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3 years ago

What can a food surplus lead to?

1 answer:

4 0

A food surplus in a society can lead to many different things. But based on the principles of supply and demand a surplus of food should lead to a reduction in the price of food, because the quantity supplied is most likely higher than the quantity demanded. In addition a food surplus could lead a country or companies to sell their food surplus internationally or to "dump" the goods on another country or market by selling the goods for a very cheap price most likely lower than the price of the good in that market prior to the entry of this new producer or country with the food surplus.

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In September 2019, the budget committee of Jason Company assembles the following data: 1. Expected Sales October $1,800,000 Nove

Sliva [168]

Answer:

$1,068,000

Explanation:

JASON COMPANY

Budgeted Income StatementFor the Month Ended October 31, 2019

Sales $1,800,000

Cost of goods sold

Inventory, October 1 $216,000

Purchases $1,068,000

Cost of goods available for sale $1,284,000

($1,068,000+$216,000)

Less: Inventory, October 31 $204,000

Cost of goods sold $1,080,000

($1,284,000-$204,000)

Gross profit $720,000

($1,800,000-$1,080,000)

Supporting Computations:

Budgeted cost of goods sold $1,080,000

Desired ending merchandise inventory 204,000

Total $1,284,000

Less: Beginning merchandise inventory ,($216,000)

Budgeted merchandise purchases$1,068,000

October

$1,800,000 × 60% = $1,080,000.

($1,700,000 × 60%) × 20% = $204,000.

$1,080,000 × 20% = $216,000.

6 0

3 years ago

A man buys a racehorse for $20 comma 00020,000 and enters it in two races. He plans to sell the horse afterward, hoping to mak

Step2247 [10]

Answer:

<h2>A man buys a racehorse for $20,000 and enters it in two races. He plans to sell the horse afterward, hoping to make a profit. If the horse wins both races, its value will jump to $100,000. If it wins one of the races, it will be worth <em>$50,000.</em></h2>

Explanation:

7 0

3 years ago

Jason Allen is 30 years and wants to retire when he is 65. So far he has saved (1) $6,960 in an IRA account in which his money i

grandymaker [24]

Answer:

It will make annual deposits for $ 4,056.202

Explanation:

His goal is a future value of 1,000,000 in 35 years.

we will deduct from this the future value of his other investment:

$Principal \: (1+ r)^{time} = Amount$

Principal 6,960.00

time 35.00

rate 0.08300

$6960 \: (1+ 0.083)^{35} = Amount$

Amount 113,397.95

<u>Market account</u>

$Principal \: (1+ r)^{time} = Amount$

Principal 4,310.00

time 35.00

rate 0.05250

$4310 \: (1+ 0.0525)^{35} = Amount$

Amount 25,837.53

<u>Proceeds required from the fund:</u>

1,000,000 - 113,397.95 - 25,837.53 = 860,764.52

Now we calculate the PMT:

$PV \div \frac{1-(1+r)^{-time} }{rate} = C\\$

PV $860,764.52

time 34 years

(we must notice it will beging this investment next year, so at 31 years old)

rate 0.0934

$860764.52 \div \frac{1-(1+0.0934)^{-34} }{0.0934} = C\\$

C $ 4,056.202

5 0

3 years ago

1. Given the nominal interest rate of 17% and the expected inflation of 13%, then the value of the real interest rate is ___ ?

Veronika [31]

Answer:

According to fisher equation

(1+nominal Interest rate)=(1+real interest rate)(1+inflation)

1) So 1.17=(1+R)(1.13)

1+R=1.17/1.13

R=1.035-1

R=0.0353

Real interest rate = 3.53 percent

2) (1+NIR)= 1.03*1.04

1+ NIR= 1.072

NIR= 0.072

Nominal interest rate = 7.2 percent

A lender prefers a higher real interest rate as he will earn more money on the amount he has lend if the real interest rate is higher.

A borrower will prefer a lower real interest rate as he will have to pay lower interest payments on an amount if the real interest rate is lower.

Explanation:

6 0

3 years ago

The primary goal of social business is to deepen interactions with employees and customers. True False

ivanzaharov [21]

Answer:

True

Explanation:

As in order to spread the interaction and to diversify the market, the primary goals s to deepen the social interaction among the members of the thereby interaction with the employees and the customers and hence this will lead to the increase in the profits.

6 0

4 years ago