Budgeted tuition revenue for the upcoming academic year

Reference no: EM13149410

Altered State University (ASU) is preparing its master budget for the upcoming academic year. Currently, 12,000 students are enrolled on campus; however, the admissions office is forecasting a 5% growth in the student body next year despite a tuition hike to $80 per credit hour. The following additional information has been gathered from an examination of university records and conversations with university officials:

- The average class has 30 students, and the typical student takes 15 credit hours each semester.

- Each class is three credit hours.

- Each faculty member teaches five classes during the academic year.

a. What is the budgeted tuition revenue for the upcoming academic year ?

b. How many faculty members will be needed to teach classes in the upcoming year ?

Reference no: EM13149410

Questions Cloud

How much employee-family spend per year on dental expenses : How much does a typical employee and his or her family spend per year on dental expenses? Construct a 95 percent confidence interval for the population mean. Interpret the interval.

What chamber pumps oxygenated blood to the body : What chamber recieves deoxygenated blood from the body?

Acquisition basis for building : He also gives the sellers $100,000 of marketable securities that he purchased three years ago for $125,000 and paid a finder's fee of $5,000, legal fees of $6,000, and transfer taxes of $12,000. What is William's acquisition basis for the building..

Calculate the correlations between life expectancy : Calculate the correlations between life expectancy and the two measures of GDP per person

Budgeted tuition revenue for the upcoming academic year : What is the budgeted tuition revenue for the upcoming academic year ? How many faculty members will be needed to teach classes in the upcoming year ?

Find kc at 959k : When 1 mol of H2O and 1 mol of CO are placed in an empty 1L reaction vessel at 959K, the equilibrium mixture containes 0.422 mol of water vapor. Find Kc at 959K if the equation is: H2O(g) + CO(g) H2(g) + CO2(g)

Details of income and gift tax effects : At the beginning of 2009, Todd sold the shares for $62,000. Provide the details of both income and gift tax effects for these events.

Difference between a protosomate animal and a deuterostomate : In protosomate development, the first opening in development, the blastopore, becomes its mouth, and the blastopore becomes the animal's anus in deuterostomate development.

What is your expected utility if you reach your sales goal : What is your expected utility if you reach your sales goal 50% of the time? b.Suppose the sales goal was lowered so that you meet it 60% of the time.

User Account

All Pages