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SSAY. Write your answer in the space provided or on a separate sheet of paper. 1) Stoneycreek golf course is planning for the coming season
SSAY. Write your answer in the space provided or on a separate sheet of paper. 1) Stoneycreek golf course is planning for the coming season Investors w would like to earn a 12 % return on the company's $40 million of assets. The company primarily incurs fixed costs to groom the greens and fairways. Fixed costs are projected to be $20 million for the golfing season. About 500,000 golfers are expected each year Variable costs are about $12 per golfer. Stoneycreek golf course is a price-taker and won't be abl more than S60 per round because of local competition What will Stoneycreek's revenue be at a market price of $60/round
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