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Western State University (WSU) is preparing its master budget for the upcoming academic year. Currently, 15,000 students are enrolled on campus; however, the admissions ofce is forecasting a 5 percent growth in the student body despite a tuition hike to $90 per credit hour. The following additional information has been gathered from an examination of university records and conversations with university officials: . WSU is planning to award 170 tuition-free scholarships. . The average class has 25 students, and the typical student takes 15 credit hours each semester. Each class is three credit hours. - WSU's faculty members are evaluated on the basis of teaching, research, and university and community service. Each faculty member teaches ve classes during the academic year. Prepare a tuition revenue budget for the upcoming academic year. Tuition revenue budget: Current student enrollment Add: Increase in student body Total student body Less: Tuitionfree scholarships Tuition-paying students '0' Credit hours per student per year I Total credit hours uition rate per hour Forecasted tuition revenue Required 1 Required 2 Required 3 Required 4 Determine the number of faculty members needed to cover classes. Faculty neededAssume there is a shortage of full-time faculty members. Select at least ve actions that WSU might take to accommodate the growing student body by selecting an "X" next to the action. Hire part-time instructors Use graduate teaching assistants Increase the teaching load for each professor Reduce the number of courses offered. Increase class size and reduce the number of sections to be offered Have students take an Internet-based course offered by another university Shift courses to a summer session Required 1 Required 2 Required 3 Required 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 faculty needed, you can prepare the other budgets. Faculty members are indeed the key driverwithout them we don't operate." Are faculty members a key driver in preparing budgets? Show IeSSA