With the solution for x, you can calculate the number of units that will result in maximum profit.
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outline 2 advantages to H&H of using secondary market research
Answers
Explanation:
It provides quick information and factual background perspectives
It is less expensive and affordable
In what three ways does the government affect production of goods and services in the US economy?
Answers
Martin Company currently produces and sells 35,000 units of product at a selling price of $13. The product has variable costs of $7 per unit and fixed costs of $45,000. The company currently earns a total contribution margin of:
Answers
Answer:
The company currently earns a total contribution margin of $ 20
checking the purchase order upon delivery of products to a warehouse ensures that
a. the order was actually made in the quality is correct
b. The items were purchased at the lowest possible price
c. The items work as advertised
d. there will be enough storage space to house the items
Answers
Answer:
i believe it is a.
Explanation:
im not sure but this sounds the most reasonable
ж I NEED HELP!
Read the whole question Before answering!
Q. Imagine you are a fashion designer. Research on how to start your own fashion clothing brand.
Write down the process you need to follow to start your own fashion clothing brand.
Think about the conditions one has to meet to ensure the quality of the clothes (manufacturing and the cost of clothes).
If possible draw the flow chart to describe the steps, which will be taken by the fashion designer (or you) in making a decision.
I might give Brainliest to the one who answers correctly along with the flow chart.
Answers
The process you need to to start a fashion clothing brand.
Fist step is to recognized the fashion need in the market. Create your business plan. Know your specific audience. Start drawing and then designing the clothlook for a good clothing makerChoose and Make a brand name, logo, etc.Set a target price and start marketing/distribution process..What is Clothing Brand?This is known to be that key Identification that pertains to a given Manufacturer and it is one that is only used in the line of business such as manufacturing, distributing, etc., of clothes.
Note that by flowing the steps above, one can make a great fashion brand in the long run.
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You are a consultant to a firm evaluating an expansion of its current business. The cash-flow forecasts (in millions of dollars) for the project are as follows: Years e 1-10 a. On the basis of the behavior of the firm's stock, you believe that the beta of the firm is 1.45. Assume that the rate of return available on risk-free investments is 6% and that the expected rate of return on the market portfolio is 14%. Cash Flow- -100 +18 a. What is the project IRR? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. b. What is the cost of capital for the project? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. c. Does the accept-reject decision using IRR agree with the decision using NPV? IRR b. Cost of capital c. Does the accept-reject decision using IRR agree with the decision using NPV?
Answers
a. To calculate the project's internal rate of return (IRR), we need to find the discount rate that makes the net present value (NPV) of the project's cash flows equal to zero. In this case, the cash flows are -$100 million in Year 0 and +$18 million per year for Years 1-10.
Using a financial calculator or spreadsheet software, we can calculate the IRR as follows:
-100 + 18/(1+IRR)^1 + 18/(1+IRR)^2 + ... + 18/(1+IRR)^10 = 0
The IRR represents the discount rate that solves this equation. By solving it, we find that the project's IRR is approximately 22.12%.
b. The cost of capital for the project is the rate of return required by investors to undertake the project, given its level of risk. In this case, we can use the firm's beta, the risk-free rate, and the expected rate of return on the market portfolio to calculate the cost of capital using the capital asset pricing model (CAPM).
Cost of capital = Risk-free rate + Beta × (Expected market return - Risk-free rate)
Cost of capital = 6% + 1.45 × (14% - 6%)
Cost of capital = 6% + 1.45 × 8%
Cost of capital = 6% + 11.6%
Cost of capital = 17.6%
Therefore, the cost of capital for the project is approximately 17.6%.
c. The accept-reject decision using IRR will agree with the decision using NPV if the IRR is greater than the project's cost of capital. In this case, the IRR is 22.12%, which is higher than the cost of capital of 17.6%. Therefore, the project should be accepted based on the IRR criterion.
To confirm if the decision using NPV agrees, we would need to calculate the NPV of the project by discounting the cash flows at the cost of capital. If the NPV is positive, it would further support the decision to accept the project.
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What is one method that helps control online fraud? O A. Deleting odd emails before reading B. Reporting odd emails to police • C. Reporting odd emails as spam • D. Signing into email in many locations
Answers
Answer: C. Reporting odd emails as spam
Explanation:
assuming the 2012 revenue and student enrollment goals are met, what will be the average annual growth rate of tuition for 2009 to 2012?
Answers
The average annual growth rate of tuition for 2009 to 2012 would be 20% if the 2012 revenue and student enrollment goals are met.
Assuming the 2012 revenue and student enrollment goals are met, the average annual growth rate of tuition for 2009 to 2012 can be calculated using the following equation:
Average Annual Growth Rate of Tuition = ((2012 Tuition - 2009 Tuition) / 2009 Tuition) / 3. Where 3 is the number of years between 2009 and 2012.
For example, if the 2012 tuition is $20,000 and the 2009 tuition was $15,000, then the average annual growth rate of tuition for 2009 to 2012 would be calculated as follows:
Average Annual Growth Rate of Tuition = ((20,000 - 15,000) / 15,000) / 3 = 0.2 or 20%
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