11.<\/p>
Flavios Fitness Club provides monthly memberships as well as personal training sessions. The <\/p>
personal trainers earn 50% of the revenue for all personal training sessions. The Fitness <\/p>
Club also <\/p>
sells nutrition products. Flavios general ledger accounts indicate the following for the <\/p>
year. The <\/p>
front desk staff wages expense remains the same throughout the year.<\/p>
Account<\/p>
Amount<\/p>
Account<\/p>
Amount<\/p>
Membership revenue<\/p>
$125,000 <\/p>
Personal trainer wages expense<\/p>
? <\/p>
Personal training revenue<\/p>
$60,000 <\/p>
Space rental expense<\/p>
$12,000<\/p>
Product sales<\/p>
$65,000 <\/p>
Straight line depreciation expense<\/p>
$6,000 <\/p>
Cost of product sold<\/p>
$40,000 <\/p>
Rental insurance expense<\/p>
$3,000 <\/p>
Front desk staff wages <\/p>
expense<\/p>
$12,000 <\/p>
If a contribution margin income statement is prepared for the year, what is the amount of total <\/p>
revenue?<\/p>", "transcribed_text": "", "related_book": { "title": "Entrepreneurial Finance", "isbn": "1305968352, 978-1337635653, 978-1305968356", "edition": "6th edition", "authors": "J. Chris Leach, Ronald W. Melicher", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/1482.jpg", "uri": "\/textbooks\/entrepreneurial-finance-6th-edition-1482", "see_more_uri": "" }, "free_related_book": { "isbn": "1510414053", "uri": "\/textbooks\/caribbean-primary-mathematics-book-2-6th-edition-978-1510414051-271460", "name": "Caribbean Primary Mathematics Book 2", "edition": "6th Edition" }, "question_posted": "2024-06-28 05:40:59", "see_more_questions_link": "\/study-help\/questions\/business-economics-2023-September-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/list-the-major-components-of-the-financial-section-of-a", "description": "List the major components of the financial section of a comprehensive annual financial report.", "stars": 3 }, { "url": "\/study-help\/psychology\/3-how-effective-is-the-one-size-fits-all-approach-1982390", "description": "3. How effective is the one size fits all approach to offender rehabilitation? Has programme accreditation been successful in the aim of reducing recidivist behaviour?", "stars": 3 }, { "url": "\/how-does-the-planning-of-fixed-overhead-costs-differ-from", "description": "How does the planning of fixed overhead costs differ from the planning of variable overhead costs?", "stars": 3 }, { "url": "\/study-help\/questions\/please-explain-your-answer-no-code-needed-just-give-the-9855272", "description": "Please explain your answer, no code needed just give the algorithm(steps) Thank you so much (2-D maximum-sum subarray) (30 points) In the 2-D Maximum-Sum Subarray Problem, you are given a...", "stars": 3 }, { "url": "\/study-help\/questions\/red-credit-accounts-cash-accounts-receivable-prepaid-insurance-office-supplies-6991400", "description": "red Credit Accounts Cash Accounts Receivable Prepaid Insurance Office Supplies Building Accumulated Depreciation-Building Equipment Accumulated Depreciation Equipment Land Accounts Payable Salaries...", "stars": 3 }, { "url": "\/study-help\/questions\/consider-the-employee-database-schema-shown-in-figure-46-write-711570", "description": "Consider the EMPLOYEE database schema shown in Figure 4.6. Write PHP code to create the tables of this schema. Figure 4.6: A specialization lattice with shared subclass ENGINEERING_MANAGER. EMPLOYEE...", "stars": 3 }, { "url": "\/study-help\/questions\/function-develop-a-userdefined-function-named-color2resist-to-convert-a-711955", "description": "When reading a resistor's color bands: The first two colored bands, pulled from Table 1, represent the first and second digits of the resistance, respectively The third colored band, pulled from...", "stars": 3 }, { "url": "\/study-help\/questions\/8-consider-a-cantilever-viewing-platform-extending-over-the-rim-5117246", "description": "8. Consider a cantilever viewing platform extending over the rim of a cliff as shown below. In an unsafe situation, the platform would pivot about the cliff's edge. Without fixing bolts, what is the...", "stars": 3 }, { "url": "\/study-help\/questions\/apple-is-delaying-its-plan-to-use-neuralmatchlinks-to-an-712586", "description": "Apple is delaying its plan to use neuralMatchLinks to an external site. technology to scan US iPhones for child pornography and child abuse. Currently, Apple uses end-to-end encryption to ensure...", "stars": 3 }, { "url": "\/study-help\/questions\/you-use-tableau-for-a-project-about-spacecraft-trajectories-you-1233391", "description": "You use Tableau for a project about spacecraft trajectories. You drag the Spacecraft field onto a shelf, selecting a specific craft. This enables you to monitor the trajectories that will be most...", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/at-the-end-of-its-first-year-the-trial-balance-4247846", "next": "\/study-help\/questions\/you-have-recently-completed-your-bachelor-of-business-degree-4247848" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Accounting", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-accounting" }, { "name": "11. Flavios Fitness Club provides monthly memberships as well as personal training", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/11-flavios-fitness-club-provides-monthly-memberships-as-well-as-4247847" } ], "skill_details": { "skill_id": "9", "skill_name": "Accounting", "parent_id": "1" } }: "1" } }