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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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Financial functions format calculated values as currency, with _______. Question 3 options: a) positive cash flow appearing in r
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Answer:

d) negative cash flow appearing in red font.

Explanation:

Colour coding is a type of excel formatting for financial modelling.

Color coding allows anyone to immediately pick up your model and know what can be changed (assumptions) and what should not be altered (formulas).

Example:

negative cash flow (Cash outflow) of the company appears in red font while positive cash flow (Cash inflow) of the company appears in green font.

3 0
3 years ago
2 ways in which busisnsses may act ethically
hram777 [196]
Businesses can act ethically by being honest and fair
4 0
3 years ago
May 24 Sold merchandise on account to Old Town Cafe $18,450. The cost of goods sold was $11,000.
zubka84 [21]

Answer:

Date       General Ledger                                        Debit        Credit

May 24   Accounts Receivable-Old Town Café   $18,450

                      Sales                                                                   $18,450

              Cost of goods sold                                 $11,000

                       Inventory                                                            $11,000

Sept. 30  Cash                                                         $6,000

                      Allowance for Doubtful Accounts                      $12,450

                      Accounts Receivable-Old Town Cafe               $18,450

Dec. 7    Accounts Receivable-Old Town Cafe      $12,450

                      Allowance for Doubtful Accounts                     $12,450

              Cash                                                             $12,450

                       Accounts Receivable-Old Town Cafe               $12,450

7 0
3 years ago
Assume that a piece of land is currently valued at $50,000. If this piece of land is expected to appreciate at an annual rate of
Luda [366]

Answer:

The correct answer is $132,664.89.

Explanation:

According to the scenario, the given data are as follows:

Present value (PV) = $50,000

Rate of interest (r) = 5%

Time period (n) = 20 Years

So, we can calculate future value by using following formula:

Future value = PV × (1 + r)^(n)

= $50000 × ( 1 + 5% )^20

= $50000 × (1 + 0.05)^20

= $132,664.89

Hence, After 20 years land will be worth $132,664.89.

5 0
3 years ago
You have $19,750 you want to invest for the next 22 years. You are offered an investment plan that will pay you 9 percent per ye
zheka24 [161]

Answer:

$195,488.6

Explanation:

The computation of the amount at the end of the 22 years is shown below

The Amount at the end of 1st 11 years is

= Principal × (1 + interest rate)^number of years

= $19,750 × (1 + 0.09)^11

= $50,963.42  

Now the amount at the end of the last 11 years is

= $50,963.42 × (1 + 0.13)^11

= $195,488.6

hence, the value at the end of the 22 years is $195,488.60

6 0
3 years ago
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