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Question - As part of a January promotion, Sarasota Life Fitness Ltd. sold six-month memberships to its gym for $390. This also included a personal fitness assessment and training plan. Active Life normally charges $430 for a six-month membership and $108 for a personal fitness assessment and training plan.
Using the five-step model, determine the amount of revenue that Sarasota Life would recognize in January, assuming that 320 memberships were sold as part of this promotion and that all of the personal fitness assessments and training plans were completed in January.
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
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Distinguish between liquidity and profitability.
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