Course Course Course Blue Black Gold evenues Freens fees $62,500 $89,000 $42,900 evenue utings 6,000 29,000 evenue ptal revenue $74,100 $95,000 $71,900 xpenses andscaping $7,800 $14,200 % $6,300 Jages 43,900 % % 32,500 epairs and naintenance 5,600 % 2,600 % 4,300 uel 3,100 % 3,000 1,980 tilities 1,800 % 3,000 % 1,600 ptal $62200 $79500 $46680 xpenses perating $11,900 $15,500 ncome
Course Course Course Blue Black Gold evenues Freens fees $62,500 $89,000 $42,900 evenue utings 6,000 29,000 evenue ptal revenue $74,100 $95,000 $71,900 xpenses andscaping $7,800 $14,200 % $6,300 Jages 43,900 % % 32,500 epairs and naintenance 5,600 % 2,600 % 4,300 uel 3,100 % 3,000 1,980 tilities 1,800 % 3,000 % 1,600 ptal $62200 $79500 $46680 xpenses perating $11,900 $15,500 ncome
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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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 | 29,000 | |||
| Total revenue | $74,100 | $95,000 | $71,900 | |||
| Expenses | ||||||
| Landscaping | $7,800 | $14,200 | $6,300 | |||
| Wages | 43,900 | ? | 32,500 | |||
| Repairs and maintenance | 5,600 | 2,600 | 4,300 | |||
| Fuel | 3,100 | 3,000 | 1,980 | |||
| Utilities | 1,800 | 3,000 | 1,600 | |||
| Total expenses | $62,200 | $79,500 | $46,680 | |||
| Operating income | $11,900 | $15,500 | ? |
Transcribed Image Text:Bluff Run Golf Courses
Income Statement
Month Ending July 31, 2018
Course
Course
Course
Blue
Black
Gold
Revenues
Greens fees
$62,500
$89,000
$42,900
revenue
Outings
6,000
29,000
revenue
Total revenue
$74,100
$95,000
$71,900
Expenses
Landscaping
$7,800
%
$14,200
%
$6,300
Wages
43,900
%
%
32,500
Repairs and
5,600
%
2,600
%
4,300
maintenance
Fuel
3,100
%
3,000
%
1,980
Utilities
1,800
%
3,000
1,600
Total
$62200
$79500
$46680
expenses
Operating
$11,900
$15,500
income
Operating
%
%
income %
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