A Local Country Club Has a Membership of 600 and Operates

question 261

Multiple Choice

A local country club has a membership of 600 and operates facilities that include an 18-hole championship golf course and 12 tennis courts. Before deciding whether to accept new members,
The club president would like to know how many members regularly use each facility. A survey of
The membership indicates that 57% regularly use the golf course, 48% regularly use the tennis
Courts, and 9% use both of these facilities regularly. Given that a randomly selected member uses
The tennis courts regularly, find the probability that they also use the golf course regularly.

• A).1875
• B).4737
• C).7164
• D).1343

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Definitions:

Management Fees Revenue

Income earned by a company for providing managerial services, which can include advisory, administrative, or general management services.

End-of-Period Adjustment

Adjustments made to the financial records at the end of an accounting period to ensure they accurately reflect the company's financial status.

Prepaid Expense

Expenditures paid in advance for goods or services to be received in the future, treated as an asset on the balance sheet until used.

Cash Payment

A transaction in which money is paid out or expended in the form of physical currency or through electronic funds transfer.