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Western State University (WSU) is preparing its master budget for the upcoming academic...

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Accounting

Western State University (WSU) is preparing its master budget for the upcoming academic year. Currently, 12,500 students are enrolled
on campus; however, the admissions office is forecasting a 4 percent growth in the student body despite a tuition hike to $90 per
credit hour. The following additional information has been gathered from an examination of university records and conversations with
university officials:
WSU is planning to award 180 tuition-free scholarships.
The average class has 20 students, and the typical student takes 15 credit hours each semester. Each class is three credit hours.
WSU's faculty members are evaluated on the basis of teaching, research, and university and community service. Each faculty
member teaches five classes during the academic year.
Required:
Prepare a tuition revenue budget for the upcoming academic year.
Determine the number of faculty members needed to cover classes.
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