The empty charts and questions following afterwards, for both scenarios.
Scenario 1: Read the following scenario which will be the basis for part one of the assignment: Forrest owns Turkey Creek Country Club in Gainesville, Florida. The current greens fees for playing one round {18 holes) of golf on the course is $175.00 per player. To increase sales, Forrest partners with six different hotels that have created golf packages marketing to their own customers. Each hotel pavs Forrest a different amount for the rounds of golf included in their package. Forrest wants to calculate a net round yield for each hotel using the following formula: Distribution costs = Standard Fee Net Round Fee. New Round Feel Standard Round Fee = Net Golf Round Yield (round to nearest 9:.) Where Standard Fee (-1 Distribution Costs to hotel = Net Golf Round Fee Turkey Creek Weekly Sales Recap: Dist. Costs Net Golf per Hotel Round Yield {D} In Dollars Fill in the empty boxes on the chart with the following information: 1a. Calculate Forrest's average distribution cost for the hotel members. 1b. Calculate Forrest's average net round fee for all hotel members 1c. Calculate Forrest's net revenue for each hotel member. 1d. Calculate the overall average net round fee for the 220 rounds of golf Forrest received during the week from these six hotel channel members. Reect on the data and answer the following question: 1e. Which channells} do vou believe are Forrest's best partners and why? Explain your answer. Scenario 2: Read the following scenario which will be the basis for part two of the assignment: Flo is the managing owner of the \"The K Pound Charburger \"grill at the Gainesville Airport. Her menu is limited. She sells burgers, fries, and drinks. Last week, she served 1400 customers. Most of her guests order at least one burger and a beverage. Some ordered a burger, fries, and a beverage while still others only order fries and a beverage. Some data from last week includes: The WWeeklv Account = 1400 Customers Served Fill in the empty boxes on the chart with the following information: If the item contribution margin is dened as Selling Price H Item Cost: Item Contribution Margin 2a. Calculate the item contribution margin for each item 2b. Calculate the total contribution margin for each item sold 2c. Given the data presented, what is the lowest price at which Flo could sell a burger, fries and beverage combination and still equal the 'per customer' served contribution margin she currently achieve s? \" Hint nd the per customer contribution margin and add that to the total item cost