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%
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%
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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 StatementMonth 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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