The budgeted expenses for the club for the current Oct 2023 to Sep 2024

Lease payments $300,000

Deprecia4on $25,000

Salaries $160,000

Other fixed operating expenses $50,000

Variable operating expenses 1% of revenue

Variable marketng expenses 1% of revenue

calculate sales revenue and operatng profit and budget for Oct 2023 to Sep 2024?

note

1- (ForOptimisticscenario Pessimistic scenario .

Number of new member enrolments each month from October 2023 to March 2024 that mean people who enrol in October for example family will pay full amount (2400) because thay enroll for full year and people who enrol in November will pay less because he is not bay full amount he pay for what they pay is (2400/12montha)=200 … what they pay is 2400-200=2200

And so one for all student , individual , family Optimistic scenario Pessimistic scenario.

So we need to calculate for each months)

2- membership fees was offered during the promo4onal campaign as follows: Individual membership: $1,000 , student 1000and family membership: $2,000.

 

 

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For the start of the new membership year commencing October 2023, Brisbane Badminton Club is considering introducing a new membership and fees structure. Under the new membership plan, only an annual membership fee would be charged, rather than a membership fee plus hourly facilities usage fees. The predicted membership composition and planned annual membership fees for the upcoming membership year is as follows: Membership category % of total members Annual membership fees ($) Individual membership $1,200 Student membership $1,080 Family membership $2,400 25% 25% 50% The annual membership fees would be collected in advance at the time of member enrolments. Members would be allowed to use the club facilities as often as they wished For the start of the new membership year commencing October 2023, Brisbane Badminton Club is considering introducing a new membership and fees structure. Under the new membership plan, only an annual membership fee would be charged, rather than a membership fee plus hourly facilities usage fees. The predicted membership composition and planned annual membership fees for the upcoming membership year is as follows: Membership category % of total members Annual membership fees ($) Individual membership $1,200 Student membership $1,080 Family membership $2,400 25% 25% 50% The annual membership fees would be collected in advance at the time of member enrolments. Members would be allowed to use the club facilities as often as they wished

Answer rating: 100% (QA)

To calculate the sales revenue and operating profit for each month from October 2023 to September 2024 we need to consider the optimistic and pessimistic scenarios for the number of new member enrollm... View the full answer