The budgeted expenses for the club for the current Oct 2023 to Sep 2024 Lease payments $300,000
Question:
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.
Managerial Accounting Creating Value in a Dynamic Business Environment
ISBN: 978-0078025662
10th edition
Authors: Ronald Hilton, David Platt