Assume Lianna buys coffee beans in a competitive market. It follows that a. Lianna will negotiate with sellers whenever he buys coffee beans. b. Lianna cannot influence the price of coffee beans even if he buys a large quantity of them. c. Lianna has a limited number of sellers from which to buy coffee beans. d. Lianna might have trouble finding coffee beans at his local store.

On january 1, eastern college received $1,350,000 from its students for the spring semester that it recorded in unearned tuition and fees. the term spans four months beginning on january 2 and the college spreads the revenue evenly over the months of the term. assuming the college prepares adjustments monthly, what amount of tuition revenue should the college recognize on february 28?