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ruslelena [56]
3 years ago
13

Suppose a farmer in georgia begins to grow peaches. he uses​ $1,000,000 in savings to purchase​ land, he rents equipment for ​$8

0 comma 00080,000 a​ year, and he pays workers ​$150 comma 000150,000 in wages. in​ return, he produces 300 comma 000300,000 baskets of peaches per​ year, which sell for ​$3.003.00 each. suppose the interest rate on savings is 22 percent and that the farmer could otherwise have earned ​$40 comma 00040,000 as a shoe salesman.
Business
1 answer:
daser333 [38]3 years ago
7 0
<span>The farmer is better off being a farmer. After 1 year the farmer will have made 900,000 off of 300,000 baskets. Minus the lease of land and payment of workers, the farmer will have over 650,000. Leave that in the bank and do it another year, interest at 22% would net around 147,000. Add that to 650kx2. That equals a little over 1.4 million. So in closing, farmer is more lucrative than shoe salesman.</span>
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Able Trucking Corporation files a suit in a state court against Bob’s Service Company (BSC), and wins. BSC appeals the court’s d
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Answer:

Explanation:

An appellate court will reverse a lower court’s decision on the basis of the facts only

when the finding is clearly erroneous (that is, when it is contrary to the evidence

presented at trial) or when there is no evidence to support the finding. Appellate courts

normally defer to a trial court’s decision with regard to the facts of a case, however, for

several reasons. First, trial court judges and juries have the opportunity to observe

witnesses and tangible evidence first hand. The appellate court sees only a cold record of

the trial court proceedings and therefore cannot make the kind of judgments about the

credibility of witnesses and the persuasiveness of evidence that can be gleaned only from

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3 0
3 years ago
As of December 31, the Stanford company has the following information. Use this information to answer questions 1 to 3. Cash $5,
Veseljchak [2.6K]

Answer:

$10,500

Explanation:

Calculation for Stanford Company's Working Capital

Using this formula

Working capital =Current Assets- Current Liabilities

Where,

Current Assets = Cash + Accounts Receivable + Inventory + Prepaid Insurance

Current Assets = ($5,000 + $15,000 + $40,000 + $3,000) = $63,000

Current Liabilities = Accounts Payable + Notes Payable in 5 Months + Salary Payable

Current Liabilities = ($15,000 + $12,500 + $25,000) = $52,500

Let plug in the formula

Working capital =$63,000-$52,500

Working capital =$10,500

Therefore the Working Capital for Stanford Company will be $10,500

5 0
3 years ago
Martin Jackson receives an hourly wage rate of $30, with time and a half for all hours worked in excess of 40 hours during a wee
goblinko [34]

Answer: 1009.75

Explanation:

Computation of Net Pay

Hourly wage 30 × 46. = 1380

Excess hours 30×1/2×(46-40) =90

Total Gross =1470

Less:

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Medicare tax 1470×1.5% 22.05

Net Pay 1009.75

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7 0
3 years ago
Read 2 more answers
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Answer:

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4 0
3 years ago
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All providers will have the same coverage options and conditions for each plan

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