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a. What is the cash flow break-even point for the golf course? (EBITDA break-even) b. What is the accounting break-even point for the golf course?
a. What is the cash flow break-even point for the golf course? (EBITDA break-even)
b. What is the accounting break-even point for the golf course?
Lane River Golf Club wants to determine how greens fees influence cash flow. The manager of the course has examined their cost structure and has given you the following information: Golf Course Data: Rounds of Golf 41,719.00 Green Fee $40.22 Unit variable cost $4.13 Fixed Cost $1,608,345.00 Depreciation and Amortization $222,660.00
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