Financial Accounting

Your firm, Southern Comfort Corp. (SCC) has $100,000 vested membership fee for its numerous members. The firm additionally has a requirement that members join their lifetime Club whose annual membership fee is $2,000. The fee is expected to increase by 3 percent per year. Disregarding the $100,000 vested membership, assist SCC in determining the following scenarios relative to its member recruitment,. Show your calculations for the scenarios. a. Would you buy a $75,000 lifelong membership to the club that can be passed down to your descendants in perpetuity? You can earn 8 percent on a long-term bank deposit with the same dollar amount, comparatively. Show your work for both scenarios pdf