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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...
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...
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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...
Prepare a tuition revenue budget for the upcoming
academic year.
Western State University (WSU) is preparing its master budget for the upcoming academic year. Currently, 12,000 students are enrolled on campus; however, the admissions office is forecasting a 7 percent growth in the student body despite a tuition hike to $80 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 160 tuition-free...
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...
Calculate the expected CLV of an International UG student at UNL starting in Fall 2018, using the following information/assumptions: 1. The student pays out-of-state UG tuition 2. Fees are about $70/credit hour per student, paid at beginning of each semester 3. Cost to university per credit hour per student is $1350 4. The student does not take any summer classes. 5. In accordance with US immigration rules the international student takes only one online or blended class per semester. 6. Student takes all 120 hours from...
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...
Both local and foreign student’s tuition fees have been increased by the management of universities and made to be paid annually due to the drastic cuts in the Ministry of Education operating budget. Few years ago, the cost of education was cheaper as compared to now. This has resulted in the sudden decline in admission applications to the universities. Mostly applications of less qualified students are enrolled when there is any shortfall in the university’s normal enrolments figures to secure...
Writing 3 Java Classes for Student registration /** * A class which maintains basic information about an academic course. */ public class Course { /** * Attributes. */ private String code; private String title; private String dept; // name of department offering the course private int credits; /** * Constructor. */ public Course(String code, String title, int credits) { // TODO : initialize instance variables, use the static method defined in // Registrar to initialize the dept name variable...