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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
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   ?  
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 %
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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