1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
AlladinOne [14]
3 years ago
7

Rolling Hills Golf Course is planning for the coming golfing season. Investors would like to earn a ​% return on the​ company's

of assets. The company primarily incurs fixed costs to groom the greens and fairways. Fixed costs are projected to be for the season. About rounds of golf are expected to be played each year. Variable costs are about per round of golf. Rolling Hills Golf Course has a favorable reputation in the area​ and, therefore, has some control over the sales price of a round of golf. Using a costplus pricing​ approach, what sales price should Rolling Hills charge for a round of golf to achieve the desired​ profit?
Business
1 answer:
Hunter-Best [27]3 years ago
6 0

Answer: $80.24

Explanation:

They should sell at a rate that will ensure that their costs as well as returns expected are covered.

Sales Price per round of golf = (Costs + Return expected) / No. of golf rounds

Costs = Fixed costs + Variable costs

= 20,000,000 + ( 18 * 410,000 golf rounds)

= 20,000,000 + 7,380,000‬

= $27,380,000

Return expected = 12% * 46,000,000

= $5,520,000‬

Sales Price per round of golf = (27,380,000 + 5,520,000‬) / 410,000

= $80.24

You might be interested in
Advertisements masquerade as media content by
Katen [24]

Answer:A

Explanation:

Persuading is a way to attracter customers

3 0
3 years ago
Discuss 5 sources of government revenue in the economy ​
Marina86 [1]
The government may either sell goods or render services like train, city bus, electricity, transport, posts and telegraphs, water supply, etc. The government also earns revenue from the production of commodities like steel, oil, life-saving drugs, etc.
7 0
2 years ago
Based on the HEADLINE article titled "Inflation and the Weimar Republic," which of the following is the best illustration of the
WINSTONCH [101]

Answer: Businessmen traveling around the country found themselves borrowing funds from their customers each stage of the way. The cash they'd allocated for the entire trip barely sufficed to pay the way to the next stop."

Explanation:

Inflation is when there is a general increase in the prices of goods and services on the economy.

The best illustration of the wealth effect of inflation based on the article titled "Inflation and the Weimar Republic," is that businessmen traveling around the country found themselves borrowing funds from their customers each stage of the way. The cash they'd allocated for the entire trip barely sufficed to pay the way to the next stop."

This is because when there is inflation, theee will be rise in price and hence, the money the businessmen wanted to use won't be enough to get meet their needs hence they'll need more funds.

5 0
3 years ago
One of the benefits of contracting with celebrities to endorse the company's brand of athletic
scZoUnD [109]
<span>One of the benefits of contracting with celebrities to endorse the company's brand of athletic product is: It attracts attention
A celebrity tend to has huge followers. By making that celebrity endorse our product, we will increase our brand recognition in the market and increases our customers.</span>
4 0
4 years ago
When reviewing the balance sheet for Portable Pet Care, Inc., a mobile small animal care business, Ricky noted the following inf
mash [69]

Answer:

The net worth (owners' equity) for this business is $2.2 million

Explanation:

Net worth: It is also known as owner's equity which is a difference between total assets and total assets.

In this question, we use the accounting equation which is used to balance the debit and credit side of the balance sheet items.

So, the accounting equation is

Total Assets = Total Liabilities + Owner's Equity

where,

Company assets are $3.5 million

And, liabilities is $1.3 million

Now, apply the above equation to find out the value of the owner's equity

So, owner equity would be equals to

= $3.5 million - $1.3 million

= $2.2 million

Hence,  the net worth (owners' equity) for this business is $2.2 million

3 0
4 years ago
Other questions:
  • When individuals are unemployed because they lack the qualifications to fill available jobs. True or False
    5·2 answers
  • Financial statement data at December 31 for Ecco Company are shown below. Cost of merchandise sold $552,500 Inventories: Beginni
    11·1 answer
  • External costs are A. borne by the public but incurred by the government. B. borne by the government but incurred by the public.
    6·1 answer
  • Maria Am Corporation uses a process costing system. The Baking Department is one of the processing departments in its strudel ma
    7·1 answer
  • A complaint of sexual harassment by a part-time worker in a hardware business was upheld when the Tribunal found that the employ
    6·1 answer
  • An accountant is engaged to perform compilation services for a new client in an industry with which the accountant has no previo
    8·1 answer
  • A stock can split and add additional shares as specified per existing share OR a stock can reverse split and decrease the number
    5·2 answers
  • Sandhill Co. began operations on January 2, 2020. It employs 13 people who work 8-hour days. Each employee earns 11 paid vacatio
    12·1 answer
  • Apple rolled out new versions of its popular iPod music player. CEO Tim Cook also unveiled cheaper models of its Touch music pla
    5·1 answer
  • ______________________ increased visibility of purchasing from the mid 70s to the mid 80s.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!