Rolling Hills Golf Course is planning for the coming golfing season. Investors would like to earn a % return on the company's of assets. The company primarily incurs fixed costs to groom the greens and fairways. Fixed costs are projected to be for the season. About rounds of golf are expected to be played each year. Variable costs are about per round of golf. Rolling Hills Golf Course has a favorable reputation in the area and, therefore, has some control over the sales price of a round of golf. Using a costplus pricing approach, what sales price should Rolling Hills charge for a round of golf to achieve the desired profit?

$80.24

Explanation:

They should sell at a rate that will ensure that their costs as well as returns expected are covered.

Sales Price per round of golf = (Costs + Return expected) / No. of golf rounds

Costs = Fixed costs + Variable costs

= 20,000,000 + ( 18 * 410,000 golf rounds)

= 20,000,000 + 7,380,000‬

= $27,380,000

Return expected = 12% * 46,000,000

= $5,520,000‬

Sales Price per round of golf = (27,380,000 + 5,520,000‬) / 410,000

= $80.24

due to the changes the federal reserve is making the unused reserves will impact the economy by them facing inflation. inflation is definfed as the increase in pricing of a good or service but the decline of the value of money used for purchasing those items. when the economy has a high inflation rate, they are subject to money loss and hurt on the economy.

christopher columbus sail the ocean blue 1492