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s344n2d4d5 [400]
3 years ago
5

Philo T. Farmsworth is a corn farmer with a 40-acre tract of land. Each acre can produce 100 bushels of corn. The cost of planti

ng the tract in corn is $20,000, and the cost of harvesting the corn is $10,000. In May, when corn is selling for $10 per bushel, Philo plants his crop. In September the price of corn has fallen to $2 per bushel. What should Philo do? Explain, assuming that there are no costs involved with bringing the corn to market to sell.
Business
1 answer:
k0ka [10]3 years ago
7 0

Answer:Philo should sell.

Explanation:

If price falls $2, the final price would be $8. So Philo's income will be:

40 acre x 100 bushel x $8 = $32.000

And costs will be:

Planting cost = $20.000

Harvesting cost = $10.000

Total cost = $30.000

$32.000 - $30.000 = $2.000

So Philo's earning will be $2.000

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Real GDP:
Gre4nikov [31]

Answer:

The correct answer is measures economic activity and income.

Explanation:

Real GDP is the economic measure to determine the total production of goods and services produced by a country at constant prices. This means that this indicator does not take into account price changes over time (inflation), which differs from nominal GDP, which does consider the value of money in a given period of time.

5 0
3 years ago
In accounting for uncollectible receivables, the balance in Allowance for Doubtful Accounts will directly impact the amount of t
andriy [413]

Answer:

c. the analysis of receivables method.

Explanation:

In accounting for uncollectible receivables, the balance in Allowance for Doubtful Accounts will directly impact the amount of the adjustment when applying the analysis of receivables method.

The uncollectible account for receivables includes loans, credit sales or other debts that the business isn't expecting payment for and they are recorded as bad debt expense on the balance sheet.

The allowance for doubtful account method is used to account for the bad debt expense, and recorded before the bad debt occurs.

Basically, there are two (2) main methods of determining uncollectible accounts for receivables under the allowance method, these are;

1. The analysis of receivables method.

2. The percentage of sales method.

In this scenario, we are more concerned with this;

The analysis of receivables method is used to determine uncollectible account for receivables based on the age of respective accounts receivable.

4 0
3 years ago
In terms of microeconomic analysis, what is the function of utils?.
makvit [3.9K]

Answer:  a measurement of utility

Explanation:

7 0
2 years ago
Which of the following are assumed to remain unchanged along a given short run aggregate supply curve?
sergejj [24]
I had to look for the options and here is my answer:

Given the short run aggregate supply curve, the ones that are believed to stay unchanged along it would be the i<span>nstitutions, such as patent laws and tax systems, that make up the "rules of the game" and the resource prices. (These answers are based on the actual options with this question.)</span>
5 0
3 years ago
What size hammer makes a good jig for finding the height of an outlet box?
V125BC [204]

The apt size of a hammer that can be used a s a jigsaw would be

16oz.

Explanation:

To see the size of hammer that would be necessary we must understand the size of the outlet box and how it would require the jig to be.

The average height of an outlet box is usually 12 inches from the floor and it is then attached to a secondary box above it which is 16 inches

So, to lift this piece by the jig we can see that the standard sized hammer of 16 ounces would be apt and would do the job completely well.

So this is the one that must be used.

3 0
3 years ago
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