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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. Complete the missing elements of their income statement.
Tactical Paint | |||
Income Statement | |||
Month Ending February 28, 2022 | |||
Revenues | Green | Orange | Purple |
Greens fees revenue | $ 62,500 | $ 89,000 | $ 42,800 |
Outings Revenue | $ 6,000 | $ 28,000 | |
Total Revenue | $ 73,500 | $ 95,000 | $ 70,800 |
Expenses | |||
Landscaping | $ 7,800 | $ 14,200 | $ 6,400 |
Wages | $ 43,900 | $ 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 |
B. For each of the courses, analyze the financial performance.
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