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Artist 52 [7]
3 years ago
5

Willow Golf Course is planning for the coming golfing season. Investors would like to earn a 15% return on the company's $58,000

,000 of assets. The company primarily incurs fixed costs to groom the greens and fairways. Fixed costs are projected to be $30,000,000 for the season. About 600,000 rounds of golf are expected to be played each year. Variable costs are about $17 per round of golf. Willow golf course is a price-taker and will not be able to charge more than its competitors, who charge $75 per round of golf. Compute the operating profit that will be earned.
Business
1 answer:
Ira Lisetskai [31]3 years ago
3 0

Answer:

The operating profit is $4,800,000

Explanation:

We know that,

The operating profit would equal to

= Sales - variable cost - fixed expenses

where,

Sales = Number of rounds of golf × selling price per unit

         = 600,000 rounds × $75

         = $45,000,000

Variable cost = = Number of rounds of golf × selling price per unit

                          = 600,000 rounds × $17

                          = $10,200,000

And, the fixed expenses is $30,000,000

Now put these values to the above formula  

So, the value would equal to

= $45,000,000 - $10,200,000 - $30,000,000

= $4,800,000

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I need to know, which type of LLC/Corp I need to form, to trade stocks..
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Which common saying best captures the concept of incentives (specifically, positive and negative incentives), which is one of th
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Answer:

If the carrot doesn't work, try the stick.

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Try the stick refers to offering promotions or positive incentives like discounts or larger packs.

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Suppose you use your entrepreneurial spirit and economics training to start your own business. In your first year of work, you a
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The  total amount of social insurance taxes you owe the federal government is $3,596.

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Social insurance taxes=Social security tax rate× Gross income

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