Top Posters
Since Sunday
j
3
s
3
j
2
J
2
e
2
n
2
t
2
d
2
b
2
t
2
J
2
b
2
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
bernie2981 bernie2981
wrote...
Go to Answer
Posts: 3810
Rep: 26 0
8 years ago
Jean's Fitness Club provides monthly memberships as well as personal training sessions. The personal trainers earn 50% of the revenue for all personal training sessions. The Fitness Club also sells nutrition products. Jean's general ledger accounts indicate the following for the year. The front desk staff wages expense remains the same throughout the year.

Account   Amount   Account   Amount
Membership revenue   $140,000   Personal trainer wages expense   ?
Personal training revenue   $75,000   Space rental expense   $11,000
Product sales   $65,000   Straight line depreciation expense   $6,000
Cost of product sold   $35,000   Rental insurance expense   $3,000
Front desk staff wages expense   $12,000      

If a traditional income statement is prepared for the year, what is operating income?
A) $175,500
B) $245,500
C) $280,000
D) $207,500
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
Author:
Read 190 times
2 Replies
Replies
Answer verified by a subject expert
nucleinuclei
wrote...
#1
Top Poster
Posts: 2158
Rep: 418 0
8 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

bernie2981 Author
wrote...
#2
8 years ago
Wow! Thank you
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  688 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 361
  
 233
  
 387
Your Opinion
Which of the following is the best resource to supplement your studies:
Votes: 365
Previous poll results: What percentage of nature vs. nurture dictates human intelligence?