can you help me undertand this concept? Thank you!!

estern State University (WSU) is preparing its master budget for the upcoming academic year. Currently, 14,500 students are enrolled n campus; however, the admissions office is forecasting a 4 percent growth in the student body despite a tuition hike to $85 per redit hour. The following additional information has been gathered from an examination of university records and conversations with niversity officials: - WSU is planning to award 160 tuition-free scholarships. - The average class has 20 students, and the typical student takes 10 credit hours each semester. Each class is two credit hours. - WSU's faculty members are evaluated on the basis of teaching, research, and university and community service. Each faculty member teaches five classes during the academic year. Required: 1. Prepare a tuition revenue budget for the upcoming academic year. 2. Determine the number of faculty members needed to cover classes. 3. Assume there is a shortage of full-time faculty members. Select at least five actions that WSU might take to accommodate the growing student body. 4. You have been requested by the university's administrative vice president (AVP) to construct budgets for other areas of operation (e.g. the library, grounds, dormitories, and maintenance). The AVP noted: "The most important resource of the university is its faculty. Now that you know the number of facuity needed, you can prepare the other budgets. Faculty members are indeed the key driver-without them we don't operate:- Are faculty members a key driver in preparing budgets? Complete this question by entering your answers in the tabs below. Prepare a tuition revenue budget for the upcoming academic year. Western State University (WSU) is preparing its master budget for the upcoming academic on campus; however, the admissions office is forecasting a 4 percent growth in the studer credit hour. The following additional information has been gathered from an examination university officials: - WSU is planning to award 160 tuition-free scholarships. - The average class has 20 students, and the typical student takes 10 credit hours each s - WSU's faculty members are evaluated on the basis of teaching, research, and university member teaches five classes during the academic year. Required: 1. Prepare a tuition revenue budget for the upcoming academic year. 2. Determine the number of faculty members needed to cover classes. 3. Assume there is a shortage of full-time faculty members. Select at least five actions that V growing student body. 4. You have been requested by the university's administrative vice president (AVP) to constru (e.g., the library, grounds, dormitories, and maintenance). The AVP noted: "The most impor faculty. Now that you know the number of faculty needed, you can prepare the other budg driver-without them we don't operate." Are faculty members a key driver in preparing bud Complete this question by entering your answers in the tabs below. Determine the number of faculty members needed to cover classes. Prepare a tuition revenue budget for the upcoming academic year. Determine the number of faculty members needed to cover classes. Assume there is a shortage of full-time faculty members. Select at least five actions that WSU m growing student body. You have been requested by the university's administrative vice president (AVP) to construct buc (e.g., the library, grounds, dormitories, and maintenance). The AVP noted: "The most important faculty. Now that you know the number of faculty needed, you can prepare the other budgets. F driver-without them we don't operate." Are faculty members a key driver in preparing budgets? Complete this question by entering your answers in the tabs below. Assume there is a shortage of full-time faculty members. Note: Select "Yes" if the statement is an action that WSU might take to accommodate the growing student is not. - wSU's faculty members are evaluated on the basis of teaching, research, and university and community service. Each member teaches five classes during the academic year. Required: 1. Prepare a tuition revenue budget for the upcoming academic year. 2. Determine the number of faculty members needed to cover classes, 3. Assume there is a shortage of full-time faculty members. Select at least five actions that WSU might take to accommoda growing student body. 4. You have been requested by the university's administrative vice president (AVP) to construct budgets for other areas of (e.g., the library, grounds, dormitories, and maintenance). The AVP noted: "The most important resource of the university faculty. Now that you know the number of faculty needed, you can prepare the other budgets. Faculty members are inde driver-without them we don't operate." Are faculty members a key driver in preparing budgets? Complete this question by entering your answers in the tabs below. You have been requested by the university's administrative vice president (AVP) to construct budgets for other areas of operation (e.g., the library, grounds, dormitories, and maintenance). The AVP noted: "The most important resource of the university is its faculty. Now that you know the number of faculty needed, you can prepare the other budgets. Faculty members are indeed the key driver-without them we don't operate." Are faculty members a key driver in preparing budgets? Are faculty members a key driver in preparing budgets? show less