The following information is from Bluff Run Golf Courses. The company runs three courses and the...
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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 Revenues Greens fees revenue Outings revenue Total revenue Expenses Landscaping Wages Repairs and maintenance Fuel Utilities Total expenses Operating income Blue Course Black Course Gold Course Course Blue Course Black Course Gold $62,500 $74,200 $7,800 43,900 5,600 ? 3,100 1,800 $62,200 $12,000 % % % $89,000 6,000 $95,000 $14,200 ? 2,600 3,000 3,000 $78,300 $16,700 A. Calculate the operating income percentage for each of the courses. Round your percentages to one decimal place. $42,900 29,000 $71,900 $6,300 32,600 4,400 1,980 1,600 $46,880 ? B. 1. Perform a vertical analysis for each course. Round your percentages to one decimal place. Revenues Greens fees revenue Outings revenue Total revenue Expenses Landscaping Wages Repairs and maintenance Fuel Utilities Total expenses Operating income Operating income % Course Blue $62,500 $74,200 $7,800 43,900 5,600 3,100 1,800 $62200 $12,000 % Bluff Run Golf Courses Income Statement Month Ending July 31, 2018 Course Black % % % % % $89,000 6,000 $95,000 $14,200 2,600 3,000 3,000 $78300 $16,700 % % % % % % Course Gold $42,900 29,000 $71,900 $6,300 32,600 4,400 1,980 1,600 $46880 % % % % % % 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 Revenues Greens fees revenue Outings revenue Total revenue Expenses Landscaping Wages Repairs and maintenance Fuel Utilities Total expenses Operating income Blue Course Black Course Gold Course Course Blue Course Black Course Gold $62,500 $74,200 $7,800 43,900 5,600 ? 3,100 1,800 $62,200 $12,000 % % % $89,000 6,000 $95,000 $14,200 ? 2,600 3,000 3,000 $78,300 $16,700 A. Calculate the operating income percentage for each of the courses. Round your percentages to one decimal place. $42,900 29,000 $71,900 $6,300 32,600 4,400 1,980 1,600 $46,880 ? B. 1. Perform a vertical analysis for each course. Round your percentages to one decimal place. Revenues Greens fees revenue Outings revenue Total revenue Expenses Landscaping Wages Repairs and maintenance Fuel Utilities Total expenses Operating income Operating income % Course Blue $62,500 $74,200 $7,800 43,900 5,600 3,100 1,800 $62200 $12,000 % Bluff Run Golf Courses Income Statement Month Ending July 31, 2018 Course Black % % % % % $89,000 6,000 $95,000 $14,200 2,600 3,000 3,000 $78300 $16,700 % % % % % % Course Gold $42,900 29,000 $71,900 $6,300 32,600 4,400 1,980 1,600 $46880 % % % % % %
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BLUFF RUN GOLF COURSES Income Statement Month Ending July 31 2018 Particula... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
Posted Date:
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