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Rocky Pines golf course is planning for the coming season. Investors would like to earn a 12% return on the to be $22,000,000 for the
Rocky Pines golf course is planning for the coming season. Investors would like to earn a 12% return on the to be $22,000,000 for the golfing season. About 450,000 golfers are expected each year. Variable costs are round of golf. Using a cost-plus approach, what price should the course charge for a round of golf? (Round OA. $19.00 OB. $80.96 OC. $121.96 OD. $67.89 . Investors would like to earn a 12% return on the company's $49,000,000 of assets. The company primarily incurs fixec olfers are expected each year. Variable costs are about $19 per golfer. Rocky Pines golf course has a favorable reputati ould the course charge for a round of golf? (Round the final answer to the nearest cent.) 000 of assets. The company primarily incurs fixed costs to groom the greens and fairways. Fixed costs are projected Rocky Pines golf course has a favorable reputation in the area and therefore, has some control over the price of a the nearest cent.)
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