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 COURSESIncome StatementMonth Ending July 31, 2018Blue CourseBlack CourseGold CourseGreens fees revenue$62,500$89,000$42,700Outings revenue6,00028,000Total revenue$73,300$95,000$70,700Expenses:Landscaping$7,800$14,200$6,40043,90032,700Wages5,6002,6004,400Repairs and maintenance3,1003,0001,990Fuel1,8003,0001,600Utilities$62,200$79,600$47,090Total expenses$11,100$15,400Operating incomeB. Rank the courses in order of profitability, using dollars.C. Rank the courses in order of profitability, using percentages.

The Income Statement for the month ending July 31st, 2018 is given.

he following information is from Bluff Run Golf Courses. The company runs three courses and the July income statement for each course is as follows: . 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 $42,700 Dutings revenue 6,000 28,000 otal revenue $73,300 $95,000 $70,700 Expenses: andscaping $14,200 $6,400 $7,800 lages 43,900 32,700 epairs and maintenance 5,600 2,600 4,400 uel 3,100 3,000 1,990 1,800 3,000 1,600 tilities $62,200 $79,600 $47,090 otal expenses $11,100 $15,400 perating inome - Rank the courses in order of profitability, using dollars. - Rank the courses in order of profitability, using percentages.

he following information is from Bluff Run Golf Courses. The company runs three courses and the July income statement for each course is as follows: . 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 $42,700 Dutings revenue 6,000 28,000 otal revenue $73,300 $95,000 $70,700 Expenses: andscaping $14,200 $6,400 $7,800 lages 43,900 32,700 epairs and maintenance 5,600 2,600 4,400 uel 3,100 3,000 1,990 1,800 3,000 1,600 tilities $62,200 $79,600 $47,090 otal expenses $11,100 $15,400 perating inome - Rank the courses in order of profitability, using dollars. - Rank the courses in order of profitability, using percentages.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

any help is appreciated
Mortgage Investor Group opening an office in Portland, OregonFixed monthly costs are office rent ($8,900) , depreciation on office furniture (1, 800), utilities ($2,200), special telephone lines ($1,000), a connection with an online brokerage service ($2,700) , and the salary of a financial planner ($4,400). Variable costs include payments to the financial planner (9% of revenue), advertising (11% of revenue), supplies and postage (4% of revenue) and usage fees for the telephone lines and computerized brokerage service (6% of revenue). Requirement 4. Suppose that the average revenue Mortgage earns increases to $1.500 per trade. The new breakeven point trades. How does the affect the break even point? Unber new assumptions, Mortage must make ____________ trades to breakeven
Cullumber provides environmentally friendly lawn services for homeowners. Its operating costs are as follows. Depreciation (straight-line) Advertising Insurance $1,400 per month $300 per month $3,130 per month Weed and feed materials $14 per lawn Direct labor Fuel $12 per lawn $2 per lawn Cullumber charges $70 per treatment for the average single-family lawn. For the month ended July 31, 2027, the company had total sales of $8,400. (a) Prepare a CVP income statement for the month ended July 31, 2027. CULLUMBER $ Total CVP Income Statement $ $ Per Unit Percent of Sales
Please help me
(b) Determine the company's break-even point in (1) number of lawns serviced per month and (2) sales dollars. (1) Break-even point in lawns (2) Break-even point in dollars $
Marathon Running Shop has two service departments (advertising and administrative) and two operating departments (shoes and clothing). The table that follows shows the direct expenses incurred and square footage occupied by all four departments, as well as total sales for the two operating departments for the year 2019. Direct Expenses Square Feet 500 Sales Department Advertising Administrative $ 15,000 27,000 103,000 13,000 700 4,100 4,700 $124,000 186,000 Shoes Clothing The advertising department developed and distributed 190 advertisements during the year. Of these, 38 promoted shoes and 152 promoted clothing. Utilities expense of $74,000 is an indirect expense to all departments. Complete a departmental expense allocation spreadsheet for Marathon Running Shop. The spreadsheet should assign (1) direct expenses to each of the four departments, (2) the $74,000 of utilities expense to the four departments on the basis of floor space occupied, (3) the advertising department's expenses…
please dont provide answer in image format thank you
Blue Jay Way Travel Agency is a profit centre within a large tourism company. The following is the financial information for the agency for 2015 and 2016. Review the table and answer the related questions. 2016 2015 Tour Revenue $600,000 $700,000 Distributed Operating Expenses Payroll and Related Expenses $157,000 $250,000 Booking Fees $43,000 $50,000 A) Calculate the departmental income and departmental income margin for 2015 and 2016. Round to two decimal places. b) Comment on the change in departmental income and departmental income margin from 2015 to 2016. C) Calculate booking fees as a percentage of tour revenue for 2015 and 2016 and comment on the change, if any. In addition, calculate labour cost margin for 2015 and 2016 and comment on the change, if any. Use this information to give a possible reason for the change in departmental income margin from 2015 to 2016.
Current Attempt in Progress Your answer is partially correct. Splish Brothers Ltd. held a spring promotion in April that enabled new customers to purchase a package of four lawn treatments treatments for $200. Customers received lawn treatments in May, June, July, and August. Splish Brothers normally charges $50 per treatment. Splish Brothers sold 120 of the promotional packages in April. Using the five-step model, determine the amount of revenue that Splish Brothers would recognize in: a. April and b. May. a. Revenue for the month of April b. Revenue for the month of May LA $ LA 6000 6000