Answered step by step
Verified Expert Solution
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:
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
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started