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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Question
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 |

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
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
$73,000
$95,000
$71,800
Expenses:
Landscaping
$7,800
$14,200
$6,400
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
1,700
Total expenses
$62,200
$78,400
$46,880
Operating income
$10,800
$16,600
B. Rank the courses in order of profitability, using dollars.
C. Rank the courses in order of profitability, using percentages.
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