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Business, 21.08.2019 03:10 dooderh

Hilltop golf course is planning for the coming golfing season. investors would like to earn a 1515% return on the company's $ 50 comma 000 comma 000$50,000,000 of assets. the company primarily incurs fixed costs to groom the greens and fairways. fixed costs are projected to be $ 32 comma 000 comma 000$32,000,000 for the season. about 600 comma 000600,000 rounds of golf are expected to be played each year. variable costs are about $ 16$16 per round of golf. hilltop golf course has a favorable reputation in the area and, therefore, has some control over the sales price of a round of golf. using a cost−plus pricing approach, what sales price should hilltop charge for a round of golf to achieve the desired profit?

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