What price should mountaintop charge for a round of golf

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Reference no: EM131920628

Problem

Mountaintop golf course is planning for the coming season. Investors would like to earn a 12%, return on the company's $46,00,000 of assets. The company primarily incurs fixed costs to the greens and costs any $22,000,000 for the golfing season. About 410,000 are expected each year. Variable costs are about $19 per. cost-plus approach, what price should Mountaintop charge for a round of golf?

Reference no: EM131920628

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