ch9

q2

Big Blue University has a fiscal year that ends on June 30 . The 2022 summer session of the university runs from June 7 through July 26. Total tuition paid by students for the summer session amounted to $118,000. Required: 0. How much revenue should be reflected in the fiscal year ended June 30,2022 ? Note: Do not round intermediote calculations. b. Would there be a change in the revenue refiected if the university had a tuition refund policy that no tution would be refunded after the end of the third week of summer session classes