Big Blue University has a fiscal year that ends on June 30. The 2022 summer session...

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Big Blue University has a fiscal year that ends on June 30. The 2022 summer session of the university runs from June 8 through July 28. Total tuition paid by students for the summer session amounted to $110,000. 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? 1 Big Blue University has a fiscal year that ends on June 30. The 2022 summer session of the university runs from June 8 through July 28. Total tuition paid by students for the summer session amounted to $110,000. 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? 1

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a The revenue for the fiscal year ending June 30 2022 should be calculated based on the proportion o... View the full answer