Question: Barbara Brown signs a one - year contract with Ivanhoe Health Club. The terms of the contract are that Barbara is required to pay a

Barbara Brown signs a one-year contract with Ivanhoe Health Club. The terms of the contract are that Barbara is required to pay a
non-refundable initiation fee of $230 and an annual membership fee of $55 per month. Ivanhoe determines that its customers, on
average, renew their annual membership twice before terminating their membership.
What amount of revenue should Ivanhoe recognize per month? (Round answers to 2 decimal places, e.g.52.75.)
Revenue $, per month
 Barbara Brown signs a one-year contract with Ivanhoe Health Club. The

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