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Tactical Paint runs paint ball game courses. The following information was taken from their Green, Orange and Purple courses for the month of February. A.
Tactical Paint runs paint ball game courses. The following information was taken from their Green, Orange and Purple courses for the month of February.
A. fill missing elements of their income statement.
B. For each of the courses, analyze the financial performance.
C. Identify a limitation of analyzing the information provided.
Tactical Paint | |||
Income Statement | |||
Month Ending February 28, 2022 | |||
Revenues | Green | Orange | Purple |
Greens fees revenue | $ 62,500 | $ 89,000 | $ 42,800 |
Outings Revenue | x | $ 6,000 | $ 28,000 |
Total Revenue | $ 73,500 | $ 95,000 | $ 70,800 |
Expenses | |||
Landscaping | $ 7,800 | $ 14,200 | $ 6,400 |
Wages | $ 43,900 | x | $ 32,600 |
Repairs and Maintenance | $ 5,600 | $ 2,600 | $ 4,400 |
Fuel | $ 3,100 | $ 3,000 | $ 1,980 |
Utilities | $ 1,800 | $ 3,000 | $ 1,650 |
Total Expenses | $ 62,200 | $ 79,100 | $ 47,030 |
Operating Income | $ 11,300 | $ 15,900 | x |
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