xercise Igo) alculate earned revenues g Blue University has a fiscal year that ends on June 30. The 2019 summer session of the university runs from June rough July 26. Total tuition paid by students for the summer session amounted to $112,000. equired: How much revenue should be reflected in the fiscal year ended June 30, 2019? Answer is complete but not entirely correct. $ 112,000 Amount of revenue

xercise Igo) alculate earned revenues g Blue University has a fiscal year that ends on June 30. The 2019 summer session of the university runs from June rough July 26. Total tuition paid by students for the summer session amounted to $112,000. equired: How much revenue should be reflected in the fiscal year ended June 30, 2019? Answer is complete but not entirely correct. $ 112,000 Amount of revenue

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter12: Current Liabilities

Section: Chapter Questions

Problem 12EB: Reference Figure 12.15 and use the following information to complete the requirements. A. Determine...

See similar textbooks

Similar questions

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 7 through July 26. Total tuition paid by students for the summer session amounted to $131,000. 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 b. Would there be a change in the revenue reflected? S No A 61,489
Exercise 9-5 (Algo) Calculate earned revenues LO 1 Big Blue University has a fiscal year that ends on June 30. The 2019 summer session of the university runs from June 7 through July 26. 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, 2019? X Answer is complete but not entirely correct. Amount of revenue 52,571 X b. Would your answer to part a be any different 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? Yes O No O
Problem 1 – Smith College has a fiscal year end of 6/30/22 and runs summer session classes from 6/1/22 to 8/31/22. The following are selected transactions of Smith College; 6/1/22 Smith College collects $300,000 tuition for the 2022 summer session 6/1/22 Smith College collects $1,000,000 tuition for the Fall 2022 semester 6/1/22 to 6/30/22 Smith College pays $2,000 to faculty teaching in the summer session 7/1/22 to 8/31/21 Smith College pays $4,000 to faculty teaching in the summer session Required: Prepare the journal entries for the above transactions assuming Smith College is a private sector not for profit college Prepare the journal entries for the above transactions assuming Smith College is a State college
d. Get the totálš ar pr e. How much is the cash? Problem 2. Fay Fedor started a delivery service, Fed Deliveries, on July 1,2018 The following transactions occurred during the month of July: July 1 She contributed P 100,000 cash Purchased a used van for deliveries for P 120,000 by paying P 20,000 cash and signed a two-year notes payable for the remaining balance 3 Paid P 15,000 for office rent for the month Delivery services amounted to P 44,000. Half on account Cash of P 2,000 withdrawn by Fay 12 Purchased supplies for P 1,500 on account 15 Received cash of P 12,500 for services provided on July 5 17 Purchased gasoline for P 7,500 on account A globally competitive university for science, technology, and environmental conser2020.11.19 21:26 Development of a highly comnetitive human 2. 5. 91
https://sfdr.owschools.com/owsoo/studentAssignment/index?eh=65534403 SSIGNMENTS Assignment - 1. Credit Scores and Loans Attempt 1 of 1 COURSES SECTION 3 OF 4 QUESTION 1 4 8 You get a personal loan of $5,000 with 12% simple interest too be paid over 30 months. What is your monthly payment? O $150.00 O $166.67 O $216.67 O $175.00 NEXT QUESTION O ASK FOR HELP TURN IT IN e to search Pause T H K B N M Alt Ct
View Policies Current Attempt in Progress Windsor Industries borrows $18800 at 8% annual interest for six months on October 1, 2022. Which is the appropriate entry to accrue interest if Windsor employs a December 31, 2022, fıscal year? O Dr Interest Expense $1504 Cr Interest Payable $1504 O Dr Interest Expense $376 Cr Interest Payable $376 O Dr Interest Expense $376 Cr Notes Payable $376 O Dr Notes Payable $1504 Cr Interest Payable $1504 Save for Later Attempts: 0 of 1 used Submit Answer
Multiple Choice MC.23-99 Suppose you borrow money from your parents for college tuition on January 1, 2013. Your parents require four annual payments of $1,000 each, with the first payment due on January 1, 2017. They are charging you 6% annual interest. What is the cost of the college tuition? *$2,909.37 *$4,000.00 *$1,593.85 *$2,744.69
L Download Onfo DO Exam Three Practice Exercises (Blank).pptx Page of 6 ZOOM + Pretax financial income $480,000 Estimated litigation expense 189,000 Installment sales (160,000) Taxable income $509,000 The estimated litigation expense of $189,000 will be deductible in 2021 when it is expected to be paid. The profit from the installment sales will be realized in the amount of $80,000 in each of the next two years, estimated Iliability for litigation is classified as noncurrent and the installment accounts receivable are classified as $80,000 current and $80,000 noncurrent. The income tax rate is 30% for all years. Income tax expense 46°F Mostly clear ENG INTL ovo
Question Content Area Scrimiger Paints wants to upgrade its machinery and on September 20 takes out a loan from the bank in the amount of $640,000. The terms of the loan are 3.1% annual interest rate and payable in 8 months. Interest is due in equal payments each month. Question Content Area A. Compute the interest expense due each month. If required, round final answer to two decimal places. $fill in the blank a1966f06806a02f_1 Question Content Area B. Show the journal entry to recognize the interest payment on October 20, and the entry for payment of the short-term note and final interest payment on May 20. If required, round final answers to two decimal places. If an amount box does not require an entry, leave it blank. Oct. 20 - Select - - Select - - Select - - Select - May 20 - Select - - Select - - Select - - Select - - Select - - Select -
A prospective MBA student would like to examine the factors that impact starting salary upon graduation and decides to develop a model that uses program per-year tuition as a predictor of starting salary. Data were collected for 37 full-time MBA programs offered at private universities. The data are stored in the accompanying table. The least-squares regression equation for these data is Y, -13,863.426 +2.437X, and the standard error of the estimate is Syx 15,910.578. Assume that the straight-line model is appropriate and there are no serious violations the assumptions of the least-squares regression model. Complete parts (a) and (b) below. Click the icon to view the data on program per-year tuition and mean starting salary. a. At the 0.01 level of significance, is there evidence of a linear relationship between the starting salary upon graduation and program per-year tuition? Determine the hypotheses for the test. Ho B₁ = 0 H₁ B₁ # 0 (Type integers or decimals. Do not round.) Compute…
V Content Pearson (Assignments) - MA Ô https://www.mathxl.com/Student/PlayerTest.aspx?testld%3D225147196 3 103 Spring 2021 st: Test 2 (Finance) Online nis Question: 1 pt 5 of 19 (1 complete) ▼ How much must be deposited today into the following account in order to have a $135,000 college fund in 11 years? Assume no additional deposits are made. An account with quarterly compounding and an APR of 7.32% Sshould be deposited today. (Do not round until the final answer. Then round to the nearest cent as needed.)
Prince Albert Roman Catholic Separate School Division No. 6Statement of Operations and Accumulated Surplus from Operationsfor the year ended August 31, 2019 2019 2019 2018Budget Actual Actual$ $ $REVENUES(Note 13)Property Taxes and Other Related 2,831,005 2,882,539 1,216,168Grants 26,723,613 26,687,615 28,529,827Tuition and Related Fees 166,707 180,917 210,457School Generated Funds 350,000 1,120,806 987,387Complementary Services (Note 11) 785,980 775,933 776,320Other 71,800 700,358 114,979Total Revenues (Schedule A) 30,929,105 32,348,168 31,835,138EXPENSESGovernance 144,802 163,558 131,686Administration 1,628,935 1,503,201 1,642,800Instruction 22,910,432 23,066,736 23,059,888Plant 4,956,098 5,154,355 4,486,792Transportation 1,789,440 1,994,623 1,981,976School Generated Funds 350,000 1,055,276 883,152Complementary Services (Note 11) 725,479 822,509 762,074Other 84,125 83,765 296,461Total Expenses (Schedule B) 32,589,311 33,844,023 33,244,829Operating Deficit for the Year (1,660,206)…