hilltop golf course is planning for the coming golfing season. investors would like to earn a 15% return on thecompany’s $50,000,000 of assets. the company primarily incurs fixed costs to groom the greens and fairways. fixed costs are projected to be $30,000,000 for the season. about 500,000 rounds of golf are expected to be played each year. variable costs are about $17 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?
a. $77
b. $92
c. $60
d. $43

Partnerships are the most common type of business firms in the world. t/f

Suppose the following items were taken from the balance sheet of nike, inc. (all dollars are in millions.) 1. cash $ 2,316.7 7. inventory $ 2,245.6 2. accounts receivable 2,786.2 8. income taxes payable 80.3 3. common stock 2,841.1 9. equipment 1,783.8 4. notes payable 291.2 10. retained earnings 6,162.5 5. buildings 3,959.7 11. accounts payable 2,624.6 6. mortgage payable 1,092.3 perform each of the following. classify each of these items as an asset, liability, or stockholders’ equity, and determine the total dollar amount for each classification. (enter amounts in millions up to 1 decimal place, e.g. 45.5 million.) cash accounts receivable common stock notes payable buildings mortgage payable inventory income taxes payable equipment retained earnings accounts payable assets $ 13092 liability $ 4088.4 stockholders’ equity $ 9003.6 etextbook and media determine nike’s accounting equation by calculating the value of total assets, total liabilities, and total stockholders’ equity. (enter amounts in millions up to 1 decimal place, e.g. 45.5 million.) total assets = total liabilities + total stockholders’ equity

Your father offers you a choice of $120,000 in 11 years or $48,500 today. use appendix b as an approximate answer, but calculate your final answer using the formula and financial calculator methods. a-1. if money is discounted at 11 percent, what is the present value of the $120,000?