User Account

All Pages

Discuss net position for the fiscal year ending june

Assignment Help Accounting Basics
Reference no: EM131796380

In June 20152018, a public university bills and collects $45 million in tuition for the summer semester that runs from June 1 through July 15. In addition, in May and June it bills $300 million for the fall semester that runs from September 1 through December 15. Of this amount it collects only $120 million (expecting to collect the balance prior to September 1). In its statement of revenues, expenses, and changes in net position for the fiscal year ending June 30, 2015 2018 it should recognize as tuition revenue

a) 30 million

b)$45 million

c)$150 million

d)$165 million

 

Reference no: EM131796380

Questions Cloud

Calculate accumulated depreciation over given period : The asset is sold at the end of six years for $4,183. Calculate accumulated depreciation over 6 years. Round the answer to two decimals.
Which course of action will produce the highest net income : Compute the net income that would result from each of the independent actions. Which course of action will produce the highest net income
Explain why this is an incorrect interpretation : Rodents A scientist is interested in studying the effects that applying pesticide to crops has on the local rodent population.
Project lessons learned and project retrospectives : What are the distinguishing characteristics between project lessons learned and project retrospectives?
Discuss net position for the fiscal year ending june : In its statement of revenues, expenses, and changes in net position for the fiscal year ending June 30
Calculate gain or loss on disposal : Genetic Insights Co. purchases an asset for $18,864. This asset qualifies as a seven-year recovery asset under MACRS. The seven-year fixed depreciation.
What is the amount of cash that shin company receives today : The present value factor for 4 periods, 6% is 0.7921. What is the amount of cash that Shin Company receives today
Discuss what should be the adjusted balance of allowance : What should be the adjusted balance of Allowance for Doubtful Accounts at December 31, 2012
What is the expected rate at which the firm could grow : Suppose another lender allows a maximum debt-to-equity ratio of 2.5, with an interest rate of 9% and a standard deviation of 4%.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd