Prepare an REA diagram for a Fitness Center using the following assumptions. We only offer individual memberships. Each membership costs a client $50 per month. On the first of each month, our Accounts Payable clerk sends to each client a monthly bill for $50. The client is expected to pay the bill within 10 days or the membership will be cancelled. When the check comes in, our Cash Receipts clerk deposits it into our sole bank account. (Hint: Do we need a Resource connected to the Sale event? Do we need a Resource connected to the Cash Receipt event?)

MARKETING 2018
19th Edition
ISBN:9780357033753
Author:Pride
Publisher:Pride
Chapter1: An Overview Of Strategic Marketing
Section1.2: Dollar Shave Club: The Company For Men
Problem 2C
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Prepare an REA diagram for a Fitness Center using the following assumptions. We only
offer individual memberships. Each membership costs a client $50 per month. On the
first of each month, our Accounts Payable clerk sends to each client a monthly bill for
$50. The client is expected to pay the bill within 10 days or the membership will be
cancelled. When the check comes in, our Cash Receipts clerk deposits it into our sole
bank account.
(Hint: Do we need a Resource connected to the Sale event? Do we need a Resource
connected to the Cash Receipt event?)
Transcribed Image Text:Prepare an REA diagram for a Fitness Center using the following assumptions. We only offer individual memberships. Each membership costs a client $50 per month. On the first of each month, our Accounts Payable clerk sends to each client a monthly bill for $50. The client is expected to pay the bill within 10 days or the membership will be cancelled. When the check comes in, our Cash Receipts clerk deposits it into our sole bank account. (Hint: Do we need a Resource connected to the Sale event? Do we need a Resource connected to the Cash Receipt event?)
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