1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
What is a company's authorized share capital? ​
nadezda [96]

Answer:

Authorized share capital is the number of stock units (shares) that a company can issue as stated in its memorandum of association or its articles of incorporation. Authorized share capital is often not fully used by management in order to leave room for future issuance of additional stock in case the company needs to raise capital quickly. Another reason to keep shares in the company treasury is to retain a controlling interest in the business.

6 0
3 years ago
What is the future value of a 500 annuity payment over wight years if interest rates are 14 percent?
Setler [38]

The future value of a 500 annuity payment over wight years if interest rates are 14 percent is $6,616.38.

The value of an asset at a future date is its future value. It is the present value multiplied by the accumulation function, and it estimates the nominal future sum of money that a certain amount of money is "worth" at a given point in the future under the assumption of a specific interest rate, or rate of return. The value is unadjusted for inflation or any other future-related variables that may impact the real value of money. Calculations of the time worth of money use this.

The value of money changes over time; for example, $100 now is worth less than $100 in five years. This is because $100 invested today in a stock, a bond, or any other investment will grow or decrease depending on the rate of return. Additionally, due to inflation (an increase in the purchasing price), if $100 is used to acquire an item today, it's probable that $100 won't be enough to do so in five years.

Learn more about future value here:

brainly.com/question/14860893

#SPJ4

6 0
2 years ago
Lin’s Dairy uses the aging approach to estimate bad debt expense. The ending balance of each account receivable is aged on the b
Nesterboy [21]
What amount should be recorded as Bad Debt Expense for the current year?
Not yet due:
22,000
Estimated Percentage Uncollectible: 3%
Estimated Amount Uncollectible: 660

Up to 120 days past due:
6500
Estimated Percentage Uncollectible: 14%
Estimated Amount Uncollectible:
910

Over 120 days past due:
2800
Estimated Percentage Uncollectible: 34%
Estimated Amount Uncollectible: 952

Estimated Balance in allowance for doubtful accounts: 2522

Current balance in allowance for doubtful accounts: 1200

Bad Debt Expense for the Year: 1322
4 0
2 years ago
As part of research study, a researcher decides that she will use the number of pieces of junk mail that a family receives each
PilotLPTM [1.2K]

Answer:

b. not valid.

Explanation:

Validity of a research is an indicator of how logical an argument is, also considers the method used and the design. Validity means that there is an established relationship in the data that has been collected.

In this instance there is no correlation between the number of junk mail received by a family and their wealth, then her argument is not valid.

5 0
3 years ago
When economists study aggregate supply and aggregate demand, what are they studying?
GenaCL600 [577]
Answer: They are studying Macroeconomics.

Explanation: 
Macroeconomics is a branch of economy that deals with the study of demand and supply and overall economic activities happening around as a whole instead in parts. Thus, when economists are studying aggregate demand and supply, they are studying macroeconomics and not microeconomics.
5 0
3 years ago
Read 2 more answers
Other questions:
  • It was the third meeting, but the group had finally agreed on the roles for each member. Cathy felt good about how things were p
    11·1 answer
  • _______ product/services are those such as an Apple iPod, Harley Davidson, or Starbucks latte for the which the consumer shows a
    10·1 answer
  • The ________ reflects the opportunity costs of spending funds now versus achieving a return through another investment, as well
    7·1 answer
  • Elin owes floyd $10,000. floyd assigns the claim to gary. gary does not notify elin of the assignment. later, floyd assigns the
    8·1 answer
  • Pat, an insurance executive, contributed $1,000,000 to the re-election campaign of Governor Stephens, in hopes that Stephens wil
    7·1 answer
  • Ash, Inc., has declared a dividend of $6.60 per share. Suppose capital gains are not taxed, but dividends are taxed at 20 percen
    6·1 answer
  • Which would you use to determine how much money you have left over to save each month
    10·1 answer
  • Thermopolis, Inc. reported retained earnings of $490,953 on December 31, 2017. During the year, Thermopolis recorded net income
    9·1 answer
  • Jack's Corp. has $5 billion is total assets, and its tax rate is 40%. Its basic earnings power (BEP) ratio is 12%, and its retur
    8·1 answer
  • When an individual transfers property to another taxpayer during their life, without receiving or expecting to receive value in
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!