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A. Calculate the operating income percentage for each of the courses. Round your percentages to one decimal place. Course Blue Course Black % Course Gold % В. 1. Perform a vertical analysis for each course. Round your percentages to one decimal place. Bluff Run Golf Courses Income Statement

A. Calculate the operating income percentage for each of the courses. Round your percentages to one decimal place. Course Blue Course Black % Course Gold % В. 1. Perform a vertical analysis for each course. Round your percentages to one decimal place. Bluff Run Golf Courses Income Statement

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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: BLUFF RUN GOLF COURSES Income Statement Month Ending July 31, 2018 Blue Course Black Course Gold Course Revenues Greens fees revenue $62,500 $89,000 $42,900 Outings revenue ? 6,000 27,000 Total revenue $74,500 $95,000 $69,900 Expenses Landscaping $7,800 $14,200 $6,400 Wages 43,900 32,700 Repairs and maintenance 5,600 2,600 4,500 Fuel 3,100 3,000 1,990 Utilities 1,800 3,000 1,600 Total expenses $62,200 $79,300 $47,190 Operating income $12,300 $15,700 A. Calculate the operating income percentage for each of the courses. Round your percentages to one decimal place. Course Blue Course Black % Course Gold % В. 1. Perform a vertical analysis for each course. Round your percentages to one decimal place. Bluff Run Golf Courses Income Statement Month Ending July 31, 2018 Course Blue Course Black Course Gold Revenues Greens fees revenue $62,500 $89,000 $42,900 Outings revenue 6,000 27,000 Total revenue $74,500 $95,000 $69,900 Expenses Landscaping $7,800 % $14,200 $6,400 Wages 43,900 % % 32,700 % Repairs and maintenance 5,600 % 2,600 % 4,500 % Fuel 3,100 % 3,000 % 1,990 Utilities 1,800 % 3,000 % 1,600 % Total expenses $62200 $79300 $47190 Operating income $12,300 $15,700 Operating income % % %
Transcribed Image Text: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: BLUFF RUN GOLF COURSES Income Statement Month Ending July 31, 2018 Blue Course Black Course Gold Course Revenues Greens fees revenue $62,500 $89,000 $42,900 Outings revenue ? 6,000 27,000 Total revenue $74,500 $95,000 $69,900 Expenses Landscaping $7,800 $14,200 $6,400 Wages 43,900 32,700 Repairs and maintenance 5,600 2,600 4,500 Fuel 3,100 3,000 1,990 Utilities 1,800 3,000 1,600 Total expenses $62,200 $79,300 $47,190 Operating income $12,300 $15,700 A. Calculate the operating income percentage for each of the courses. Round your percentages to one decimal place. Course Blue Course Black % Course Gold % В. 1. Perform a vertical analysis for each course. Round your percentages to one decimal place. Bluff Run Golf Courses Income Statement Month Ending July 31, 2018 Course Blue Course Black Course Gold Revenues Greens fees revenue $62,500 $89,000 $42,900 Outings revenue 6,000 27,000 Total revenue $74,500 $95,000 $69,900 Expenses Landscaping $7,800 % $14,200 $6,400 Wages 43,900 % % 32,700 % Repairs and maintenance 5,600 % 2,600 % 4,500 % Fuel 3,100 % 3,000 % 1,990 Utilities 1,800 % 3,000 % 1,600 % Total expenses $62200 $79300 $47190 Operating income $12,300 $15,700 Operating income % % %
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