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Leya [2.2K]
3 years ago
8

You sold 12 plants for $5.00 each. You purchase seeds at the Dollar Store for .50 a pack. The plant container costs $2.00 each.

What is the profit or loss?
Business
2 answers:
andreev551 [17]3 years ago
6 0

Answer:

$35.50 profit

Explanation:

Revenue = $60  (as 12 x 5) = £60)

Plant container $24 (as 2 x 12 = $24)

Seeds $0.50

Subtraction from Revenue = 60-24-0.50 = $35.50

As you would have bought plant pots separately, and each are $2 and because you wouldn't have used these for growing for seed, only for sales and replanting, having used a seedling tray as extra and not shown these costs- each plant therefore would require a plant container priced $2 each.

alina1380 [7]3 years ago
5 0

Answer: Well, first this relies on whether or not a pack plants twelve plants or just one. For the sake of this question, I will assume they plant one. Each plant costs two dollars and fifty cents to plant, and each are sold for five dollars, making two dollars and fifty cents profit on each. 12 times 2.5 is thirty dollars of profit total.

Explanation:

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3 years ago
Suppose that you own a 20-acre plot of land that you would like to rent out to wheat farmers. For them, bringing in a harvest in
mars1129 [50]

Answer:

1. The most that the farmer would pay to rent 20 acre is $100.

2. The price of wheat rose to $6 per bushel is $900.

Explanation:

Given the information, we have:

Total cost per acre

= $35 + $80 + $70 = $185

Revenue from wheat per acre

= 40 x $5 = $200

Contribution per acre = $200 - $185 = $15

The most that the farmer would pay to rent 20 acre is

==>20 x ($15 - $10) = $100

If the price of wheat rose to $6, the most that farmer would pay

= 20 x (240 - 185 - 10)

= $900

5 0
3 years ago
On August 1, a $42,000, 7%, 3-year installment note payable is issued by a company. The note requires equal payments of principa
Anvisha [2.4K]

Answer:

b. $16,004.17

Explanation:

The bond pays annual interest of 7% over the 3 years. The annuity factor at 7% for 3 years is 2.6243. The amount of bond is divided by annuity factor to calculate the annual payment of bond. The payment includes bond principal repayment and interest payment. The first payment on July 31 will be for $16,004.17.

8 0
3 years ago
Fixed cost refers to: Group of answer choices the consideration exchanged for the ownership or use of a good or service. total e
Goryan [66]

Answer:

Expenses that are stable and do not change with the quantity of products that is produced and sold

Explanation:

Fixed cost refers to cost that do not change with the level of output. They are otherwise known as overheads or indirect costs and are expenses that are not dependent on the out level of produce by the business.

In addition, fixed cost are also cost that has to be incurred by the business independent of business activities.

Examples of fixed costs are rent, cost of business , loan payments, insurance premiums, salaries etc. All these do not vary with the level or number of units produced or sold.

5 0
3 years ago
On June 30, 20X5, Mill Corp. incurred a $100,000 net loss from disposal of a business segment. Also, on June 30, 20X5, Mill paid
OleMash [197]

Answer:

$120,000

Explanation:

Total amount for inclusion in determining Mill Corp's net income or loss is as follows.

  • Net loss from disposal of business segment = $100,000
  • Property tax for 6 months to June 30, 20x5= $40,000 * 0.5 = $20,000

Therefore, total amount for inclusion = $100,000 + $20,000 = $120,000.

3 0
3 years ago
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