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Please fill in the 3 blanks in the spreadsheet and then answer the two following question. The following information is from Bluff Run Golf Courses.
Please fill in the 3 blanks in the spreadsheet and then answer the two following question.
The following information is from Bluff Run Golf Courses. The company runs three courses and the July income statement for each course is as follows:
A. Find the missing value for outings revenue, wages, and operating income.
BLUFF RUN GOLF COURSES | ||||||
Income Statement | ||||||
Month Ending July 31, 2018 | ||||||
Blue Course | Black Course | Gold Course | ||||
Greens fees revenue | $62,500 | $89,000 | $42,900 | |||
Outings revenue | fill in the blank | 6,000 | 27,000 | |||
Total revenue | $74,100 | $95,000 | $69,900 | |||
Expenses: | ||||||
Landscaping | $7,800 | $14,200 | $6,500 | |||
Wages | 43,900 | fill in the blank | 32,700 | |||
Repairs and maintenance | 5,600 | 2,600 | 4,500 | |||
Fuel | 3,100 | 3,000 | 1,970 | |||
Utilities | 1,800 | 3,000 | 1,600 | |||
Total expenses | $62,200 | $79,200 | $47,270 | |||
Operating income | $11,900 | $15,800 | $fill in the blank |
B. Rank the courses in order of profitability, using dollars.
C. Rank the courses in order of profitability, using percentages.
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