Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following information is from Bluff Run Golf Courses. The company runs three courses and the July income statement for each course is as follows:

image text in transcribed

The following information is from Bluff Run Golf Courses. The company runs three courses and the July income statement for each course is as follows: A. Find the missing value for outings revenue, wages, and operating income. BLUFF RUN GOLF COURSES Income Statement Month Ending July 31, 2018 Blue Course Black Course Gold Course Greens fees revenue $62,500 $89,000 $42,700 Outings revenue 6,000 27,000 Total revenue $72,700 $95,000 $69,700 Expenses: Landscaping $7,800 $14,200 $6,400 Wages 43,900 32,600 Repairs and maintenance 5,600 2,600 4,500 Fuel 3,000 1,970 Utilities 3,100 1,800 $62,200 3,000 1,600 Total expenses $78,100 $47,070 Operating income $10,500 $16,900 B. Rank the courses in order of profitability, using dollars. C. Rank the courses in order of profitability, using percentages. Gold Course is highest, Black Course next, Blue Course least. Blue Course is highest, Black Course next, Gold Course least. Black Course is highest, Gold Course next, Blue Course least. Black Course is highest, Blue Course next, Gold Course least

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

How To Audit The Process Based QMS

Authors: Dennis R. Arter, Charles A. Cianfrani, Jack West

1st Edition

ISBN: 0873895770, 978-0873895774

More Books

Students also viewed these Accounting questions

Question

f a B 1 x 8 Type an exact answer using radicals as needed CIL 6 1

Answered: 1 week ago

Question

Which form of proof do you find least persuasive? Why?

Answered: 1 week ago