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

2. Words then Calculation then Numbers

3. 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?????????

4. 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

5. 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

6. Expenses = $45150 Income = $17040 Subs need to make up the difference: $45150 - $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 = 144 + 18 (ie 72 juniors) = 152 $36110 / 152 = $237.57 Senior sub: $237.57 Junior sub: $264.78 / 4 = $ 59.39

7. 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.