FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Big Blue University has a fiscal year that ends on June 30. The 2019 summer session of the university runs from June 9 through July

image text in transcribed

Big Blue University has a fiscal year that ends on June 30. The 2019 summer session of the university runs from June 9 through July 28. Total tuition paid by students for the summer session amounted to $168,000. Required: a. How much revenue should be reflected in the fiscal year ended June 30, 2019? Amount of revenue $ 72,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Audit Sampling An Introduction

Audit Sampling An Introduction

Authors: Dan M. Guy, D. R. Carmichael, O. Ray Whittington

5th Edition

047137590X, 978-0471375906

More Books

Students also viewed these Accounting questions

Question

★★★★★
What is the distinction in this book between passively and actively observing an event?

Answered: 1 week ago

Question

★★★★★
Identify the leader relationships error in each of the following situations. Suggest a better way to handle each. a. Carole Fieldss boss compliments her on the report she submitted yesterday. She...

Answered: 1 week ago

Question

★★★★★
20. How does the speed of a runner vary over the course of a marathon (a distance of 42.195 km)? Consider determining both the time to run the rst 5 kmand the time to run between the 35-km and 40-km...

Answered: 1 week ago

Question

★★★★★
Stockholders equity for Channa Co. on December 31 was as follows: Preferred stock, $14 par, 25,000 shares issued and outstanding . . . . . . . . $ 350,000 Paid-in capital in excess of parpreferred...

Answered: 1 week ago

Question

★★★★★
Consider a Products table ( ProductID , ProductName, Price ) and Sales table ( SaleID , ProductID, Quantity ) . Find all products that have never been sold. SELECT ProductName FROM Products WHERE...

Answered: 1 week ago

Question

★★★★★
3. [3 points] If MAC=90-2E and MD=3E, what is the socially efficient tax rate? Show work. In addition, draw a diagram using the given functions to show the net social gain expected at the socially...

Answered: 1 week ago

Question

★★★★★
A 6 in. sch 40 pipeline carries a petroleum fraction (viscosity $15 \mathrm{cP}, \mathrm{SG} 0.85$ ) at a velocity of $7.5 \mathrm{ft} / \mathrm{s}$, from a storage tank at $1 \mathrm{~atm}$ pressure...

Answered: 1 week ago

Question

★★★★★
A 2 in. sch 40 pipe carries $\mathrm{SAE} 10$ lube oil at $100^{\circ} \mathrm{F}(\mathrm{SG}=0.928)$. The flow rate may be as high as $55 \mathrm{gpm}$, and you must select an orifice meter to...

Answered: 1 week ago

Question

★★★★★
Two items both have reorder points with service levels of 99%. One of the items is ordered 10 times a year, and the other item is ordered 20 times a year. Do these two items have the same overall...

Answered: 1 week ago

Question

★★★★★
(a) Find one more nonzero term for each of the solutions y 1 (x) and y 2 (x) in Example 8. (b) Find a series solution y(x) of the initial-value problem y'' + (cos x)y = 0, y(0) = 1, y'(0) = 1. (c)...

Answered: 1 week ago

Question

★★★★★
Draw a schematic diagram of I.C. engines and name the parts.

Answered: 1 week ago

Question

★★★★★
(Appendices) Although workers compensation laws differ among the states, they have certain common features. Explain whether each of the following persons would be eligible for workers compensation...

Answered: 1 week ago

Question

★★★★★
(Appendices) James currently earns $3,000 per month. He has an individual disability income policy that will pay $1,800 monthly if he is totally disabled. The policy has a 60-day elimination period...

Answered: 1 week ago

Question

★★★★★
(Appendices) There is no single solution to reducing or eliminating the long-range actuarial deficit in the Social Security program. The Academy of Actuaries has a game that allows viewers to make...

Answered: 1 week ago

Previous Question Next Question