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Dockside Rowers Club disclosed the following data for the 2017/18 financial year:
Days Open 361
Financial members 900
Average % of members in attendance daily 15%
Total visitors for the year 4,200
Visitors accompanied by members 1,950
Net Trading Surplus for the year $ 200,000
Required:
Problem 1: Calculate the proportion of the receipts that would be deemed to be from non-members.
Power dyne Company's cost of goods sold is consistently 60% of sales. The company plans to carry ending merchandise inventory for each month equal to 40%.
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