Question
Sandy Miley owns Fox Meadows golf club. The current greens fee for playing one round (18 holes) of golf on her course is $75.00 per
Sandy Miley owns Fox Meadows golf club. The current greens fee for playing one round (18 holes) of golf on her course is $75.00 per player. To increase sales, Sandy partners with six different area hotels that have created golf packages marketed to their own hotel customers. Each hotel pays Sandy a different amount for the rounds of golf included in their package. Sandy wants to calculate a net round yield for each hotel using the formulas:
| Fox Meadows Weekly Sales Recap | ||||||
| Source | Standard Fee | Net Round Fee | Dist. Costs | Net Round Yield % | Rounds Sold | Net Revenue |
| Comfort Suites | $ 75.00 | $ 69.00 | $ 6.00 | 92.0% | 20 | $ 1,380 |
| Hampton Inn | $ 75.00 | $ 67.00 | Q3 | 30 | $ 2,010 | |
| Hilton Garden | $ 75.00 | $ 65.00 | Q1 | 30 | $ 1,950 | |
| Springhill | $ 75.00 | $ 61.00 | Q4 | 20 | $ 1,220 | |
| Sheraton | $ 75.00 | $ 60.00 | Q2 | 35 | $ 2,100 | |
| Hyatt Place | $ 75.00 | $ 59.00 | 45 | $ 2,655 | ||
| Total | $ 75.00 | $ | Q5 |
Q1. Distribution cost for Hilton Garden:
Q2. Distribution cost for Sheraton:
Q3.Net round yield % for Hampton Inn:
Q4. Net round yield % for Springhill:
Q5. Total Net Revenue:
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Small Business Management Entrepreneurship and Beyond
Authors: Timothy s. Hatten
5th edition
538453141, 978-0538453141
