Tennis Subscription Income vs Expenses Press F5 to see this as a slide show.

Slides:

Advertisements

Similar presentations

1.1A Numeric Reasoning.

Advertisements

Balance Day Adjustments

TREASURER REPORT - FY Feb 15. Scope of report – Change of Treasurer – Presentation of audited financial reports – Presentation of abridged financial.

THE ARKANSAS BASS STATE FEDERATION NATION (ABSFN) IN PARTNERSHIP WITH BASS CAT BOATS THE 2010 BOAT RAFFLE PRESENTS.

Debt Management Lecture No.10 Professor C. S. Park Fundamentals of Engineering Economics Copyright © 2005.

L10: Debt Management ECON 320 Engineering Economics Mahmut Ali GOKCE Industrial Systems Engineering Computer Sciences.

Membership Committee Report May 27, 2009 Brian D. Sieve.

“The Future of Membership Fees” in the 1 st Kirkby Scout Group Extraordinary General Meeting of the Group Scout Council Monday 21 st March 2011.

Frank Wood and Alan Sangster, Frank Wood’s Business Accounting 1, 12 th Edition, © Pearson Education Limited 2012 Slide 36.1 Chapter 36 Receipts and payments.

Accounts of Non-Trading Organisations

Do you have a job during the school year? 1.No. 2.Yes, less than 10 hours per week. 3.Yes, between 10 and 20 hours per week. 4.Yes, 20 or more hours per.

The profit and loss account. The profit and loss account is produced by a business to show:   How much net profit has been made   How much net loss.

Chapter #1. Section #1.1 Compute payroll deductions and net pay. Identify optional and required employee benefits and recognize their value.

Frank Wood and Alan Sangster, Frank Wood’s Business Accounting 1, 12 th Edition, © Pearson Education Limited 2012 Slide 21.1 Chapter 21 Employees’ pay.

NON-PROFIT-MAKING ORGANISATIONS

Small Business Tax Credit For Small Employers Version: October 18,

Small Business Tax Credit For Small Employers Version: August 23,

Clubs and Societies.

1 Managing a Team of Personal Trainers Wendy Sweet Reg Nurse/B.PhEd./P.G. Cert Health Promotion Strategies & Tools To Increase Profits Through Personal.

GOALS BUSINESS MATH© Thomson/South-WesternLesson 7.3Slide 1 7.3Disability Insurance Calculate disability insurance benefits.

Equation Warm Up 9/30/14. The membership fee for joining a sports center is $30. To have a personal trainer, members pay $40 per session and non- members.

Basic Elements of a Business Model In the simplest terms, a Business Model is how a business makes money. This introductory presentation is intended to.

Vail Valley Soccer Club Proposed Budget FY June 1, 2011 to May 31, 2012.

Employee Benefits By Muhammad Zohaib Sufyan SZABIST.

All business will insure their business against loss. This is normally a big expense for a business. It is a contract between 2 parties – the insurer.

Accounting Practices 501 Chapter 14 Cash Budgets (Expenses) Cathy Saenger, Senior Lecturer, Eastern Institute of Technology © Pearson 2011.

Tiburon Peninsula Club 2012 A NNUAL M EETING Financial Review – November 8,

Multi-Sector Pension Plan

The reward for work. How people are paid Salary (stated as yearly earnings but are usually paid monthly) – more likely to be skilled, non-manual occupations.

GBCC Playing Costs How much does it cost?. History At Great Brickhill Cricket Club a number of years ago, due to the arduous task of collecting playing.

A measure of the uncertainty of an investment’s rate of return; possible losses involving income or standard of living; the possibility of a loss from.

 Freddie Mac requires income documentation on all loans submitted for liquidation.  The negotiator is responsible for calculating monthly gross and/or.

Unit 2 Lesson 2 Remediation 1. The Earnings Section The Deduction Section The Personal Information Section  Parts of a paycheck stub.

Money Terminology CALM 11. Income – How much money I take inIncome – How much money I take in Annual Income – How much money I take in over a yearAnnual.

The dinghy is for sale in a boat shop for $2700 but by paying cash Greg can save 20%. 20% of $ ÷ 100 x 2700 = – 540 = 2160 The cash price.

1 Press Ctrl-A ©G Dear 2008 – Not to be sold/Free to use Wages Stage 6 - Year 11 General Mathematics Preliminary.

Understanding Paychecks Where Does Your Money Go?.

1. 2 Sales tax is calculated by finding the percent of the total purchase.

Accounting for Manufacturing Business Lecture 24.

Life Insurance. Today’s Learning Objective How does life insurance work? Life Insurance Basics Calculating Life Insurance Needs Term Life Policies Whole.

Unit 2 Lesson 2 Notes 1 Paystubs Where is my money?

September 7, 2011 Objective: Students will identify how to calculate gross pay and net pay.

Problem Solving with BEDMAS

Creating Charts in PowerPoint. Instructions – Part 1 Create a tile slide with the title “Careers, Education and Salary” and a sub tile with your name.

1 Wages Press Ctrl-A ©2009 – Not to be sold/Free to use Stage 5 Year 9.

AGENDA Apologies Apologies Ratification of Previous Minutes Ratification of Previous Minutes Chairman’s report Chairman’s report Secretary’s Report Secretary’s.

£££ Sales10,000 Less returns inwards150 9,850 Opening Stock350 Purchases1,000 Less returns outwards50950 Closing Stock200 Cost of Goods Sold1,100 Gross.

ISACA London Chapter Financial Statements for the Year Ended 31 December 2000 Treasurer’s Presentation.

Cambridge University Press  G K Powers Earning and managing money Study guide 1.

Learning Objective # 3 Estimate your retirement spending needs. LO#3.

Benefits. The GM Benefits & Services Center is the best source of information for the programs listed below: DISABILITY Sickness & Accident Benefits Extended.

Figuring Your Paycheck Life Choices _____. Introduction Main reason most of us work is to _____ Paychecks are used to pay for _____ Important to know.

BREAK-EVEN (BE) Unit 2 Business Development Finance GCSE Business Studies.

Proposed London IVC resolution for next AIVC conference. Background to the resolutions.

Copyright 2016 © W. Seth Hunter ConsumerMath.org L7.1 Staffing Requirements Calculate staffing requirements for a manufacturing company. How many employees.

Preparing Payroll Time Cards Lesson Paying Employees Salary: money paid for employee services Salary: money paid for employee services Weekly Weekly.

ACC 423 Week 1 DQ 1 Why do companies offer stock options? What is the experience of either your organization or an organization that you are familiar with.

Balance Sheet (income vs. expenditure)

Additional Charges/Services

Tiburon Peninsula Club

Additional Charges/Services

Belgian Sheepdog Club of America Treasurer’s Report

2018/19 Prices & Packaging.

FINANCIAL REPORT for YEAR ENDED 31 DECEMBER 2017

One Ordinary Level Type Q

Affiliation Fee Review

Treasurers Report 2018 Closing Balance 2017 Closing Balance 2018

2019/20 Prices & Packaging.

Membership Profits Business Model WEEK 6 >>> LESSON 1: BUYERS.

Small Business Tax Credit For Small Employers

Presentation transcript:

Tennis Subscription Income vs Expenses Press F5 to see this as a slide show

Words then Calculation then Numbers

Income: Casual Fees:$12 x 15 x 52 = $ 9360 Club Hire:$250 x 12= $ 3000 Raffles:$120 x 39 = $ 4680 (3/4 x 52 weeks = 39 weeks) Total Income: $17040 Expenses: Wages (were told no to add GST) $25000 Machinery$12000 x 1.15= $13800 Power$ 2000 x 1.15= $ 2300 Insurance (GST already incl) $ 800 Tennis Ball Machines?????????

Tennis Ball Machines Cost $AU 1300 each. $1NZ = $0.80 AU so $1 AU = $1 NZ x 5/4 OR $1 US = $1 NZ ÷ 0.80 So $1300 AU = $1300 ÷ 0.75 = $1625 NZ Two Tennis Ball Machines cost $3250 NZ

Income: Casual Fees:$12 x 15 x 52 = $ 9360 Club Hire:$250 x 12= $ 3000 Raffles:$120 x 39 = $ 4680 (3/4 x 52 weeks = 39 weeks) Total Income: $17040 Expenses: Wages (were told no to add GST) $25000 Machinery$12000 x 1.15= $13800 Power$ 2000 x 1.15= $ 2300 Insurance (GST already incl) $ 800 Tennis Ball Machines $ 3250 Total Expenses: $45150

Expenses = $45150 Income = $17040 Subs need to make up the difference: $ $17040 = $28110 When we include profit $8000, the amount to be covered by subs is $36110 Membership: 216 members Number of juniors:1/3 x 216 = 72 Number of seniors:2/3 x 216 = 144 Juniors pay ¼ of the cost of a senior sub so 72 juniors pay the equivalent of 72/4 = 18 seniors. Number of seniors = (ie 72 juniors) = 152 $36110 / 152 = $ Senior sub: $ Junior sub: $ / 4 = $ 59.39

Rounding sensibly (for Excellence): Senior Sub$240 Junior Sub $ 60 For Excellence you must discuss the possible increase in membership. “Up to 10%” was quoted for a possible increase in membership. Look at different options up to 10% and how it will affect the subscriptions.