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: BLUFF RUN GOLF COURSES Income Statement Month Ending July 31, 2018 Blue Course Black Course Gold Course Revenues Greens fees revenue $62,500 $89,000 $42,800 Outings revenue ? 6,000 27,000 Total revenue $73,100 $95,000 $69,800 Expenses Landscaping $7,800 $14,200 $6,300 Wages 43,900 ? 32,600 Repairs and maintenance 5,600 2,600 4,300 Fuel 3,100 3,000 1,980 Utilities 1,800 3,000 1,600 Total expenses $62,200 $79,900 $46,780 Operating income $10,900 $15,100 ? A. Calculate the operating income percentage for each of the courses. Round your percentages to one decimal place. Course Blue fill in the blank ea58cc07702e060_1% Course Black fill in the blank ea58cc07702e060_2% Course Gold fill in the blank ea58cc07702e060_3%
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: BLUFF RUN GOLF COURSES Income Statement Month Ending July 31, 2018 Blue Course Black Course Gold Course Revenues Greens fees revenue $62,500 $89,000 $42,800 Outings revenue ? 6,000 27,000 Total revenue $73,100 $95,000 $69,800 Expenses Landscaping $7,800 $14,200 $6,300 Wages 43,900 ? 32,600 Repairs and maintenance 5,600 2,600 4,300 Fuel 3,100 3,000 1,980 Utilities 1,800 3,000 1,600 Total expenses $62,200 $79,900 $46,780 Operating income $10,900 $15,100 ? A. Calculate the operating income percentage for each of the courses. Round your percentages to one decimal place. Course Blue fill in the blank ea58cc07702e060_1% Course Black fill in the blank ea58cc07702e060_2% Course Gold fill in the blank ea58cc07702e060_3%
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:
| BLUFF RUN GOLF COURSES | ||||||
| Income Statement | ||||||
| Month Ending July 31, 2018 | ||||||
| Blue Course | Black Course | Gold Course | ||||
| Revenues | ||||||
| Greens fees revenue | $62,500 | $89,000 | $42,800 | |||
| Outings revenue | ? | 6,000 | 27,000 | |||
| Total revenue | $73,100 | $95,000 | $69,800 | |||
| Expenses | ||||||
| Landscaping | $7,800 | $14,200 | $6,300 | |||
| Wages | 43,900 | ? | 32,600 | |||
| Repairs and maintenance | 5,600 | 2,600 | 4,300 | |||
| Fuel | 3,100 | 3,000 | 1,980 | |||
| Utilities | 1,800 | 3,000 | 1,600 | |||
| Total expenses | $62,200 | $79,900 | $46,780 | |||
| Operating income | $10,900 | $15,100 | ? |
A. Calculate the operating income percentage for each of the courses. Round your percentages to one decimal place.
| Course Blue | fill in the blank ea58cc07702e060_1% |
| Course Black | fill in the blank ea58cc07702e060_2% |
| Course Gold | fill in the blank ea58cc07702e060_3% |
A. The percentage calculation involves the operating income as a function of total revenue.
B.
1. Perform a vertical analysis for each course. Round your percentages to one decimal place.
| Bluff Run Golf Courses Income Statement |
||||||
| Month Ending July 31, 2018 | ||||||
| Course Blue | Course Black | Course Gold | ||||
| Revenues | ||||||
| Greens fees revenue | $62,500 | $89,000 | $42,800 | |||
| Outings revenue | fill in the blank ae7fadfd8fe7018_1 | 6,000 | 27,000 | |||
| Total revenue | $73,100 | $95,000 | $69,800 | |||
| Expenses | ||||||
| Landscaping | $7,800 | fill in the blank ae7fadfd8fe7018_2% | $14,200 | fill in the blank ae7fadfd8fe7018_3% | $6,300 | fill in the blank ae7fadfd8fe7018_4% |
| Wages | 43,900 | fill in the blank ae7fadfd8fe7018_5% | fill in the blank ae7fadfd8fe7018_6 | fill in the blank ae7fadfd8fe7018_7% | 32,600 | fill in the blank ae7fadfd8fe7018_8% |
| Repairs and maintenance | 5,600 | fill in the blank ae7fadfd8fe7018_9% | 2,600 | fill in the blank ae7fadfd8fe7018_10% | 4,300 | fill in the blank ae7fadfd8fe7018_11% |
| Fuel | 3,100 | fill in the blank ae7fadfd8fe7018_12% | 3,000 | fill in the blank ae7fadfd8fe7018_13% | 1,980 | fill in the blank ae7fadfd8fe7018_14% |
| Utilities | 1,800 | fill in the blank ae7fadfd8fe7018_15% | 3,000 | fill in the blank ae7fadfd8fe7018_16% | 1,600 | fill in the blank ae7fadfd8fe7018_17% |
| Total expenses | $62200 | $79900 | $46780 | |||
| Operating income | $10,900 | $15,100 | $fill in the blank ae7fadfd8fe7018_18 | |||
| Operating income % | fill in the blank ae7fadfd8fe7018_19% | fill in the blank ae7fadfd8fe7018_20% | fill in the blank ae7fadfd8fe7018_21% |
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