Which of the following types of revenue is NOT typically tracked against rounds played?

The type of revenue that is not typically tracked against rounds played is cost of goods sold. This is because cost of goods sold (COGS) represents the direct costs attributable to the production of the goods sold by a company. In the context of a golf course or similar business, COGS would include expenses related to the purchase of merchandise, such as golf equipment or apparel sold within a pro shop.

Tracking rounds played is primarily concerned with revenue generated from specific activities related to those rounds, such as greens fees, cart rentals, and food and beverage sales, which reflect the income directly associated with the number of rounds played. COGS, on the other hand, does not focus on the revenue generated but rather on the expenses incurred to offer products for sale. Therefore, it does not have a direct correlation with the number of rounds played.

While total revenue, merchandise revenue, and net operating income/profit may all include components related to rounds played, cost of goods sold is fundamentally a measure of expense rather than revenue generation, making it distinct from revenue tracking associated with rounds.