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nikklg [1K]
3 years ago
11

Suppose farmers in a given market can either grow soy beans or corn on their land. In addition, suppose an increase in the deman

d for corn causes the price of corn to increase. All else equal, an increase in the price of corn creates an incentive for farmers to: Multiple Choice switch away from growing soy beans and into growing corn. grow less corn, but not change their production of soy beans. switch away from growing corn and into growing soy beans. grow more corn, but not change their production of soy beans.
Business
1 answer:
Snowcat [4.5K]3 years ago
7 0

Answer:

switch away from growing soy beans and growing corn

Explanation:

if the price of corn increases,it would be an incentive for farmers to increase their production of corn so as to increase their profits.

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You are considering the following two mutually exclusive projects. The crossover point is _____ and Project _____ should be acce
Romashka [77]

Answer:

13.28%; B

Explanation:

Project A                                 Project B                          Differential

Year 0 -$21,000                     Year 0 -$21,000               0

Year 1 $7,000                         Year 1 $15,000                -$8,000

Year 2 $7,000                        Year 2 $5,000                 $2,000

Year 3 $15,000                       Year 3 $7,000                $8,000

the discount rate = 14%, the NPV is:

NPV project A = -21,000 + 7,000/1.14 + 7,000/1.14² + 15,000/1.14³ = $651

NPV project B = -21,000 + 15,000/1.14 + 5,000/1.14² + 7,000/1.14³ = $730

if the discount rate is 14%, project B should be accepted (higher NPV)

the crossover rate is the discount rate where both NPVs are equal.

we must find the IRR using an excel spreadsheet and the IRR function:

=IRR (0,-8000,2000,8000) = 13.28%

3 0
3 years ago
Roma and Swain are partners in Roma & Swain Attorneys, LLP, a limited liability partnership. Roma supervises their firm's as
meriva

Answer:

b. Roma and Taylor

Explanation:

In this case each attorney is liable for his negligence, so Taylor will be liable for not appearing in court .

Roma is his supervisor, and he will also be liable because he is responsible for Taylor's performance.

The other attorneys in the firm will not be liable, because there is personal liability. When they are not directly involved in negligence, they will not be liable to Umberto.

4 0
3 years ago
The more conservative a firm's management is, the higher its total debt to total capital ratio [measured as (Short-term debt Lon
PtichkaEL [24]

Answer:

False

Explanation:

The conservative approach is that the firm has greater level of working capital investment than the competitor or industry average. So to fund the higher level of working capital the company has a set of policy and targets related to the level of debt level which means the company will not be willing to borrow further money if their borrowing exceeds the set limit or benchmark. They might use the equity instruments (Preferred stock or Common equity) to fund the higher level of working capital.

So their no absolute argument whether the denominator will increase or the nominator will increase in the Total debt to capital ratio. Hence the statement is false.

8 0
3 years ago
In January of 2018, the Phillips Company purchased a patent at a cost of $100,000. In addition, $10,000 in legal fees were paid
soldi70 [24.7K]

Answer:

The answer is: $113,000

Explanation:

By 2020, Phillips Company had already amortized $22,000 of the patent expenses (2 years x [10% x ($100,000 + $10,000)]). Since it lost its patent defense in 2020, it will now have to write off $113,000 ($88,000 pending amortization + $25,000 in legal fees) for the adjustment of its 2018 income.

5 0
3 years ago
Most operating decisions of management focus on a narrow range of activity called the______________.
antoniya [11.8K]

Answer:

C. Relevant range of production

Explanation:

3 0
3 years ago
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