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. mountaintop golf course has a favorable reputation in the area andtherefore, has some control over the price of a round of golf. using a
costminus−plus
approach, what price should mountaintop charge for a round ofgolf?
a.$51.50
b.$78.50
c. $ 0.21
d. $71.00

On december 31, 2016, the decarreau, andrew, and bui partnership had the following fiscal year-end balance sheet: cash $10,000accounts receivable $20,000inventory $25,000plant assets - net $30,000loan to decarreau $18,000total assets $103,000accounts payable $14,000loan from bui $15,000decarreaua, capital (20%) $32,000andrew, capital (10%) $23,000bui, capital (70%) $19,000total liab./equity $103,000the percentages shown are the residual profit and loss sharing ratios. the partners dissolved the partnership on january 1, 2017, and began the liquidation process. during july the following events occurred: * receivables of $18,000 were collected.* all inventory was sold for $15,000.*all available cash was distributed on january 31, except for$8,000 that was set aside for contingent expenses.the book value of the partnership equity (i.e., total equity of the partners) on december 31, 2016 isa. $58,000b. $71,000c. $66,000d. $81,000