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Just need some help getting the answers! I will rate! Many thanks and God bless!!! Rolling Hills Golf Course is planning for the coming golfing
Just need some help getting the answers!
I will rate!
Many thanks and God bless!!!
Rolling Hills Golf Course is planning for the coming golfing season. Investors would like to earn a 10% return on the company's $50,000,000 of assets. The company primarily incurs fixed costs to groom the greens and fairways. Fixed costs are projected to be $30,000,000 for the season. About 600.000 rounds of golf are expected to be played each year. Variable costs are about $17 per round of golf . Rolling Hills Golf Course has a favorable reputation in the area and, therefore, has some control over the sales price of a round of golf. Using a cost-plus pricing approach, what sales price should Rolling Hills charge for a round of golf to achieve the desired profit? O A. $67 OB. $33 O c. $75 OD. $50 Titan Metalworks produces a special kind of metal ingots that are unique, which allows Titan to follow a cost - plus pricing strategy. Titan has $10,000,000 of assets and shareholders expect approximately a 10% return on assets. Assume all products produced are sold. Additional data are as follows: Sales volume 350,000 units per year Variable costs $16.00 per unit Fixed costs $1,500,000 per year Using the cost - plus pricing approach, what should be the sales price per unit? (Round your answer to the nearest cent.) O A. $2.86 OB. $16.00 O C. $20.29 OD. $23.14Step by Step Solution
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