question archive The following information is from Bluff Run Golf Courses
The following information is from Bluff Run Golf Courses
Subject:BusinessPrice: Bought3
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 $42,800 Outings revenue 6,000 29,000 Total revenue $72,600 $95,000 $71,800 Expenses: Landscaping $7,800 $14,200 $6,500 Wages 43,900 32,600 Repairs and maintenance 5,600 2,600 4,300 Fuel 3,100 3,000 3,000 1,970 1,700 Utilities 1,800 Total expenses $62,200 $78,800 $47,070 Operating income $10,400 $16,200 B. Rank the courses in order of profitability, using dollars. C. Rank the courses in order of profitability, using percentages.
