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Anon25 [30]
2 years ago
10

Mountaintop golf course is planning for the coming season. Investors would like to earn a 12% return on the company's $50,000,00

0 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?
Business
1 answer:
marishachu [46]2 years ago
4 0

Answer:

Mointaintop should charge 84.18 dollars per round of golf to achieve his desired return.

Explanation:

return:

50,000,000 x 12% = 6,000,000

fixed cost: 24,000,000

Variable cost: 16 per golfer

golfers expected 440,000

It should price to pay up the variable cost, fixed cost and achieve the 12% return:

(S_{units}-V_{units})Q -Fixed = Return

(S-16)440,000 -24,000,000 = 6,000,000

440,000S -7,040,000 = 6,000,000 + 24,000,000

440,000S = 37,040,000

S = 37,040,000 \div 440,000

S = 84,18181818181818

It should charge per round 84.18 dollars

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dezoksy [38]

Answer:

Explanation: The marketing mix consists of a number of factors that a producer usually exploits in order to influence consumers to purchase his/her products and services.

The marketing mix consists of:

- Product

- Price

- Place

- Promotion.

The above are usually called the 4Ps of marketing.

Of the four factors of the marketing mix, the factor that will the easiest for Lee to change will be the price.

This is because, often times, the price of a product or service will be the major determinant in the success of said commodity, and this is due to the fact that customers will compare the product being offered with its price in order to judge whether the product is worthy of the value placed on it.

Therefore, in order for Lee to influence the potential customers to make purchases, the price of the software program will be the easiest to be reviewed, and it should be set to a level where potential customers will be influenced to exchange their money for the software program.

8 0
2 years ago
The population of a country Dnalgne is 90 million in 1997 and increasing at a rate of 0.1 million per year. The average annual i
adoni [48]

Answer:

The answer is: 2.514% in percentage term or $56,560 million in absolute term.

Explanation:

The entire population income of Dnalgne in the beggining of 1997 = Total population of Dnalgne in the beginning of 1997 x average annual income of a person in Dnalgne in the beginning of 1997 = 90 million x 25,000 = $2,250,000 million

The poplulation of Dnalgne at the end of 1997 = 90 million + 0.1 million = 90.1 million; The average annual income of a person in Dnalgne at the end of 1997 = 25,000 +600 = $25,600

The entire population income of Dnalgne in the end of 1997 = Total population of Dnalgne at the end of 1997 x average annual income of a person in Dnalgne at the end of 1997 = 90.1 million x 31,000 = $2,306,560 million

Thus. the rise in absolute number is $2,306,560 million - $2,250,000 million = $56,560 million or 56,560/2,250,000 = 2.514% in percentage term.

5 0
2 years ago
According to the basic DCF stock valuation model, the value an investor should assign to a share of stock is dependent on the le
Alina [70]

Answer:

According to the basic DCF stock valuation model, the value an investor should assign to a share of stock is dependent on the length of time he or she plans to hold the stock.

A. True

Explanation:

The DCF (Discounted Cash Flow) method of stock valuation is based on the assumption of the time-value of money.  This approach considers that the cash flow that is received today is much more than the same amount of cash flow received any other time in the future.  And the time of the future receipt or payment affects the amount of the cash flow, with decreasing consequences based on increasing time into the future.

3 0
1 year ago
Calgary Industries is preparing a budgeted income statement for 2018 and has accumulated the following information. Predicted sa
Irina-Kira [14]

Answer:

Net Income      186,900

Explanation:

sales                                   730,000

variable cost

40% of sales

40% of 730,000 =            (292,000)

Selling expense                 (81,000)

Administrative expense    (90,000)

Earnigns before taxes        267,000

income tax expense

30% of EBT

30% of 267,000  =               (80,100)

Net Income                         186,900

8 0
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When offered a choice between two sodas and 11 pizza slices or 14 sodas and three pizza slices, Nami replies that she would be e
dimaraw [331]

Answer:

Nami's indifferent in 3 points that lie on the different curve, the three poits

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1. Point C - 5 soda and 6 pizza slices

2. Pont E - 2 soda and 11 pizza slices

3. Point F - 14 soda and 3 pizza slices.

Do check the graph,

In which x-axis is for pizza slices and Y-axis is for soda counts. The all three points are represented as E -( 2, 11), C - (5, 6), and F - ( 14, 3).

5 0
2 years ago
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