The following information is from Bluff Run Golf Courses. The company runs three courses and th 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 27,000 Total revenue $72,600 $95,000 $69,800 Expenses: Landscaping $7,800 $14,200 $6,300 Wages 43,900 32,500 Repairs and maintenance 5,600 2,600 4,500 Fuel 3,100 3,000 1,970 Utilities 1,800 3,000 1,600

The following information is from Bluff Run Golf Courses. The company runs three courses and th 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 27,000 Total revenue $72,600 $95,000 $69,800 Expenses: Landscaping $7,800 $14,200 $6,300 Wages 43,900 32,500 Repairs and maintenance 5,600 2,600 4,500 Fuel 3,100 3,000 1,970 Utilities 1,800 3,000 1,600

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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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
Blue Course
Black Course
Gold Course
Greens fees revenue
$62,500
$89,000
$42,800
Outings revenue
6,000
27,000
Total revenue
$72,600
$95,000
$69,800
Expenses:
Landscaping
$7,800
$14,200
$6,300
Wages
43,900
32,500
Repairs and maintenance
5,600
2,600
4,500
Fuel
3,100
3,000
1,970
Utilities
1,800
3,000
1,600
Total expenses
$62,200
$79,900
$46,870
Operating income
$10,400
$15,100
2$

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