Business, 19.03.2020 21:26, kim643

Mountaintop golf course is planning for the coming season. Investors would like to earn a 12% return on the company's $ 46 comma 000 comma 000 of assets. The company primarily incurs fixed costs to groom the greens and fairways. Fixed costs are projected to be $ 23 comma 000 comma 000 for the golfing season. About 450 comma 000 golfers are expected each year. Variable costs are about $ 19 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 costminusplus approach, what price should Mountaintop charge for a round of golf?

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Mountaintop golf course is planning for the coming season. Investors would like to earn a 12% return...