Business, 31.10.2019 01:31 paolaviviana

Mountaintop golf course is planning for the coming season. investors would like to earn a 12% return on the company's $ 50 comma 000 comma 000 of assets. the company primarily incurs fixed costs to groom the greens and fairways. fixed costs are projected to be $ 22 comma 000 comma 000 for the golfing season. about 440 comma 000 golfers are expected each year. variable costs are about $ 19 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 costminusplus approach, what price should mountaintop charge for a round of golf?

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Mountaintop golf course is planning for the coming season. investors would like to earn a 12% return...

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