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

question 154

Multiple Choice

Use the information below to answer the following question(s) :
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.
-Using a cost-plus approach, what price should Mountaintop charge for a round of golf?

• A) $51.50
• B) $71.00
• C) $78.50
• D) $ 0.21

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Definitions:

Listening Process

A multi-step procedure involving receiving, understanding, evaluating, remembering, and responding to spoken messages.

Reacts

A term often used in social media and online forums to describe user responses to content, such as likes, dislikes, or other emoji-based reactions.

Effective Listeners

Individuals who actively engage in listening, demonstrating understanding, and providing feedback to the speaker.

Passive Listening

A listening style where the listener does not actively engage with the speaker, often leading to a lack of understanding or retention of the information.