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      $42,700      Outings revenue    ?   6,000   27,000   Total revenue $74,200   $95,000   $69,700                      Expenses                      Landscaping $7,800   $14,200   $6,400   Wages 43,900   ?   32,700   Repairs and maintenance 5,600   2,600   4,300   Fuel 3,100   3,000   1,990   Utilities 1,800   3,000   1,600   Total expenses $62,200   $78,900   $46,990                       Operating income $12,000   $16,100   ?   A. Calculate the operating income percentage for each of the courses. Round your percentages to one decimal place. Course Blue fill in the blank de0916050ff7ffa_1% Course Black fill in the blank de0916050ff7ffa_2% Course Gold fill in the blank de0916050ff7ffa_3%

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ISBN:9781259964947
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Chapter1: Financial Statements And Business Decisions
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  1. 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      $42,700     
    Outings revenue    ?   6,000   27,000  
    Total revenue $74,200   $95,000   $69,700  
                      
    Expenses                     
    Landscaping $7,800   $14,200   $6,400  
    Wages 43,900   ?   32,700  
    Repairs and maintenance 5,600   2,600   4,300  
    Fuel 3,100   3,000   1,990  
    Utilities 1,800   3,000   1,600  
    Total expenses $62,200   $78,900   $46,990  
                       
    Operating income $12,000   $16,100   ?  

    A. Calculate the operating income percentage for each of the courses. Round your percentages to one decimal place.

    Course Blue fill in the blank de0916050ff7ffa_1%
    Course Black fill in the blank de0916050ff7ffa_2%
    Course Gold fill in the blank de0916050ff7ffa_3%

    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   $42,700  
    Outings revenue fill in the blank b7dcbcfe0fef038_1   6,000   27,000  
    Total revenue $74,200   $95,000   $69,700  
    Expenses            
    Landscaping $7,800 fill in the blank b7dcbcfe0fef038_2% $14,200 fill in the blank b7dcbcfe0fef038_3% $6,400 fill in the blank b7dcbcfe0fef038_4%
    Wages 43,900 fill in the blank b7dcbcfe0fef038_5% fill in the blank b7dcbcfe0fef038_6 fill in the blank b7dcbcfe0fef038_7% 32,700 fill in the blank b7dcbcfe0fef038_8%
    Repairs and maintenance 5,600 fill in the blank b7dcbcfe0fef038_9% 2,600 fill in the blank b7dcbcfe0fef038_10% 4,300 fill in the blank b7dcbcfe0fef038_11%
    Fuel 3,100 fill in the blank b7dcbcfe0fef038_12% 3,000 fill in the blank b7dcbcfe0fef038_13% 1,990 fill in the blank b7dcbcfe0fef038_14%
    Utilities 1,800 fill in the blank b7dcbcfe0fef038_15% 3,000 fill in the blank b7dcbcfe0fef038_16% 1,600 fill in the blank b7dcbcfe0fef038_17%
    Total expenses $62200   $78900   $46990  
    Operating income $12,000   $16,100   $fill in the blank b7dcbcfe0fef038_18  
    Operating income % fill in the blank b7dcbcfe0fef038_19%   fill in the blank b7dcbcfe0fef038_20%   fill in the blank b7dcbcfe0fef038_21%  

     

 
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