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 COURSESIncome StatementMonth 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 Wages43,900 ? 32,700 Repairs and maintenance5,600 2,600 4,400 Fuel3,100 3,000 1,990 Utilities1,800 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 Bluefill in the blank dde8e40b7055fdb_1%Course Blackfill in the blank dde8e40b7055fdb_2%Course Goldfill in the blank dde8e40b7055fdb_3%B.1. Perform a vertical analysis for each course. Round your percentages to one decimal place. Bluff Run Golf CoursesIncome StatementMonth Ending July 31, 2018 Course Blue Course Black Course Gold Revenues Greens fees revenue$62,500 $89,000 $42,800 Outings revenuefill in the blank 66761c04afe0fe3_1 6,000 29,000 Total revenue$72,500 $95,000 $71,800 Expenses Landscaping$7,800fill in the blank 66761c04afe0fe3_2%$14,200fill in the blank 66761c04afe0fe3_3%$6,500fill in the blank 66761c04afe0fe3_4%Wages43,900fill in the blank 66761c04afe0fe3_5%fill in the blank 66761c04afe0fe3_6fill in the blank 66761c04afe0fe3_7%32,700fill in the blank 66761c04afe0fe3_8%Repairs and maintenance5,600fill in the blank 66761c04afe0fe3_9%2,600fill in the blank 66761c04afe0fe3_10%4,400fill in the blank 66761c04afe0fe3_11%Fuel3,100fill in the blank 66761c04afe0fe3_12%3,000fill in the blank 66761c04afe0fe3_13%1,990fill in the blank 66761c04afe0fe3_14%Utilities1,800fill in the blank 66761c04afe0fe3_15%3,000fill in the blank 66761c04afe0fe3_16%1,700fill in the blank 66761c04afe0fe3_17%Total expenses$62200 $79900 $47290 Operating income$10,300 $15,100 $fill in the blank 66761c04afe0fe3_18 Operating income %fill in the blank 66761c04afe0fe3_19% fill in the blank 66761c04afe0fe3_20% fill in the blank 66761c04afe0fe3_21%

Operating income is a profit earned after deduction operating expenses form revenue. In other words,…

Answered: The following information is from Bluff…

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	$42,800
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 Black	fill in the blank dde8e40b7055fdb_2%
Course Gold	fill in the blank dde8e40b7055fdb_3%

1. Perform a vertical analysis for each course. Round your percentages to one decimal place.


Bluff Run Golf Courses Income Statement
Month Ending July 31, 2018
	Course Blue		Course Black		Course Gold
Revenues
Greens fees revenue	$62,500		$89,000		$42,800
Outings revenue	fill in the blank 66761c04afe0fe3_1		6,000		29,000
Total revenue	$72,500		$95,000		$71,800
Expenses
Landscaping	$7,800	fill in the blank 66761c04afe0fe3_2%	$14,200	fill in the blank 66761c04afe0fe3_3%	$6,500	fill in the blank 66761c04afe0fe3_4%
Wages	43,900	fill in the blank 66761c04afe0fe3_5%	fill in the blank 66761c04afe0fe3_6	fill in the blank 66761c04afe0fe3_7%	32,700	fill in the blank 66761c04afe0fe3_8%
Repairs and maintenance	5,600	fill in the blank 66761c04afe0fe3_9%	2,600	fill in the blank 66761c04afe0fe3_10%	4,400	fill in the blank 66761c04afe0fe3_11%
Fuel	3,100	fill in the blank 66761c04afe0fe3_12%	3,000	fill in the blank 66761c04afe0fe3_13%	1,990	fill in the blank 66761c04afe0fe3_14%
Utilities	1,800	fill in the blank 66761c04afe0fe3_15%	3,000	fill in the blank 66761c04afe0fe3_16%	1,700	fill in the blank 66761c04afe0fe3_17%
Total expenses	$62200		$79900		$47290
Operating income	$10,300		$15,100		$fill in the blank 66761c04afe0fe3_18
Operating income %	fill in the blank 66761c04afe0fe3_19%		fill in the blank 66761c04afe0fe3_20%		fill in the blank 66761c04afe0fe3_21%

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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