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What revenue that belongs to fiscal year ends july is

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Problem 1: The fiscal year of Abott College, a public college, ends July 31. In June 2019 it collects $200 million in tuition and fees for its summer semester that begins on June 1 and ends on August 15. It also collects $280 million for the following fall semester, which begins on September 5th. Faculty salaries applicable to summer session courses are $30 million. Of this amount, $18 million are applicable to June and July and $12 million to August. Revenue that belongs to fiscal year ends July 31 2019 is:

Option 1: 200 million

Option 2: 170 million

Option 3: 160 million

Option 4: 142 million

Reference no: EM132716629

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