Answer:
Net Cash $2,170
Explanation:
Cash Budget for September:
Beginning Balance $6,000
Individual membership fee revenue $1,350
Family membership fee revenue $720
Less:Variable Cost Individual ($25 * 15) $375
Less:Variable Cost Family ($25 * 5) $125
Less:Purchase of Machine $20,000
Less:Fixed cost $41,000
Net Cash $2,170
Individual membership fee revenue
$100 * 90% * 180 = 16,200 per year
16,200 / 12 = 1,350 per month.
Memberships per month = 180/12 = 15
Family membership fee revenue
$160 * 90% * 60 = 8,640 per year
8,640 / 12 = 720 per month.
Memberships per month = 60/12 = 5
