Six-Peak Pools in Montana is open May through September. It has the capability of serving approximately 600
Question:
Six-Peak Pools in Montana is open May through September. It has the capability of serving approximately 600 patrons each day. With kids being in school, May and September are its slowest months and July is the peak. For the upcoming 2010 season, Six-Peak Pools’ management projects the following usage rates:
May . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30%
June . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80
July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .90
August . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75
September . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .20
The admission fees for Six-Peak Pools are as follows:
Adults (12 years and up) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $5
Children (3 to 11 years) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3
Babies (2 and under) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Free
On a typical day, 40% of the patrons are adults, 50% are children, and 10% are babies.
Because Six-Peak Pools only accepts cash and credit cards, its daily admission revenue and daily cash collections are the same.
Required:
Budget the expected monthly sales in admission fees for Six-Peak Pools.
Step by Step Answer:
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain