Mountaintop golf course is planning for the coming season. investors would like to earn a 12% return on the company's $50,000,000 of assets. the company primarily incurs fixed costs to groom the greens and fairways. fixed costs are projected to be $24,000,000 for the golfing season. about 440,000 golfers are expected each year. variable costs are about $16 per golfer. mountaintop golf course has a favorable reputation in the area and therefore, has some control over the price of a round of golf. using a cost-plus approach, what price should mountaintop charge for a round of golf?

Mointaintop should charge 84.18 dollars per round of golf to achieve his desired return.

Explanation:

return:

50,000,000 x 12% = 6,000,000

fixed cost: 24,000,000

Variable cost: 16 per golfer

golfers expected 440,000

It should price to pay up the variable cost, fixed cost and achieve the 12% return:

S = 84,18181818181818

It should charge per round 84.18 dollars

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