### What would monthly sales in members and dollars

Assignment Help Accounting Basics
##### Reference no: EM13497042

(a) Suppose that Snap Fitness estimates that each location incurs \$4,000 per month in fixed operating expenses plus \$2,000 to lease equipment. A recent newspaper article describing no-frills fitness centers indicated that a Snap Fitness site might require only 300 members to break even. Using the information provided above, and your knowledge of CVP analysis, estimate the amount of variable costs. (When performing your analysis, assume that the only fixed costs are the estimated monthly operating expenses and the equipment lease.)

(b) Using the information from part (a), what would monthly sales in members and dollars have to be to achieve a target net income of \$10,000 for the month?

(c) Provide five examples of variable costs for a fitness center.

### Previous Q& A

#### Estimate the density of the object

An object weighing325N in air is immersed in water after being tied to a string connected to a balance. The scale now reads265N. Find the density of the object

#### Explain investigation with the carbonic acid carbonate

In your report be sure to compare and contrast the system you used in your investigation with the carbonic acid/carbonate buffer system in the blood.

#### Compute the speed of the water leaving the end of the hose

Water flowing through a garden hose of diameter2.70cm fills a20.0-L bucket in1.30min. What is the speed of the water leaving the end of the hose

#### Determine the maximum potential energy

A 0.6-kg ball is fastened to a spring with a spring constant of 86 N/m and is oscillating horizontally with an amplitude of 0.2 m. What is the maximum potential energy

#### Explain the concentration of soluble iron in the solution

A ferric phosphate solution is prepared by adding 2.4 g of ferric phosphate to a volumetric flask and bringing the final volume to 1 L by adding water having a phosphate concentration of 1 mg *L^-1. What is the concentration of soluble iron in thi..

#### Develop a corporation chart of accounts

Consider the cash flow statement areas of operating, investing, and financing. Given your company type and the debt make-up, discuss the importance of the cash flow statement. What section of the cash flow statement is the most important? Why?

#### Obtain the value of the spring constant

If a 0.9-kg block suspended from the end of a spring oscillates with a frequency of 2.2 Hz, what is the value of the spring constant

#### Determine the initial and final temperatures

A 2.00-mol sample of a diatomic ideal gas expands slowly and adiabatically from a pressure of 5.02 atm and a volume of 12.8 L to a final volume of 29.0 L. What are the initial and final temperatures

#### Describe briefly a technique for determining optimum output

The market for each of the products has improved, however, and the sales director believes that without a change in selling prices, the number of units sold could be increased for each product by the following percentages.

#### Determine the impulse the ball applies to the floor

A 1/2 kg ball is dropped from rest at a point 5m above the floor and bounces back with a speed of 6m/s. And is there a way to determine the impulse the ball applies to the floor

### Similar Q& A

#### Character of foreaker gain

Foreaker LLC sold a piece of land that it uses in its business for \$52,000. Foreaker bought the land two years ago for \$42,500. What is the character of Foreaker's gain?

#### Time and material pricing method

Discuss the time and material pricing method.

#### Operates a store featuring school merchandise it uses an

operates a store featuring school merchandise. it uses an eoq decision model to make inventory decisions. it is

#### Tomar company produces vitamin energy drinksnbspnbspthe

tomar company produces vitamin energy drinks.nbspnbspthe mixing department the first process department mixes the

#### Recording federal income tax transactions and cash

On December 31, 2012, the accountant had estimated the total tax for 2012 to be \$123,600 and had recorded a liability of \$3,600 for federal income tax payable.

#### Retained earnings statement for mcentire corporation

(a) Prepare a 2010 retained earnings statement for McEntire Corporation. (Enter all amounts as positive amounts and subtract where necessary.)

#### Average to break even each week

How many passengers must each of the 70 one-way flights have on average to break even each week?

#### What will be the effect on beiges profits if the division

beige computers operates retail stores in both downtown city and suburban mall location ns. the company has two

#### On november 1 wti agreed to do a special six-month course

on november 1 wti agreed to do a special six-month course starting immediately for a client. the contract calls for a

#### Question san jose company issued 5-year 200000 face value

question san jose company issued 5-year 200000 face value bonds at 105 on january 1 2012. the stated interest rate on

#### Complete paul and judy vance''s 2013 federal income tax retur

Use the following information to complete Paul and Judy Vance's 2013 federal income tax return. If information is missing, use reasonable assumptions to fill in the gaps.

#### Which of the following features of preferred stock makes

which of the following features of preferred stock makes the security more like debt than an equity