Public and private schools, multiple choice. Select the best answer for each of the following multiple-choice items dealing with universities:
For the 20X7 fall semester, Brook Public University assessed its students $4,000,000 (net of refunds), covering tuition and fees for educational and general purposes. However, only $3,700,000 was expected to be realized because tuition remissions of $80,000 were allowed to faculty members’ children attending Brook, and scholarships totaling $220,000 were granted to students. What amount should Brook include in educational and general current funds revenues from student tuition and fees?
a. $4,000,000
b. $3,920,000
c. $3,780,000
d. $3,700,000
Public and private schools, multiple choice. Select the best answer for each of the following multiple-choice items dealing with universities: