Flavio'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. Flavio'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 the amount of total revenue at Flavio's Fitness Club?
Definitions:
Bankruptcy
The state of a person who is unable to pay his or her debts without respect to time; one whose liabilities exceed his or her assets.
Contract Law
The body of law regulating legally binding agreements between parties, specifying the rights and duties that arise from agreements.
Procedural Law
Refers to the part of the legal system that sets out the methods and procedures for enforcing rights and obligations, including the steps for conducting a lawsuit.
Administrative Regulation
Rules and regulations created by administrative agencies to direct the conduct within their specific areas of authority.
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