3 the fitness center sells three types of monthly memberships individual 100 couples 4313370

3 the fitness center sells three types of monthly memberships individual 100 couples 4313370

3.The Fitness Center sells three types of monthly memberships, Individual ($100), Couples ($175) and Family ($250).  In addition, the Center sells one-week passes for $35 each and lifetime individual memberships for $5,000 each.  The Center expects to sell the following number of memberships next year.

Quarter 1

Quarter 2

Quarter 3

Quarter 4

Total

Individual

25

10

12

20

  67

Couple

15

  5

  8

12

  40

Family

10

  3

  6

  8

  27

One-week

30

25

15

30

100

Lifetime

  3

  0

  1

  2

    6

Required:

Prepare a revenue budget.

4.Buck’s Manufacturing Company provides the following information relating to cash outflows:

Production Units

     April

2,500

     May

2,000

     June

2,500

Production cost

$6 per unit, 40% paid in month of production, remainder paid the following month

.

Accounts Payable balance on April 1

$9,000 (all to be paid in April)

Selling and administrative expenses (all paid in cash)

$6,000 per month

Required:

Compute Buck’s budgeted cash outflows for April, May and June.

 

"Get 15% discount on your first 3 orders with us"
Use the following coupon
"FIRST15"

Order Now

Related Posts