Mendenhove Personal training revenue Produd $143.000 Penalt $76.000 OA $214,000 OB $363.000 Cost of product s Fort de suf wagen expense a contribution margin income statement is prepared for the ye $35.000 Rantal insurance expense $13,000
Mendenhove Personal training revenue Produd $143.000 Penalt $76.000 OA $214,000 OB $363.000 Cost of product s Fort de suf wagen expense a contribution margin income statement is prepared for the ye $35.000 Rantal insurance expense $13,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question

Transcribed Image Text:Jear's Finess Club provides monthly memberships as well as personal training sessions. The personal trainers eam 50% of the revenue for all personal training sessions. The Feness Club also
sels nutrition products. Jean's 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
Amount
$143.000
$76.000
$60.000
$35.000
$13,000
OA $214,000
OB. $393,000
OC. $181,000
OD. $287.000
Account
Personal trainer wages expense
Space rental expense
Straight line depreciation expense
Rental insurance expense
Cost of product sold
Front desk staff wages expense
If a contribution margin income statement is prepared for the year, what is operating income?
Anount
$11,000
$4,000
$3,000
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