Business
Business, 11.01.2020 11:31, anhthule1011

Mountaintop golf course is planning for the coming season. investors would like to earn a 12% return on the company's $45 million of assets. the company primarily incurs fixed costs to groom the greens and fairways. fixed costs are projected to be $20,000,000 for the golfing season. about 400,000 golfers are expected each year. variable costs are about $15 per golfer. mountaintop golf course has a favorable reputation in the area and therefore, has some control over the price of a round of golf. using a cost−plus approach, what price should mountaintop charge for a round of golf?

a. $51.50
b. $78.50
c. $ 0.21
d. $71.00

answer
Answers: 1

Other questions on the subject: Business

image
Business, 22.06.2019 07:50, kristinaholahan
Budget in this final week, you will develop a proposed budget of $150,000 for the first year of the program and complete the final concept paper for the proposed program due for senior management review. the budget should identify the program's anticipated expenses for the year ahead. budget line items should be consistent with the proposed program and staffing plan. using the readings for the week, the south university online library, and the internet, complete the following tasks: create a proposed budget of $150,000 for the first year of the proposed program including the cost for personnel, supplies, education materials, marketing costs, and so on in a microsoft excel spreadsheet. you may transfer your budget to your report. justify the cost for each item of the proposed budget in a budget narrative.
Answers: 2
image
Business, 22.06.2019 19:50, joel4676
The new york company produces high quality chairs. variable manufacturing overhead is applied at a standard rate of $12 per machine hour. each chair requires a standard quantity of six machine hours. production for the month totaled 4,000 units. calculate: the standard cost per unit for variable overhead. select one: a. $130,000 b. $192,000 c. $90,000 d. $100,000
Answers: 2
image
Business, 22.06.2019 21:10, jozlynn
Upon completion of the northwest-corner rule, which source-destination cell is guaranteed to be occupied? a. top-leftb. the cell with the lowest shipping costc. bottom-leftd. top-righte. bottom-right
Answers: 1
image
Business, 23.06.2019 00:10, Frenchfries13
Warren company plans to depreciate a new building using the double declining-balance depreciation method. the building cost $870,000. the estimated residual value of the building is $57,000 and it has an expected useful life of 20 years. assuming the first year's depreciation expense was recorded properly, what would be the amount of depreciation expense for the second year?
Answers: 2
Do you know the correct answer?
Mountaintop golf course is planning for the coming season. investors would like to earn a 12% return...

Questions in other subjects: