Prepare a tuition revenue budget for the upcoming academic year.
Homework Answers
| Tution revenue budget: | |
| Current student enrollment | 12,000 |
| Add: Increase in Student body (12,000 x 7%) | 840 |
| Total student body | 12,840 |
| Less: Tuition‐free scholarship | 160 |
| Tuition‐paying students | 12,680 |
| Credit hours per student per year (20 x 2) | 40 |
| Total credit hours | 507,200 |
| Tuition rate per hour | $80 |
| Forecasted tuition revenue | $40,576,000 |
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Prepare a tuition revenue budget for the upcoming
academic year.
Western State University (WSU) is preparing...
Prepare a tuition revenue budget for the upcoming academic year. 16,500 1,320 17,820 Tuition revenue budget:...
Prepare a tuition revenue budget for the upcoming academic year. 16,500 1,320 17,820 Tuition revenue budget: Current student enrollment Add: Increase in student body Total student body Less: Tuition-free scholarships Tuition-paying students Credit hours per student per year Total credit hours Tuition rate per hour Forecasted tuition revenue 200 17,620 45 792,900 85 $67,396,500 Western State University (WSU) is preparing its master budget for the upcoming academic year. Currently, 16,500 students are enrolled on campus; however, the admissions office is...
Western State University (WSU) is preparing its master budget for the upcoming academic year. Currently, 12,500...
Western State University (WSU) is preparing its master budget for the upcoming academic year. Currently, 12,500 students are enrolled on campus; however, the admissions office is forecasting a 6 percent growth in the student body despite a tuition hike to $65 per credit hour. The following additional information has been gathered from an examination of university records and conversations with university officials: WSU is planning to award 170 tuition-free scholarships. The average class has 20 students, and the typical student...
Good evening, I am hoping that someone can double check my answers below and let me...
Good evening, I am hoping that someone can double check my
answers below and let me know if the math is correct?
Western State University (WSU) is preparing its master budget for the upcoming academic year. Currently, 15,500 students are enrolled on campus; however, the admissions office is forecasting a 6 percent growth in the student body despite a tuition hike to $70 per credit hour. The following additional information has been gathered from an examination of university records and...
3 growth in the student body despite a tuition hike to $70 per student takes 10...
3 growth in the student body despite a tuition hike to $70 per student takes 10 credit hours each semester Each class is two credit hours dhencheenmsi etteaching. research, and universty and communy service Each facuty Required: an "X" next to the action ative vice president (AVP) to construct budgets for other areas of operation The AVP noted: "The most important resource of the university is its (eg., the library and them we don't operate. Are faculty members a key...
Week 6 South Hampton University is preparing its budget for the upcoming academic year. This is...
Week 6 South Hampton University is preparing its budget for the upcoming academic year. This is a specialised private university that charges fees for all degree courses. Currently, 30,000 students are enrolled on campus. However, the university is forecasting a 5 per cent growth in student numbers in the coming year, despite an increase in fees to $3,000 per subject. The following additional information has been gathered from an examination of university records and conversations with university managers: South...
Student tuition at Boehring University is $160 per semester credit hour. The state supplements school revenue...
Student tuition at Boehring University is $160 per semester credit hour. The state supplements school revenue by $70 per semester credit hour. Average class size for a typical 3-credit course is 50 students. Labor costs are $4,200 per class, materials costs are $22 per student per class, and overhead costs are $27,000 per class. The multifactor productivity ratio currently is 1.07 and the labor productivity ratio is $154.02 per hour if the instructors work on an average of 14 hours...
I need help on part b Student tuition at Boehring University is $150 per semester credit...
I need help on part b
Student tuition at Boehring University is $150 per semester credit hour. The state supplements school revenue by $90 per semester credit hour. Average class size for a typical 3-credit course is 55 students. Labor costs are $5,200 per class, materials costs are $23 per student per class, and overhead costs are $27,000 per class. The multifactor productivity ratio currently is 1.18 and the labor productivity ratio is $176.79 per hour if the instructors work...
Budgeting for an Academic Department at a State University: Can You Believe the Numbers? INTRODUCTION You...
Budgeting for an Academic Department at a State University: Can You Believe the Numbers? INTRODUCTION You are the senior accounting faculty member in the business school and your dean, Dean Weller, is asking for help. She is very discouraged after a midyear budget meeting with the Vice President of Finance. The college's Department of Social Work has a large budget deficit, and because of this the VP is inclined towards closing the department entirely or closing its bachelor's program. The...
Variable Costing Income Statement for a Service Company The actual and planned data for Underwater University...
Variable Costing Income Statement for a Service Company The actual and planned data for Underwater University for the Fall term were as follows: Actual Planned Enrollment 4,500 4,125 Tuition per credit hour $120 $135 Credit hours 60,450 43,200 Registration, records, and marketing costs per enrolled student $275 $275 Instructional costs per credit hour $60 Depreciation on classrooms and equipment $825,600 $825,600 Registration, records, and marketing costs vary by the number of enrolled students, while instructional costs vary by the number...
accountancy
Happy Valley University (HVU) needs to establish a budget for the upcoming calendar year. The current Budget Director has retired so you and your Team have been brought in establish a budget for the coming year. You are being tasked to develop a balanced budget (meaning No Profit, since HVU is a non-profit) and a tuition rate per credit hour for students to pay in the coming year. FACTS: REVENUES: HVU has three semesters during a calendar year. There are...
Prepare a tuition revenue budget for the upcoming academic year. 16,500 1,320 17,820 Tuition revenue budget: Current student enrollment Add: Increase in student body Total student body Less: Tuition-free scholarships Tuition-paying students Credit hours per student per year Total credit hours Tuition rate per hour Forecasted tuition revenue 200 17,620 45 792,900 85 $67,396,500 Western State University (WSU) is preparing its master budget for the upcoming academic year. Currently, 16,500 students are enrolled on campus; however, the admissions office is...
Good evening, I am hoping that someone can double check my
answers below and let me know if the math is correct?
Western State University (WSU) is preparing its master budget for the upcoming academic year. Currently, 15,500 students are enrolled on campus; however, the admissions office is forecasting a 6 percent growth in the student body despite a tuition hike to $70 per credit hour. The following additional information has been gathered from an examination of university records and...
3 growth in the student body despite a tuition hike to $70 per student takes 10 credit hours each semester Each class is two credit hours dhencheenmsi etteaching. research, and universty and communy service Each facuty Required: an "X" next to the action ative vice president (AVP) to construct budgets for other areas of operation The AVP noted: "The most important resource of the university is its (eg., the library and them we don't operate. Are faculty members a key...
Student tuition at Boehring University is $160 per semester credit hour. The state supplements school revenue by $70 per semester credit hour. Average class size for a typical 3-credit course is 50 students. Labor costs are $4,200 per class, materials costs are $22 per student per class, and overhead costs are $27,000 per class. The multifactor productivity ratio currently is 1.07 and the labor productivity ratio is $154.02 per hour if the instructors work on an average of 14 hours...
I need help on part b
Student tuition at Boehring University is $150 per semester credit hour. The state supplements school revenue by $90 per semester credit hour. Average class size for a typical 3-credit course is 55 students. Labor costs are $5,200 per class, materials costs are $23 per student per class, and overhead costs are $27,000 per class. The multifactor productivity ratio currently is 1.18 and the labor productivity ratio is $176.79 per hour if the instructors work...
Budgeting for an Academic Department at a State University: Can You Believe the Numbers? INTRODUCTION You are the senior accounting faculty member in the business school and your dean, Dean Weller, is asking for help. She is very discouraged after a midyear budget meeting with the Vice President of Finance. The college's Department of Social Work has a large budget deficit, and because of this the VP is inclined towards closing the department entirely or closing its bachelor's program. The...
Variable Costing Income Statement for a Service Company The actual and planned data for Underwater University for the Fall term were as follows: Actual Planned Enrollment 4,500 4,125 Tuition per credit hour $120 $135 Credit hours 60,450 43,200 Registration, records, and marketing costs per enrolled student $275 $275 Instructional costs per credit hour $60 Depreciation on classrooms and equipment $825,600 $825,600 Registration, records, and marketing costs vary by the number of enrolled students, while instructional costs vary by the number...
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