As part of a January promotion, Sunland Fitness Ltd. sold six-month memberships to its gym for $240. This also included a personal fitness assessment and training plan. Sunland normally charges $280 for a six-month membership and $70 for a personal fitness assessment and training plan. Using the five-step model, determine the amount of revenue that Sunland would recognize in January, assuming that 380 memberships were sold as part of this promotion and that all of the personal fitness assessments and training plans were completed January. (Round the answer to O decimal places, e.g. 5,275.) Amount of revenue
As part of a January promotion, Sunland Fitness Ltd. sold six-month memberships to its gym for $240. This also included a personal fitness assessment and training plan. Sunland normally charges $280 for a six-month membership and $70 for a personal fitness assessment and training plan. Using the five-step model, determine the amount of revenue that Sunland would recognize in January, assuming that 380 memberships were sold as part of this promotion and that all of the personal fitness assessments and training plans were completed January. (Round the answer to O decimal places, e.g. 5,275.) Amount of revenue
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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am. 111.
Transcribed Image Text:As part of a January promotion, Sunland Fitness Ltd. sold six-month memberships to its gym for $240. This also included a personal
fitness assessment and training plan. Sunland normally charges $280 for a six-month membership and $70 for a personal fitness
assessment and training plan.
Using the five-step model, determine the amount of revenue that Sunland would recognize in January, assuming that 380
memberships were sold as part of this promotion and that all of the personal fitness assessments and training plans were completed in
January. (Round the answer to O decimal places, e.g. 5,275.)
Amount of revenue $
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