Winter Sports Rental tracks daily equipment rentals. Saturday shows: ski sets 22 at $45 each, snowboards 16 at $40 each. The rental revenue: a) $1,630 b) $1,620 c) $1,640 d) $1,610
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- Service Industry AccountingThe Spectrum Fitness Club charges a nonrefundable annual membership fee of $1,200 for its services. For this fee, each member received a fitness evaluation (value $200), a monthly magazine (annual value $25), and two hours’ use of the equipment each week (annual value $1,100). Each of the three elements of the annual membership can be purchased separately. The initial direct costs to obtain the membership are $180. The direct cost of the fitness evaluation is $100, and the monthly direct costs to provide the other services are estimated to be $25 per person. Give the journal entries to record the transactions in 2019 relative to a membership sold on May 1, 2019.please sovle thesWant Answer
- GENERAL ACCOUNTING: 5 MARKS CRYSTAL SPRINGS OBSERVATORY TELESCOPE TIME ALLOCATION: RESEARCH: 50% OF AVAILABLE HOURS PUBLIC VIEWING: 30% OF REMAINING MAINTENANCE: 25% OF REMAINING AFTER PUBLIC VIEWING PRIVATE BOOKINGS: ALL REMAINING TIME FOR 240 MONTHLY HOURS, CALCULATE PRIVATE BOOKING HOURS.?? Financial accounting questions
- Silver Cloud Computing purchased office equipment for $75,000 with a trade discount of 12% and cash discount terms of 2/10, n/30. If they pay within the discount period, calculate the final payment amount. Calculate the final payment amountMortgage Investor Group opening an office in Portland, OregonFixed monthly costs are office rent ($8,900) , depreciation on office furniture (1, 800), utilities ($2,200), special telephone lines ($1,000), a connection with an online brokerage service ($2,700) , and the salary of a financial planner ($4,400). Variable costs include payments to the financial planner (9% of revenue), advertising (11% of revenue), supplies and postage (4% of revenue) and usage fees for the telephone lines and computerized brokerage service (6% of revenue). Requirement 4. Suppose that the average revenue Mortgage earns increases to $1.500 per trade. The new breakeven point trades. How does the affect the break even point? Unber new assumptions, Mortage must make ____________ trades to breakevenMortgage Investor Group opening an office in Portland, OregonFixed monthly costs are office rent ($8,900) , depreciation on office furniture (1, 800), utilities ($2,200), special telephone lines ($1,000), a connection with an online brokerage service ($2,700) , and the salary of a financial planner ($4,400). Variable costs include payments to the financial planner (9% of revenue), advertising (11% of revenue), supplies and postage (4% of revenue) and usage fees for the telephone lines and computerized brokerage service (6% of revenue).