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Business, 30.10.2019 01:31 cutekute22

Mountaintop golf course is planning for the coming season. investors would like to earn a 12% return on the company's $50,000,000 of assets. the company primarily incurs fixed costs to groom the greens and fairways. fixed costs are projected to be $24,000,000 for the golfing season. about 440,000 golfers are expected each year. variable costs are about $16 per golfer. mountaintop 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 mountaintop charge for a round of golf?

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