Use the Information Below to Answer the Following Question(s)

question 187

Multiple Choice

Use the information below to answer the following question(s) :
Green Pastures golf course is planning for the coming season. Investors would like to earn a 10% return on the company's $40 million of assets. The company primarily incurs fixed costs to groom the greens and fairways. Fixed costs are projected to be $15,000,000 for the golfing season. About 400,000 golfers are expected each year. Variable costs are about $20 per golfer.
-Using a cost-plus approach, what price should Green Pastures charge for a round of golf?

• A) $47.50
• B) $61.25
• C) $67.50
• D) $0.17

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Definitions:

Immune Response

The body's defensive reaction to foreign substances or organisms, involving recognition and destruction.

Tumor-suppressor Genes

Genes that protect a cell from one step on the path to cancer; when these genes are mutated or inactivated, the risk of cancer development increases.

Defective Alleles

Variants of genes that do not function correctly, often leading to disorders or reduced fitness in organisms.