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Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question 50 points 1 Exercise 9-7 (Algo) Calculate earned revenues LO 9-1 Big Blue University has a fiscal year that ends on June 30. The 2022 summer session of the university runs from June 9 through July 27. Total tuition paid by students for the summer session amounted to $112,000. 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? a. Amount of revenue Answer is complete but not entirely correct. b. Would there be a change in the revenue reflected? $ 49,280 Yes
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