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

question 176

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.
-If the Green Pastures golf course is a price-taker and won't be able to charge more than its competitors who charge $75 per round of golf. What profit will it earn in terms of dollars?

• A) $7,000,000
• B) $(7,000,000)
• C) $15,000,000
• D) $(15,000,000)

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Definitions:

Female Board Directors

Refers to women serving on the boards of directors in various organizations, aiming to enhance diversity and decision-making processes.

Corporate Officers

High-ranking executives appointed or elected to manage an organization's affairs and make significant business decisions.

Financially Outperform

The act of achieving superior financial results or returns compared to a specific benchmark or peer group.

Sexual Orientation

A person's emotional, romantic, or sexual attraction to others, characterized by different identities such as heterosexual, homosexual, bisexual, etc.