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miskamm [114]
4 years ago
11

My Notes Your small farm encompasses 110 acres, and you are planning to grow tomatoes, lettuce, and carrots in the coming planti

ng season. Fertilizer costs per acre are: $5 for tomatoes, $4 for lettuce, and $2 for carrots. Based on past experience, you estimate that each acre of tomatoes will require an average of 4 hours of labor per week, while tending to lettuce and carrots will each require an average of 2 hours per week. You estimate a profit of $3,000 for each acre of tomatoes, $1,400 for each acre of lettuce and $400 for each acre of carrots. You would like to spend at least $440 on fertilizer (your niece owns the company that manufactures it) and your farm laborers can supply up to 550 hours per week. How many acres of each crop should you plant to maximize total profits?
Business
1 answer:
maw [93]4 years ago
7 0

Answer:

For maximum profit, we'll take tomato.

Explanation:

Total = 110 Acres

                               Toamto         Lettuce        carrots

Fertilize                   5                    4                  2

Labour                    4Hr/W            2Hr/W         2Hr/W

Fertilize                  5x+4x+2X=440 it means, x=40.

                              5(40); 4(40) : 2(40)

Labour                    4x+2x+2x= 550 it means, x=68.75

                               4(68.75); 2(68.75); 2(68.75);

Profit                       3000                1400           400

Expenses               475                   297.5          217.5

Differemce of profit  2525            1102.5          232.5

Hence tomatos are best profitable.

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Alliance Company’s budgets production of 24,000 units in January and 28,000 units in the February. Each finished unit requires 4
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Answer:

Budgeted material cost for January is $ 256,000

Explanation:

Computations

<u>Raw materials requirement for January</u>

Units to be produced in January                                               24,000 units

Raw material requirement for January at 4 pounds per unit     96,000 pounds

<u>Raw materials requirement for February</u>

Units to be produced in February                                               28,000 units

Raw material requirement for February at 4 pounds per unit    112,000 pounds

40  % of requirement of February to be available end January  <u>44,800 pounds</u>

<u>Purchases for January</u>

Closing Inventory+ Consumption -Opening Inventory

44,800 pounds + 96,000 pounds  - 38,400 pounds =           102,400 pounds

Cost per pound  $ 2,50 per pound  = $ 256,000

4 0
3 years ago
An investment has the following payment structure: 1,000 payable in one year, 1,000 payable in two years, and 1,000 payable in t
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Answer: C. 7.3%

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The yield rate is a weighted average of the yields over the years:

= [ (1 * 6%) + (2 * 7%) + (3 * 8%)] / ( 1 + 2 + 3)

= 44%/ 6

= 7.33%

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2. Chico Co. sold $4 million of 10-year bonds on December 31, 2015, with interest payable June 30 and December 31 at an annual r
Aleonysh [2.5K]

Answer:

The requirement of the question is provided below:

a.  What were the proceeds received by Chico upon the sale of the bonds?  

b.  Prepare the entry made by Chico to record the sale of the bonds on December 31, 2015.

The proceeds from the issue is $4,498,488.41

The entries are:

Dr Cash                     $4,498,488.41

Cr Bonds payable                              $4,000,000

Cr Premium on bonds payable           $498,488.41

Explanation:

The first task here is to determine the proceeds from the issue, which can be done using the present value formula in excel.

=pv(rate,nper,pmt,fv)

rate is the effective rate of 10% divided by 2,since coupon is paid twice a year.

nper is the time to maturity of 10 years multiplied by 2

pmt is the coupon payment paid twice a year, that is :12%/2*$4000,000=$240,000

fv is the value expected by investors upon redemption that is $4 million

=-pv(5%,20,240000,4000000)

pv=$4,498,488.41

5 0
3 years ago
Read 2 more answers
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