Question
Anthony Herrera recently fulfilled his long-time dream of opening a gym that offers spinning exercise classes for $5.50 per person. To differentiate his gym and
Anthony Herrera recently fulfilled his long-time dream of opening a gym that offers spinning exercise classes for $5.50 per person. To differentiate his gym and better serve his clients, Anthony provides a towel, a bottle of water, and an after-workout protein shake to each person participating in a class, at a cost of $2.56 per person. Anthony employs three part-time instructors and pays them each $1,290 per month. He also pays himself a monthly salary of $4,392. Anthonys other monthly costs are $1,638 for rent, $1,310 for depreciation on his 30 bikes, and $1,928 in utilities and insurance.
Prepare Anthonys monthly contribution format income statement assuming he teaches 5,204 clients.
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