Western State University WSU is preparing its master budget for the upcoming academic year. Currently, students are enrolled
on campus; however, the admissions office is forecasting a percent growth in the student body despite a tuition hike to $ 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 tuitionfree scholarships.
The average class has students, and the typical student takes 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.
