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Mountaintop golf course is planning for the coming season. Investors would like to earn a 12% return on the company's $50,000,000 of assets. The company
Mountaintop golf course is planning for the coming season. Investors would like to earn a 12% 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 $25,000,000 for the golfing season. About 440,000 golfers are expected each year. Variable costs are about $19 per golfer. Mountaintop golf course is a price-taker and won't be able to charge more than its competitors who charge $75 per round of golf. What profit will it earn as a percent of assets? 0 A. Profit of (0.72)% Profit of 149.88% Loss of (0.72)% D. Loss of 151.52% B. C. Click to select your
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