Business, 24.10.2019 02:30 Simplytaylorgrenade

hilltop golf course is planning for the coming golfing season. investors would like to earn a 15% return on thecompany’s $50,000,000 of assets. the company primarily incurs fixed costs to groom the greens and fairways. fixed costs are projected to be $30,000,000 for the season. about 500,000 rounds of golf are expected to be played each year. variable costs are about $17 per round of golf. hilltop golf course has a favorable reputation in the area and, therefore, has some control over the sales price of a round of golf. using a cost-plus pricing approach, what sales price should hilltop charge for a round of golf to achieve the desired profit?
a. $77
b. $92
c. $60
d. $43

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 16:40

Job 456 was recently completed. the following data have been recorded on its job cost sheet: direct materials $ 2,418 direct labor-hours 74 labor-hours direct labor wage rate $ 13 per labor-hour machine-hours 137 machine-hours the corporation applies manufacturing overhead on the basis of machine-hours. the predetermined overhead rate is $14 per machine-hour. the total cost that would be recorded on the job cost sheet for job 456 would be: multiple choice $3,380 $5,298 $6,138 $2,622

Answers: 1

Answer

Business, 22.06.2019 19:10

Do it! review 16-3 the assembly department for right pens has the following production data for the current month. beginning work in process units transferred out ending work in process 0 22,500 16,000 materials are entered at the beginning of the process. the ending work in process units are 70% complete as to conversion costs. compute the equivalent units of production for (a) materials and (b) conversion costs. materials conversion costs the equivalent units of production

Answers: 2

Answer

Business, 22.06.2019 23:10

Amazon inc. does not currently pay a dividend. analysts expect amazon to commence paying annual dividends in three years. the first dividend is expected to be $2 per share. dividends are expected to grow from that point at an annual rate of 4% in perpetuity. investors expect a 12% return from the stock. what should the price of the stock be today?

Answers: 1

Answer

Business, 22.06.2019 23:20

Nnette henri is paid an hourly wage of $8.90 for a 32-hour workweek of 4 days, 8 hours daily. for any work on the fifth day and on saturdays, she is paid one and one-half times her regular hourly rate. during a certain week, in addition to her regular 32 hours, henri worked 6 hours on the fifth day and 5 hours on saturday. for this workweek, henri’s total earnings are:

Answers: 1

Answer

You know the right answer?

hilltop golf course is planning for the coming golfing season. investors would like to earn a 15% re...

Questions