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Find the missing value for outings revenue, wages, and operating income. BLUFF RUN GOLF COURSES

Find the missing value for outings revenue, wages, and operating income. BLUFF RUN GOLF COURSES

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:

A. Find the missing value for outings revenue, wages, and operating income.

BLUFF RUN GOLF COURSES
Income Statement
Month Ending July 31, 2018
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.
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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