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bernie2981 bernie2981
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Green Pastures golf course is planning for the coming season. Investors would like to earn a 12% 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 $20 million for the golfing season. About 500,000 golfers are expected each year. Variable costs are about $12 per golfer. The Green Pastures course has a favorable reputation in the area and therefore, has some control over the price of a round of golf.

Based on these numbers, what are Green Pasture's total costs?
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Managerial Accounting

Managerial Accounting


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nucleinuclei
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bernie2981 Author
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8 years ago
Wow! Thank you
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