The Bridge in Bridgehampton, N.Y., charged a whopping $750,000 to join, according to a 2007 Wall Street Journal article. Another Hamptons club, Sebonack Golf Club, billed new members for $650,000 when it opened in 2006, Bloomberg reported.
Hence, the revenue cycle actually consists of two major subsystems (assuming sales on credit basis): 1  the sales order processing system and. 2  the account receivable system.
1 This set of sequential, interrelated activities is known as the sales cycle, or revenue cycle. 2  Purchasing cycle. 3  A company issues a purchase order to a supplier for goods, receives the goods, records an account payable, and pays the supplier. A company receives an order from a customer, examines the order for creditworthiness, ships goods or provides services to the customer, issues an invoice, and collects payment. 2  This set of sequential, interrelated activities is known as the sales cycle, or revenue cycle. 3  Purchasing cycle.