PR 9-32 (Algo) Revenue and Labor Budgeting for a University; Budget Linkages (LO 9-3, 9-5, 9-7, 9-8) Western State University (WSU) is preparing its master budget for the upcoming academic year. Currently, 14,000 students are enrollod on campus; however, the admissions office is forecasting a 4 percent growth in the student body despite a tuition hike to $70 per credit hour The following additional information has been gothered from an examinetion of university records and conversations with university officials - WSU is planning to aword 200 turtion free scholarships. - The averoge class has 20 students, and the typical student takes 10 credit hours each semester Each class is two credit hours. - WSUs focuity memtiers are evaluated on the basis of teeching. tesearch, and university and communify service Fach foculty member teaches five classes during the acadernic yoar Required: 1. Prepare a tution revenue budget for the upcoming acodemic year. 2. Determine the number of feculty members needed to cover classes. 3. Assume there is a shortage of full-time faculty members. Select et least five octions 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 (69. The libtary, grounds, doimitories, and maintenance) The AVP noted "The most important resource of the university is its faculty. Now that you know the number of foculty needed, you can prepare the other budgets fisculty mombers are indeed the key drives - without them we dorit opeste" Ase foculty members a key driver in preparing todgets? Complete this question by entering your answers in the taths below. Prepare a tiation rewenue budget for the upcoming acodeme vear. PR 9-32 (Algo) Revenue and Labor Budgeting for a University; Budget Linkages (LO 9-3, 9-5, 9-7, 9-8) Western State University (WSU) is preparing its master budget for the upcoming academic year. Currently, 14,000 students are enrolled on campus, however, the admissions office is forecasting a 4 percent growth in the student body despite a tuition hike fo $70 per credit hour. The following additional information has been gathered from an examination of university records and conversations with university officiais: - WSU is planning to award 200 tuition-free scholarships. - The average class has 20 students, and the typical student takes 10 credit hours eoch semester. Each class is two credit hours - WSU's faculity members are evaluated on the basis of teaching, research, and university and community service. Each faculty member teaches five classes duting the acadomic year. Required: 1. Prepare a tuition revenue budget for the upcoming academic year 2. Determine the number of faculty members needed to cover clossen 3. Assume there is a shortage of fult time focuity members Select at least five actions that WSU might take to occommodate the growing student body. 4. You hove been requested by the university's adminstrative vice president (AVP) to construct budgets for other areas of eperation (e.g, the libtary, grounds, dormitovies, and maintenance) The AVP noted. The most important resource of the university is its focuity. Now that you know the number of taculty needed, you can prepare the other budgets. Foculty menbers are indired the key diver- whout them we dont operate - Ave foculty menbers a koy driver in preparing budgets? Complete this question by entering your answers in the tabs below. Determine the number of faculty members needed to cuver dasses. PR 9-32 (Algo) Revenue and Labor Budgeting for a University; Budget Linkages (LO 9-3, 9-5, 9-7, 9-8) Western State University (WSU) is preparing its master budget for the upcoming academic year Currently, 14,000 students are enrolled on campus, however, the admissions office is forecasting a 4 percent growth in the student body despite a tuation hike to $70 per credit hout. The following additional information has been gothered from an examination of university records and corversations with unverstry officials: - WSU is ptanning to award 200 tution free scholarships. - The average class hos 20 students, and the typical student takes 10 credit hous each senester Each class is two credit hours. - WSU's faculty members are cvaluated bn the basis of teaching, rosearch, and university and community service Each facuity member teoches five classes during the acodernic year Required: 1. Prepare a tution revense budget for the upcoming acodemic year 2. Determine the number of foculty 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 hove been requested tyy the university's administrative vice president (AVP) to construct budgets for other areas of operation (e.g, the libtary, grounds, dormitores, and maintenance). The AVP noted. The most important resource of the university is its. faculty. Now that you know the number of faculiy needed, you can prepare the other budgets. Faculty members are indeed the key drver-without them we don't operate."Aro faculty members a key driver in preparing budgots? Complete this guestion by entering your answers in the tabs below. Assume there is a shortiage of fult time faculty members. Note: Select 'Yes" if the stafement is an action that WSu mighe take to accommodate the growing student bodk, and "No" if it is not. PR 9-32 (Algo) Revenue and Labor Budgeting for a University; Budget Linkages (LO 9-3, 9-5, 9-7, 9-8) Western State University (WSU) is preparing its master budget for the upcoming academic year Currently, 14,000 students are enrolled on campus, however, the admissions office is forecasting a 4 percent growth in the student body despite a tuition hike to $70 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 200 tultion-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 foculty 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 (eg. the library, grounds, dormitories, and maintenance). The AVP noted "The most important resource of the university is its foculty. 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? 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 budpets for other areas of You have been requested by the univessity's administrative vice president (AVP) to construct buspets for other areas of operation (e.9., 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