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

Question

1 Approved Answer

Bluestar University has a fiscal year that ends on June 30. The 2022 summer session of the university runs for 60 days from June 11

Bluestar University has a fiscal year that ends on June 30. The 2022 summer session of the university runs for 60 days from June 11 through August 9. Total tuition paid by students for the summer session amounted to $240,000. How much revenue should be reflected in the fiscal year ended June 30, 2022

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

Managerial Accounting

Managerial Accounting

Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac

10th Edition

B010IKDQZM

More Books

Students also viewed these Accounting questions

Question

A years. Multiple Choice Temporary difference Permanent difference Bonus payable can arise when the tax return and the income statement report a revenue or expense in different Federal Unemployment...

Answered: 1 week ago

Question

Cardinal Company is considering a five - year project requiring a $ 2 , 7 5 5 , 0 0 0 investment in equipment with a useful life of five years and no salvage value. The company s discount rate is 1 4...

Answered: 1 week ago

Question

In what ways might social media be used to predict sales and manage inventory

Answered: 1 week ago

Question

Write a program that reads in the x - and y - coordinates in Cartesian space for the endpoints of a line segment and then determines if the line segment is parallel to the y - axis. Hint: a line is...

Answered: 1 week ago

Question

★★★★★
For the model in the previous exercise, what is the probability limit of s2 = 1/n ni=1 (yi y)2? Note that s2 is the least squares estimator of the residual variance. It is also n times the...

Answered: 1 week ago

Question

★★★★★
Using the Laffer curve discussed in the Economics in Practice in Chapter 15 on fiscal policy, explain how proponents could claim the tax cut would increase tax revenues?

Answered: 1 week ago

Question

★★★★★
=+c) If the consultants report costs $2000, should Aaron pay for it?

Answered: 1 week ago

Question

★★★★★
Complete the chart below, indicating the Calvet Trusts entity accounting income for each of the alternatives. For this purpose, use the following information. Interest income, taxable Interest...

Answered: 1 week ago

Question

★★★★★
Which of the following is not a major characteristic of a plant asset? Select one: a. Acquired for use. b. The useful life is greater than one year. c. Acquired for resale. d. Possesses physical...

Answered: 1 week ago

Question

★★★★★
Markus Company's common stock sold for $2.75 per share at the end of this year. The company paid a common stock dividend of $0.55 per share this year. It also provided the following data excerpts...

Answered: 1 week ago

Question

★★★★★
Fabrick Company's quality cost report is to be based on the following data: Lost sales due to poor quality Quality data gathering, analysis, and reporting Net cost of spoilage Re-entering data...

Answered: 1 week ago

Question

★★★★★
MRO and Logistics Management Describe an MRO's procurement application of logistics and supply chain management. Describe ways to reduce hidden costs in MRO's logistics. Explain the differences...

Answered: 1 week ago

Question

★★★★★
a) In each of the following plots, a training dataset of data points X in R^2 labeled either + or - is given, where the original features are the coordinates (x,y). You can assume that the data is...

Answered: 1 week ago

Question

★★★★★
Explain how the communication tone, structure and style may impact on others. Provide an example of each. Question Explain how the communication tone, structure and style may impact on others. (40-80...

Answered: 1 week ago

Question

★★★★★
1-2: The test data of a pressure sensor is shown in the following table, calculate the nonlinear error, hysteresis and repeatability error. Output value/mV Pressure First cycle Second cycle Third...

Answered: 1 week ago

Question

★★★★★
Breach of Human Rights? L.B Hospitality Hotel offers customers free toiletries, coffee and snack basket for each night clients stay at their hotel. These items are left in each room by the...

Answered: 1 week ago

Question

★★★★★
Question 9 (5 points) For each of the items listed below, indicate whether a stock dividend will cause the account to increase (type "+"), decrease (type "-") or have no change (type "nc"). This...

Answered: 1 week ago

Question

★★★★★
What is the expected payoff of an investment that yields $5,000 with a probability of 0.15 and $500 with a probability of 0.85? Select one: O a. $325 O b. $5,500 O c. $2,750 O d. $1,175

Answered: 1 week ago

Question

★★★★★
How do people make decisions when presented with information that contradicts their beliefs?

Answered: 1 week ago

Question

★★★★★
How do certain characteristics of a task affect ones success in completing it?

Answered: 1 week ago

Question

★★★★★
What factors would lead an eyewitness to falsely identify an innocent suspect?

Answered: 1 week ago

Previous Question Next Question