Jean's Fitness Club Provides Monthly Memberships as Well as Personal

question 42

Multiple Choice

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. If a contribution margin income statement is prepared for the year, what is operating income?

• A)$210,500
• B)$286,000
• C)$173,500
• D)$398,500

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Definitions:

Big Business

Large-scale enterprises or corporations that have substantial influence and power in their industries, the economy, and sometimes politics.

Social Movement

is a collective, organized effort by a large group of people to achieve a specific goal, often related to social change, through various forms of protest, advocacy, and public actions.

Financial Aid

Monetary assistance provided to individuals, especially students, to help cover expenses such as tuition, books, and living costs.

Democratic State

A form of government in which power is held by elected representatives and/or directly by the people, characterized by free and fair elections, and the protection of civil liberties.