?? Assignment 12-37: Financial AccountingEmerald Valley Golf Club's progressive membership data isgiven.First 50 members: Full rateNext 75 members: 10% discountNext 100 members: 15% discountBeyond 225: 20% discountWith $1,200 full rate and 280 members, calculate totalrevenue.

Step 1: DefinitionsRevenue - Revenue is the total income generated from the sale of goods or…

Answered: Assignment 12-37: Financial Accounting…

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter8: Liabilities And Stockholders' Equity

Section: Chapter Questions

Problem 8.8.4MBA

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Download the attached Excel file (First Q Profits Report W Goal Seek_Ver2.xlsx). Instructions: . There are 3 Worksheet Tabs in this Excel file; First Q, First Q Goal Seek, and Minivan Loan. • The First Q (First Quarter) tab shows the first quarter revenue and expenses of the Downtown Internet Cafe. For this tab, • Complete the Proportion column, cells G7 through G11 Each proportion value shows the % of the quarterly sale of that item over the entire sale. Calculate the Net Income row, cells B24 through F24. o Compute the Profit Margin row, Cells B25 through E25. o Add Net Income Sparkline for January through March in Cell H24. in For this tab
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Golden Gate Fitness tracks monthly memberships. March report: new members 45 at $60 each, renewals 85 at $50 each. Present membership the total General Accounting Problem revenue.
For each of the transactions below, create a journal? The assignment of accounts receivable journal entries are based on the following information: Accounts receivable 50,000 on 45 days terms Assignment fee of 1% (500) Initial advance of 80% (40,000) Cash received from customers 6,000 Interest on advances at 9%, outstanding on average for 40 days (40,000 x 9% x 40 / 365 = 395)
What are the process from note on July 1?
Mutiple choice: A hospitality company is the maker of an $18,000 note to be paid in quarterlyinstallments of $3,000 each. The first payment is to be made on June 30. How willthe note be represented on the balance sheet for May 31? A. $18,000 long-term liabilityB. $3,000 expense, $15,000 long-term liabilityC. $3,000 expense, $9,000 current liability, $6,000 long-term liabilityD. $12,000 current liability, $6,000 long-term liability
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24. SIMPLE DISCOUNT RATE A plumbing contractor receives proceeds of $4713.54 on a 12.5% simple discount note with a face value of $5000. Find the time of the note in days.
Please given answer general accounting

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Assignment 12-37: Financial Accounting Emerald Valley Golf Club's progressive membership data is given. First 50 members: Full rate Next 75 members: 10% discount Next 100 members: 15% discount Beyond 225: 20% discount With $1,200 full rate and 280 members, calculate total revenue.