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.
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- Assignment 12-37Please give answer within 45 min I will give u upboat.....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
- 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.Give answer within 45min I will give you up boat it's urgent......The assignment of accounts receivable journal entries are based on the following information:1. Accounts receivable 50,000 on 45 days terms2. Assignment fee of 1% (500)3. Initial advance of 80% (40,000)4. Cash received from customers 6,0005. Interest on advances at 9%, outstanding on average for 40 days (40,000 x 9% x 40 / 365 = 395) For each of the transactions above, create a journal. You can use either Excel or Word for this assignment
- On October 1, Eli's Carpet Service borrows $125,000 from First District Bank on a 3-month, $125,000, 8% note. What entry mnust Eli's Carpet Service make on December 31 before financial statements are prepared? Select one: a. Interest Expense........ 10,000 19,000 Interest Payable b. Interest Payable..... Interest Expense 2,500 2,500 2,500 C. Interest Expense..... Interest Payable... 2,500 d. Interest Expense.... 2,500 Notes Payable.. 2,500AssignmentFor 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)
- Wisconsin Bank lends Local Furniture Company question 40 attached in sss below thanks for help prwhpwohkwtphowkp wtwCreate accounts receivable journal entries are based on the following information for each transaction 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)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