Jean's Fitness Club provides monthly memberships as well as personal training sessions. The personal trainers earn 50% of the revenue for all personal training sessions. The Fitness Club also sells nutrition products Jear general ledger accounts indicate the following for the year. The front desk staff wages expense remains the same throughout the year Account Membership revenue Personal training revenue Product sales Cost of product sold Front desk staff wages expense If a traditional income statement is prepared for the year, what is operating income? OA $204,000 OB. $212.000 OC. $267.000 OD. $175,000 Amount $141,000 $80,000 $66,000 $35,000 $17,000 Account Personal trainer wages expense Space rental expense Straight line depreciation expense Rental insurance expense CHC Amount 7 $11,000 $6,000 $3,000
Jean's Fitness Club provides monthly memberships as well as personal training sessions. The personal trainers earn 50% of the revenue for all personal training sessions. The Fitness Club also sells nutrition products Jear general ledger accounts indicate the following for the year. The front desk staff wages expense remains the same throughout the year Account Membership revenue Personal training revenue Product sales Cost of product sold Front desk staff wages expense If a traditional income statement is prepared for the year, what is operating income? OA $204,000 OB. $212.000 OC. $267.000 OD. $175,000 Amount $141,000 $80,000 $66,000 $35,000 $17,000 Account Personal trainer wages expense Space rental expense Straight line depreciation expense Rental insurance expense CHC Amount 7 $11,000 $6,000 $3,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Jean's Fitness Club provides monthly memberships as well as personal training sessions. The personal trainers earn 50% of the revenue for all personal training sessions. The Fitness Club also sells nutrition products Jears
general ledger accounts indicate the following for the year. The front desk staff wages expense remains the same throughout the year.
Account
Membership revenue
Personal training revenue
Product sales
Cost of product sold
Front desk staff wages expense
If a traditional income statement is prepared for the year, what is operating income?
OA $284,000
OB. $212,000
OC. $287.000
OD. $175,000
Amount
$141,000
$80,000
$66,000
$35,000
$17,000
Account
Personal trainer wages expense
Space rental expense
Straight line depreciation expense
Rental insurance expense
Amount
2
$11,000
$8,000
$3,000
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