The Following Information Was Derived from the Accounts and Records

question 25

Essay

The following information was derived from the accounts and records of Mockingbird State University for 20X3. All amounts are in thousands of dollars.
$\begin{array}{llr} \text { Tuition and fees} &\\ \text { Total assessed} &\$4,000\\ \text { Expected uncollectible} &80\\ \text { Appropriations} &\\ \text { State.} &800\\ \text { Auxiliary enterprises } &\\ \text { Sales. } &500\\ \text { Salaries} &280\\ \text { Other expenses } &140\\ \text { Endowment income} &\\ \text { Restricted to research} &370\\ \text { Private gifts and grants } &\\ \text { Restricted to student scholarships } &200\\ \text { Restricted to plant expansion} &2,000\\ \text { Unrestricted } &180\\ \text { Expenses: } &\\ \text {Instruction } &3,100\\ \text {Research } &600\\ \text { Student services } &220\\ \text { Institutional support } &190\\ \text { Operation of plant } &180\\ \text { Mortgage payment \( \$ 10,000 \) interest } &15\\ \text {Scholarships allowances } &200\\ \text { Net positon, January 1, \( 20 \times 3 \)} &3,827\\\end{array}$
Mockingbird State University reports as a special purpose government engaged only in business-type activities.
Requirement: Prepare a statement of revenues, expenses, and changes in net position for Mockingbird State University for 20X3.

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Definitions:

Strategic Contingencies

Critical factors that organizations must address to adapt and succeed in a changing environment.

Strong Effect

A significant impact or influence that a variable or factor has on a particular outcome or result.

High N Pow

High N Pow, or high need for power, refers to an individual's desire to influence, control, or have authority over others.

Strategic Contingencies

Critical factors or events that must be addressed in strategic planning to ensure an organization can achieve its goals and respond to changes in the environment.