The Bay Golf Club uses a golf course situated in England. TABLE 4 below shows the actual and projected sources of income in pounds (£) of the Bay Golf Club based on previous trends in income for the years 2022 to 2026. TABLE 4: ACTUAL AND PROJECTED SOURCES OF INCOME (IN £) OF THE BAY GOLF CLUB FINANCIAL YEAR SOURCES OF INCOME 2022 2023 Membership fees 223 027 245 202 2024 257 460 2025 270 333 2026 284 000 Green fees 38532 42 250 44 360 46 580 49 999 Shop sales 25.983 23 500 B 26.000 28 000 Bar sales and functions 95 209 100 000 103 000 106 000 110 000 Lockers and buggy bays 4095 4042 4225 4456 4.680 Miscellaneous income Grants 2 107 2 500 2.500 2 500 2 500 7500 Total income 396-453 417 494 455 869 479 179 [Adapted from (G&SBGC) Business Plan] Use TABLE 4 to answer the questions that follow. 2.2.1 Identify the source of income that is expected to generate the second highest income across the years. (2) 222 The ratio of the income for shop sales for 2023 and 2024 is given as 47:49. Determine missing value B. (4) 223 Calculate the percentage change in the total actual and projected sources of income from 2022 to 2025. (5) 224 According to the website statista.com the projected inflation rate for 2025 and 2026 will increase by 1,82% and 2% respectively. A club member stated that if the membership fees increased according to the projected inflation, the difference between the projected inflation value for 2026 and the projected table value for 2026 will be £16 611,31. Verify, with calculations, whether or not the club member's statement is VALID. (6) [31]
