Complete Case 9-46 in the textbook

Cases9-46 should be prepared in a Word document with embedded Excel spreadsheets for relevant calculations and supporting schedules. You still need to post your Excel worksheet to show support for your calculations. Note, you must show your work in Excel, which includes providing the formulas in the cells, not just the summary value. You may not earn full points if you do not show your work in detail. Suggestion: To complete ll parts of the problems correctly you should start each assignment with preparing an Excel workbook.

PLEASE show me how to calculate in excel (or the calculation portion) - all other answers i have found do not have any sort of calculations, and those are required for this assignment to have full credit.

Cases City Racquetball Club (CRC) offers racquetball and other physical fitness facilities to its members. There are four of these clubs in the metropolitan area. Each club has between 1,800 and 2,500 members. Revenue is derived from annual membership fees and hourly court fees. The annual membership fees are as follows: Individual. $ 40 Student 25 Family 95 The hourly court fees vary from $6 to $10 depending upon the season and the time of day (prime versus nonprime time). The peak racquetball season is considered to run from September through April. During this period, court usage averages 90 to 100 percent of capacity during prime time (5:00-9:00 p.m.) and 50 to 60 percent of capacity during the remaining hours. Daily court usage during the off-season (i.e., sum- mer) averages only 20 to 40 percent of capacity.Most of CRC's memberships have September expirations. A substantial amount of the cash receipts are collected during the early part of the racquetball season due to the renewal of the annual membership fees and heavy court usage. However, cash receipts are not as large in the spring and drop significantly in the sLunmer months. CRC is considering changing its membership and fee structure in an attempt to change its cash receipts. Under the new membership plan, only an armual membership fee would be charged, rather than a membership fee plus hourly court fees. There would be two classes of membership as follows: Irrdeual ______________________________________________________________________________________________________ use FarrIIy ______________________________________________________________________________________________________________ we The armual fee would be collected in advance at the time the membership application is completed. Members would be allowed to use the racquetball courts as often as they wish during the year under the new plan. All future memberships would be sold underthese new terms. Current memberships would be honored on the old basis rmtil they expire. However, a special promotional campaign would be instituted to atbact new members and to encourage current members to convert to the new membership plan immediately. The annual fees for individual and family memberships would be reduced to 52m and $300, respectively, during the twomonth promotional campaign. In addition, all memberships sold or renewed during this period would be for 15 months rather than the normal oneyear period. Current members also would be given a credit toward the annual fee for the unexpired portion of theirmembership fee, and for all prepaid hourly court fees for league play that have not yet been used. CRC's management estimates that t} to "fill percent of the present membership would continue with the club. The most active members (45 percent of the present membership} would convert immediately to the new plan, while the remaining members who continue would wait until 'reir current memberships expire. Those members who would not continue are not considered active (i.e., they play ve or less times during the year]. Management estimates that the loss of members would be offset fully by new members wirin six months of instituting the new plan. Furthermore, many of the new members would be individuals who would play during nonprime time. Management estimates that adequate court time will be available for all members under the new plan. Ifthe new membership plan is adopted, it would be instituted on February I, well before the sum mer season. The special promotional campaign would be conducted duringiMarch and April. Once the plan is implemented, annual renewal of memberships and payment of fees would take place as each individual or family membership expires. Remind: Your consulting firm has been hired to help CRC evaluate its new fee structure. Write a letter to the club's president answering the following questions. 1. Will City Racquetball Club's new membership plan and fee structure improve its ability to plan its cash receipts? Explain your answer. 1. City Racquetball Club should evaluate the new membership plan and fee structure completely before it decides to adopt or reject it. 0. Identify the key factors that CRC should consider in its evaluation. b. Explain what type of nancial analysis CRC should prepare in order to make a complete evaluation. 3. Explain how City Racquetball Club's cash management would differ from the present if the new membership plan and fee structure were adopted