Question
Big Blue University has a fiscal year that ends on June 30. The 2022 summer session of the university runs from June 8 through July
Big Blue University has a fiscal year that ends on June 30. The 2022 summer session of the university runs from June 8 through July 28. Total tuition paid by students for the summer session amounted to $103,000. Required: a)How much revenue should be reflected in the fiscal year ended June 30, 2022? Note: Do not round intermediate calculations. b)Would there be a change in the revenue reflected if the university had a tuition refund policy that no tuition would be refunded after the end of the third week of summer session classes?
*** I am getting $45,320 for a, but it is saying I am incorrect***
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