Western State University $($WSU$)$ is preparing its master budget for the upcoming academic year. Currently, $15,000$ students are enrolled Required $1$

Required $2$

Prepare a tuition revenue budget for the upcoming academic year.

$\backslash$table$[[$Tuition revenue budget:,$],[$Current student enrollment,$15,000],[$Add: Increase in student body,$],[$Total student body,$15,000],[$Less: Tuition$-$free scholarships,$],[$Tuition$-$paying students,$15,000],[$Credit hours per student per year,$],[$Total credit hours,$],[$Tuition rate per hour,$$],[$Forecasted tuition revenue,$]]$ EX $9-21($Algo$)$ Missing Amounts; Various Types of Budgets $($LO $9-3,9-5,9-6)$

For each independent situation complete this question by entering your answers in the tabs below.

Answer is complete but not entirely correct.

Complete this question by entering your answers in the tabs below.

Required $1$

Required $3$

Required $5$

Fill in the missing amounts in the following schedules.

Half of each month's sales are on account. March sales amounted to $$207,000.$

$60\%$ of credit sales is collected in the month of sale; $40\%$ is collected in the following month. EX $9-25($Algo$)$ Budgeting Production and Raw$-$Material Purchases $($LO $9-3,9-6)$

GreenThumb Organic Fertilizer Company plans to sell $270,000$ units of finished product in July and anticipates a growth rate in sales

of $4$ percent per month. The desired monthly ending inventory in units of finished product is $70$ percent of the next month's estimated

sales. There are $189,000$ finished units in inventory on June $30.$ Each unit of finished product requires $4$ pounds of raw material at a

cost of $$1\mathrm{.}75$ per pound. There are $820,000$ pounds of raw material in inventory on June $30.$

Required:

Compute the company's total required production in units of finished product for the entire three$-$month period ending September

Note: Round all intermediate calculations and your final answer to the nearest unit.

Independent of your answer to requirement $1,$ assume the company plans to produce $740,000$ units of finished product in the three$-$

month period ending September $30,$ and to have raw$-$material inventory on hand at the end of the three$-$month period equal to $25$

percent of the use in that period. Compute the total estimated cost of raw$-$material purchases for the entire three$-$month period

ending September $30.$

on campus; however, the admissions office 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 five classes during the academic year.

Required:

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 might take to accommodate the

growing student body.

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?

Complete this question by entering your answers in the tabs below.

Required $1$

Required $2$

Required $3$

Determine the number of faculty members needed to cover classes.