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79 Fitness Club provides monthly membership as well as personal training session. The personal trainers earn 50% of the revenue for all personal training session. The79 Fitness Club also sells nutrition products. Jeans general ledger accounts indicate the following for the year. The front desk staff wages expense remains the same throughout the year.
Membership revenue = $140,000 Personal training revenue = $75,000 Product Sales = $65,000 Cost of product sold = $35,000 Front desk staff wages expense = $12,000 Personal trainer wages expense = ? Space rental expense = $11,000 Straight line depreciation expense = $6,000 Rental insurance expense = $3,000 If a contribution margin income statement is prepared for the year, what is total revenue?
what is ordinarily the first step in the formation of a corporation?a. development of by-laws for the corporationb.
market corporation began its business on jan 1 2012. it sold 31 per share 6100 shares of no-par common stock with a
Compute the cost assigned to ending inventory using(1) FIFL, (2) LIFO, (3) specific identification units sold consist of 95 unitsfrom beginning inventory, 175 from a February 10 purchase.
Required: Show the necessary entries in the books of Wilz Ventures Plc.
the following unemployment tax rate schedule is in effect for the calendar year 2014 in state a which uses the reserve
What amount, if any, is disclosed in the balance sheet as a liability for future warranty costs as of December 31, 2008, under each method?D.) which method b
lone star meat packers is a major processor of beef and other meat products. the company has a large amount of t-bone
Preparing a debt amortization schedule for a bond issued at discount. Details: Assume that the bond matures in 12 years with market interest rate at time of issue-10% annually and 5% semiannually. The stated interest rate is 8%. The interest ..
Prepare a journal entry for carlton company sells office equipment on sept.2007, for $21,000 cash. the office equipment originally cost $72,000 and as of Jan.1 2007 had accumulated deprication of $42,000. Depreciation for the first 9 months of 200..
Round-robin brainstorming can be a good technique. Let's say that we were going to incorporate this technique for a brainstorming session for a new client. You're in charge of creating the agenda and contacting the people who will attend the meeti..
In 2013 Conlin suffered a net operating loss of $491,700, which it elected to carry back. The 2013 enacted tax rate is 29%. Prepare Conlin's entry to record the effect of the loss carryback.
Last year, the House of Orange had sales of $826,650, net operating income of $81,000, and operating assets of $84,000 at the beginning of the year and $90,000 at the end of the year. What was the company's turnover rounded to the nearest tenth?
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