Rocky Pines golf course is planning for the coming season investors would like to earn a 12% return on the company's $47.000.000 of assets. The company primarily incurs fixed costs to groom the greens and tairways Fixed costs are projected to be $20.000.000 for the golfing season About 450,000 goffers are expected each year. Variable costs are about $20 per golfer Rocky Pines golf course has a favorable reputation in the area and therefore, has some control over the price of a round of golf Using a cost-plus approach, what price should the course charge for a round of goin? (Round the final answer to the OA $116.00 OB $76.98 OC $20.00 OD 56444

Rocky Pines golf course is planning for the coming season investors would like to earn a 12% return on the company's $47.000.000 of assets. The company primarily incurs fixed costs to groom the greens and tairways Fixed costs are projected to be $20.000.000 for the golfing season About 450,000 goffers are expected each year. Variable costs are about $20 per golfer Rocky Pines golf course has a favorable reputation in the area and therefore, has some control over the price of a round of golf Using a cost-plus approach, what price should the course charge for a round of goin? (Round the final answer to the OA $116.00 OB $76.98 OC $20.00 OD 56444

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Can someone please help me solve this question using Excel?
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