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:A. Find the missing value for outings revenue, wages, and operating income.BLUFF RUN GOLF COURSESIncome StatementMonth Ending July 31, 2018Blue CourseBlack CourseGold CourseGreens fees revenue$62,500$89,000$42,700Outings revenue6,00028,000Total revenue$73,300$95,000$70,700Expenses:Landscaping$7,800$14,200$6,40043,90032,700Wages5,6002,6004,400Repairs and maintenance3,1003,0001,990Fuel1,8003,0001,600Utilities$62,200$79,600$47,090Total expenses$11,100$15,400Operating incomeB. Rank the courses in order of profitability, using dollars.C. Rank the courses in order of profitability, using percentages.

The Income Statement for the month ending July 31st, 2018 is given.

he following information is from Bluff Run Golf Courses. The company runs three courses and the July income statement for each course is as follows: . Find the missing value for outings revenue, wages, and operating income. BLUFF RUN GOLF COURSES Income Statement Month Ending July 31, 2018 Blue Course Black Course Gold Course Greens fees revenue $62,500 $89,000 $42,700 Dutings revenue 6,000 28,000 otal revenue $73,300 $95,000 $70,700 Expenses: andscaping $14,200 $6,400 $7,800 lages 43,900 32,700 epairs and maintenance 5,600 2,600 4,400 uel 3,100 3,000 1,990 1,800 3,000 1,600 tilities $62,200 $79,600 $47,090 otal expenses $11,100 $15,400 perating inome - Rank the courses in order of profitability, using dollars. - Rank the courses in order of profitability, using percentages.

he following information is from Bluff Run Golf Courses. The company runs three courses and the July income statement for each course is as follows: . Find the missing value for outings revenue, wages, and operating income. BLUFF RUN GOLF COURSES Income Statement Month Ending July 31, 2018 Blue Course Black Course Gold Course Greens fees revenue $62,500 $89,000 $42,700 Dutings revenue 6,000 28,000 otal revenue $73,300 $95,000 $70,700 Expenses: andscaping $14,200 $6,400 $7,800 lages 43,900 32,700 epairs and maintenance 5,600 2,600 4,400 uel 3,100 3,000 1,990 1,800 3,000 1,600 tilities $62,200 $79,600 $47,090 otal expenses $11,100 $15,400 perating inome - Rank the courses in order of profitability, using dollars. - Rank the courses in order of profitability, using percentages.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter9: Responsibility Accounting And Decentralization

Section: Chapter Questions

Problem 3EA: 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 Blue Course   Black Course   Gold Course   Revenues          Greens fees revenue    $62,500    $89,000    $42,700    Outings revenue ? 6,000 27,000 Total revenue $73,300 $95,000 $69,700    Expenses          Landscaping $7,800 $14,200 $6,500 Wages 43,900 ? 32,700 Repairs and maintenance 5,600 2,600 4,300 Fuel 3,100 3,000 1,990 Utilities 1,800 3,000 1,600 Total expenses $62,200 $79,000 $47,090 Operating income $11,100 $16,000 ? A. Calculate the operating income percentage for each of the courses. Round your percentages to one decimal place. Course Blue fill in the blank e1586f01df93ffe_1% Course…
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 Blue Course   Black Course   Gold Course   Revenues          Greens fees revenue    $62,500    $89,000    $42,800    Outings revenue ? 6,000 28,000 Total revenue $73,200 $95,000 $70,800    Expenses          Landscaping $7,800 $14,200 $6,400 Wages 43,900 ? 32,700 Repairs and maintenance 5,600 2,600 4,400 Fuel 3,100 3,000 1,990 Utilities 1,800 3,000 1,650 Total expenses $62,200 $78,100 $47,140 Operating income $11,000 $16,900 ?
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 Blue Course   Black Course   Gold Course   Revenues          Greens fees revenue    $62,500    $89,000    $42,800    Outings revenue ? 6,000 28,000 Total revenue $73,100 $95,000 $70,800    Expenses          Landscaping $7,800 $14,200 $6,500 Wages 43,900 ? 32,500 Repairs and maintenance 5,600 2,600 4,300 Fuel 3,100 3,000 1,990 Utilities 1,800 3,000 1,650 Total expenses $62,200 $79,000 $46,940 Operating income $10,900 $16,000 ? A. Calculate the operating income percentage for each of the courses. Round your percentages to one decimal place. Course Blue fill in the blank e969470d405a007_1% Course…
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 Blue Course   Black Course   Gold Course   Revenues          Greens fees revenue    $62,500    $89,000    $42,800    Outings revenue ? 6,000 27,000 Total revenue $73,100 $95,000 $69,800    Expenses          Landscaping $7,800 $14,200 $6,300 Wages 43,900 ? 32,600 Repairs and maintenance 5,600 2,600 4,300 Fuel 3,100 3,000 1,980 Utilities 1,800 3,000 1,600 Total expenses $62,200 $79,900 $46,780 Operating income $10,900 $15,100 ? A. Calculate the operating income percentage for each of the courses. Round your percentages to one decimal place. Course Blue fill in the blank ea58cc07702e060_1% Course…
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 Blue Course   Black Course   Gold Course   Revenues          Greens fees revenue    $62,500    $89,000    $42,800    Outings revenue ? 6,000 28,000 Total revenue $74,000 $95,000 $70,800    Expenses          Landscaping $7,800 $14,200 $6,500 Wages 43,900 ? 32,600 Repairs and maintenance 5,600 2,600 4,500 Fuel 3,100 3,000 1,970 Utilities 1,800 3,000 1,600 Total expenses $62,200 $79,900 $47,170 Operating income $11,800 $15,100 ? A. Calculate the operating income percentage for each of the courses. Round your percentages to one decimal place. B. 1. Perform a vertical analysis for each course. Round your…
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 Blue Course   Black Course   Gold Course   Revenues          Greens fees revenue    $62,500    $89,000    $42,800    Outings revenue ? 6,000 29,000 Total revenue $72,500 $95,000 $71,800    Expenses          Landscaping $7,800 $14,200 $6,500 Wages 43,900 ? 32,700 Repairs and maintenance 5,600 2,600 4,400 Fuel 3,100 3,000 1,990 Utilities 1,800 3,000 1,700 Total expenses $62,200 $79,900 $47,290 Operating income $10,300 $15,100 ? A. Calculate the operating income percentage for each of the courses. Round your percentages to one decimal place. Course Blue fill in the blank dde8e40b7055fdb_1% Course…
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 Blue Course   Black Course   Gold Course   Revenues          Greens fees revenue    $62,500    $89,000    $42,900    Outings revenue ? 6,000 27,000 Total revenue $73,000 $95,000 $69,900    Expenses          Landscaping $7,800 $14,200 $6,300 Wages 43,900 ? 32,600 Repairs and maintenance 5,600 2,600 4,300 Fuel 3,100 3,000 1,980 Utilities 1,800 3,000 1,650 Total expenses $62,200 $79,000 $46,830 Operating income $10,800 $16,000 ? A. Calculate the operating income percentage for each of the courses. Round your percentages to one decimal place. Course Blue fill in the blank e878fc0b304efb3_1% Course…
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 Blue Course   Black Course   Gold Course   Revenues          Greens fees revenue    $62,500    $89,000    $42,900    Outings revenue ? 6,000 27,000 Total revenue $74,300 $95,000 $69,900    Expenses          Landscaping $7,800 $14,200 $6,400 Wages 43,900 ? 32,700 Repairs and maintenance 5,600 2,600 4,400 Fuel 3,100 3,000 1,980 Utilities 1,800 3,000 1,600 Total expenses $62,200 $79,000 $47,080 Operating income $12,100 $16,000 ? Question Content Area A. Calculate the operating income percentage for each of the courses. Round your percentages to one decimal place. Course Blue fill in the blank…
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 Blue Course   Black Course   Gold Course   Revenues          Greens fees revenue    $62,500    $89,000    $42,900    Outings revenue ? 6,000 27,000 Total revenue $74,200 $95,000 $69,900    Expenses          Landscaping $7,800 $14,200 $6,300 Wages 43,900 ? 32,500 Repairs and maintenance 5,600 2,600 4,500 Fuel 3,100 3,000 1,970 Utilities 1,800 3,000 1,600 Total expenses $62,200 $78,100 $46,870 Operating income $12,000 $16,900 ? Question Content Area A. Calculate the operating income percentage for each of the courses. Round your percentages to one decimal place. Course Blue fill in the blank…
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 Blue Course Black Course Gold Course Revenues Greens fees revenue $62,500 $89,000 $42,900 Outings revenue ? 6,000 27,000 Total revenue $74,200 $95,000 $69,900 Expenses Landscaping $7,800 $14,200 $6,300 Wages 43,900 ? 32,500 Repairs and maintenance 5,600 2,600 4,500 Fuel 3,100 3,000 1,970 Utilities 1,800 3,000 1,600 Total expenses $62,200 $78,100 $46,870 Operating income $12,000 $16,900 ? Question Content Area A. Calculate the operating income percentage for each of the courses. Round your percentages to one decimal place. Course Blue fill in the blank…
The following information is from Bluff Run Golf Courses. The company runs three courses and the July income statement for each course is shown. BLUFF RUN GOLF COURSE Income Statement Month Ending July 31, 2018 blue course black course gold course revenue greens fee revenue $62,500 $89,000 $42,800 outing revenue 11,000 6,000 28,000 total revenue 73,500 95,000 70,800 expenses landscaping $7,800 $14,200 $6,400 wages 43,900 56,300 32,600 repair and maint. 5,600 2,600 4,400 fuel 3,100 3,00 1,980 utilities 1,800 3,000 1,650 total expenses $62,200 $79,100 $47,030 operating income $11,300 $15,900 $23,770 Required: Find the missing value for outings revenue, wages, and operating income Comment on the financial performance of each course. Identify a limitation of analyzing the information provided.
he 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 Blue Course Black Course Gold Course Revenues Greens fees revenue $62,500 $89,000 $42,900 Outings revenue ? 6,000 29,000 Total revenue $74,100 $95,000 $71,900 Expenses Landscaping $7,800 $14,200 $6,300 Wages 43,900 ? 32,500 Repairs and maintenance 5,600 2,600 4,300 Fuel 3,100 3,000 1,980 Utilities 1,800 3,000 1,600 Total expenses $62,200 $79,500 $46,680 Operating income $11,900 $15,500 ? Question A. Calculate the operating income percentage for each of the courses. Round your percentages to one decimal place. Course Blue fill in the blank e448d00c304ef87_1%…