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

question 182

Multiple Choice

On January 1,Acme 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:

Investment

The allocation of resources, often financial, into assets or projects expected to yield future returns or benefits.

Money Supply

The entirety of assets available in monetary form within an economy's borders at a particular moment, consisting of cash, coinage, and records of balances in savings and checking accounts.

Aggregate Demand

The total amount of goods and services in an economy that will be purchased at all possible price levels in a given period.

Aggregate Supply

Aggregate supply is the total supply of goods and services that firms in a national economy plan to sell during a specific time period, affected by several factors including production costs and labor availability.