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Discuss has some control over the price of a round of golf

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Reference no: EM131755090

Mountaintop golf course is planning for the coming season. Investors would like to earn a 12% return on the company's $45 million of assets. The company primarily incurs fixed costs to groom the greens and fairways. Fixed costs are projected to be $20,000,000 for the golfing season. About 400,000 golfers are expected each year. Variable costs are about $15 per golfer. Mountain top golf course has a favorable reputation in the area and therefore, has some control over the price of a round of golf. Using a costminus-plus approach, what price should Mountaintop charge for a round of golf?

A. $51.50
B. $78.50
C. $ 0.21
D. $71.00

Reference no: EM131755090

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