In June 2012, a Public University Bills and Collects $45

question 22

Multiple Choice

In June 2012, 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 and expenses for its year ending June 30, 2012 it should recognize as tuition revenue

• A)$30 million
• B)$45 million
• C)$150 million
• D)$165 million

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Definitions:

Chief Sustainability Officer

A corporate executive responsible for integrating and managing environmental and sustainable practices within an organization.

Environmental Protection Agency

A governmental agency tasked with regulating and enforcing laws aimed at protecting the environment and human health.

Empirical Information

Knowledge or data derived from observation, experimentation, or actual experience, rather than from theory or speculation.

Environmental Risks

Potential threats and adverse impacts to the environment resulting from human activities or natural events.