Tennis Subscription

Income vs ExpensesPress F5 to see this as a slide show

Words

then Calculation

then Numbers

Income:Casual Fees: $12 x 15 x 52 = $ 9360Club Hire: $250 x 12 = $ 3000Raffles: $120 x 39 = $ 4680(3/4 x 52 weeks = 39 weeks)

Total Income: $17040

Expenses:Wages (were told no to add GST) $25000Machinery $12000 x 1.15 = $13800Power $ 2000 x 1.15 = $ 2300Insurance (GST already incl) $ 800Tennis Ball Machines ?????????

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

Income:Casual Fees: $12 x 15 x 52 = $ 9360Club Hire: $250 x 12 = $ 3000Raffles: $120 x 39 = $ 4680(3/4 x 52 weeks = 39 weeks)

Total Income: $17040

Expenses:Wages (were told no to add GST) $25000Machinery $12000 x 1.15 = $13800Power $ 2000 x 1.15 = $ 2300Insurance (GST already incl) $ 800Tennis Ball Machines $ 3250

Total Expenses: $45150

Expenses = $45150 Income = $17040Subs need to make up the difference:

$45150 - $17040 = $28110When we include profit $8000, the amount to be covered by subs is $36110

Membership: 216 membersNumber of juniors: 1/3 x 216 = 72Number 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 = $237.57Senior sub: $237.57Junior sub: $264.78 / 4 = $ 59.39

Rounding sensibly (for Excellence):

Senior Sub $240Junior 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.