On January 1, Southwest College Received $1,200,000 in Unearned Tuition

question 168

Multiple Choice

On January 1, Southwest College received $1,200,000 in Unearned Tuition Revenue from its students for the spring semester, which spans four months beginning on January 2. What amount of tuition revenue should the college recognize on January 31?

• A) $300,000.
• B) $600,000.
• C) $800,000.
• D) $900,000.
• E) $1,200,000.

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Definitions:

Dynamic Balance

The state achieved when a rotating object distributes its mass evenly around its rotation axis, minimizing vibration and improving performance.

Counterweights

Weights used to balance rotating parts in machinery, ensuring smooth operation and reducing vibration.

Out-of-phase

A condition in which two or more periodic signals (waveforms) do not align properly in time, potentially causing interference or reduced performance in systems such as electrical or audio applications.

Slip Splines

Used on a drive shaft (propeller shaft) stub and yoke assembly to permit variations in length caused by frame and suspension oscillations while transmitting drive torque.