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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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The payback method can only be used when the net cash inflows from a capital investment are the same for each period.
charle [14.2K]
The statement above is FALSE. The cash pay back techniques is an important accounting too which managers used to evaluate the viability of capital projects before they decide to go for such projects. The method is used to evaluate how long a capital project will take to cover its original investment. 
5 0
4 years ago
Last year Tiemann Technologies reported $10,500 of sales, $6,250 of operating costs other than depreciation, and $1,300 of depre
Kaylis [27]

Answer:

a.-$562.5

Explanation:

Deprecation will reduce net income by ($750)

The tax impact will be 750*25%=          $187.5

Net impact on net income after tax       ( $562.5)

The answer is a.-$562.5

4 0
3 years ago
A company with a June 30 fiscal year-end entered into a $3,000,000 construction project on April 1 to be completed on September
Wewaii [24]

Answer:

$11,666            

Explanation:

The computation of the mount of interest should be capitalized to the project on June 30 is shown below:

= $500,000 × 0.05 × 3 months ÷ 12 months + $300,000 × 0.05 × 2 months ÷ 12 months  + $700,000 × 0.05 × 1 months ÷ 12 months

= $6,250 +  $2,500  + $2,916

= $11,666        

The $300,000 is come from

= $800,000 - $500,000

And, the $700,000 is come from

= $1,500,000 -$800,000

= $700,000          

According to the months, the number of months are chosen.                                                                                      

4 0
3 years ago
Zumba classes sell all 20 participant spots at a price of $4.50 each. When the instructor raised the prices to $5.50, 10 people
Ugo [173]

Answer:

Zumba classes sell all 20 participant spots at a price of $4.50 each. When the instructor raised the prices to $5.50, 10 people attended the class. From the midpoint method, the price elasticity of demand for Zumba is:

0.286

Explanation:

20 at $4.50= $90

10 at $5.50= $55

price elasticity= change in quantity demand/ change in price

20-10= 10 change in quantity demand

$90-$55= $35

10/35=0.286

8 0
3 years ago
You’re trying to save to buy a new $215,000 Ferrari. You have $36,000 today that can be invested at your bank. The bank pays 4.3
gulaghasi [49]

Answer:

42.45 years

Explanation:

Discounting is the means by which the today's value of an amount in the future is computed. Compounding is the process by which the future value of  a present amount is determined. In other words, the present value of $1 tomorrow is determined by discounting while the future value of $1 tomorrow is determined by compounding.

Where

Fv = Pv(1 + r)^n

Fv is the future value

Pv is the present value

r is rate

n is time

215000 = 36000(1 + 0.043)^n

215/36 = 1.043^n

Taking the log of both sides

log (215/36) = log 1.043^n

n = log (215/36) / log 1.043

n = 42.45 years

It will take 42.45 years to have enough to buy the car

6 0
3 years ago
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