Assume That a Private University Collects Tuition and Fees at the Beginning

question 11

Multiple Choice

Assume that a private university collects tuition and fees at the beginning of summer school,in which two weeks are offered in the first fiscal year and the remaining six weeks are offered in the second fiscal year.According to the approach recommended by the National Association of College and University Business Officers (NACUBO) ,the university would:

• A)record the collections as a debit to Cash and a credit to Deferred Revenue for the entire amount of the collections.
• B)record the collections as a debit to Cash and a credit to Restricted current revenue for the entire amount of the collections.
• C)account for the entire tuition and fees as revenue in the first fiscal period.
• D)recognize revenue in the first fiscal period for two-eighths of the tuition and fees and record six-eighths of the collections as a deferred revenue.

Describe the process of accommodation and how it differs from assimilation.

Explain the role of schemas in cognitive development according to Piaget.

Identify and differentiate between the sensorimotor sub-stages and their characteristics.

Explain the processes of primary and secondary circular reactions in the sensorimotor stage.

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Definitions:

Sedentary Activities

Activities involving little physical movement, often resulting in low energy expenditure.

Fattening Foods

Foods high in calories and low in nutritional value, often contributing to weight gain and obesity.

Calories

A measure of energy, often used to quantify the energy value of foods and the energy expenditure of physical activities.

Gross Motor Skills

Abilities required to control the large muscles of the body for walking, running, sitting, crawling, and other activities.