Pharoah Co began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales
Purchases
Date
Units
Unit Cost
Sales Units
July
1
5140
July 11
>
$150
July 14
July 21
5161
July 27
(1)

It is estimated that over 100,000 students will apply to the top 30 m.b.a. programs in the united states this year. a. using the concept of net present value and opportunity cost, when is it rational for an individual to pursue an m.b.a. degree. b. what would you expect to happen to the number of applicants if the starting salaries of managers with m.b.a. degrees remained constant but salaries of managers without such degrees decreased by 20 percent