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dlinn [17]
3 years ago
14

Clem Oatley could grow wheat and barley. He could grow 75 bushels of wheat or 125 bushels of barley using the same resources on

an acre of his land. The price of wheat is $2.00 per bushel and the price of barley $ 0.80. What should he specialize in
Business
2 answers:
BabaBlast [244]3 years ago
6 0

Answer:

Clem should specialise in wheat production because he has higher profits there

Explanation:

Clem needs to make a decision on the product that will maximise his profits and not just the number of units of products he can manufacture.

If he produces only wheat he will have profit of 75 bushels * $2 = $150

If he produces only barley his profit will be 125 bushels * $0.80 = $100

This shows that wheat is more profitable for Clem. Even though he can produce more units of barley.

frozen [14]3 years ago
6 0

Answer: Wheat

Explanation:

If Clem produced only wheat he would have;

= 75 * 2

= $150

If he instead produced only barley he would have;

= 125 * 0.80

= $100

Clem should therefore specialize in wheat as it would bring in more returns.

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RUDIKE [14]

Answer:

Explanation:

There are three types of activities in the cash flow statement which are described below:  

1. Operating activities: It includes those transactions which affect the working capital after net income. The increase in current assets and a decrease in current liabilities would be deducted whereas the decrease in current assets and an increase in current liabilities would be added.  

These changes in working capital would be adjusted. Moreover, the depreciation expense is added to the net income  and the dividend and interest is received is recorded in this activity.

The loss and gain on sale of the assets is also recorded and amortization on intangible asset is also recorded

2. Investing activities: It records those activities which include purchase and sale of the long term assets. The purchase is an outflow of cash whereas sale is an inflow of cash

3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance. The issue of shares is an inflow of cash whereas redemption and dividend is an outflow of cash.

The categorization is shown below:

(1) Exchange of land for patent - Non-cash investing and financing activity as it does not involve any cash transaction

(2) Sale of building at book value - Investing activity

(3) Payment of dividends - Financing activity

(4) Depreciation - Operating activity

(5) Receipt of dividends on investment in stock - Operating activity

(6) Receipt of interest on notes receivable - Operating activity

(7) Issuance of capital stock -  Financing activity

(8) Amortization of patent - Operating activity

(9) Issuance of bonds for land - Non-cash investing and financing activity as it does not involve any cash transaction

(10) Purchase of land - Investing activity

(11) Conversion of bonds into common stock - Non-cash investing and financing activity as it does not involve any cash transaction

(12) Loss on sale of land -  Operating activity

(13) Retirement of bonds - Financing activity

7 0
3 years ago
Bono was kicked out of the band U2 for failing to attend rehearsals on time and constantly cutting the strings of Adam Clayton b
never [62]

Answer:

B

Explanation:

He was fired for constantly missing rehearsals which is a duty of his role as an employee of U2

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Foley Foods is a mid-size food processing facility that has had a significant increase in business lately. The firm needs to hir
pishuonlain [190]

Answer:

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Explanation:

For Foley foods to increase its productivity need, the firm will have to hire new workers to assist other workers for the night shift, as to improve its productivity needs.

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Answer and Explanation:

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For recording this we debited the account payable as it decreased the liabilities and credited the note payable as it increased the liabilities

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(Being cash paid is recorded)

For recording this we debited the note payable and interest expense as it decreased the liabilities and increased the expense and credited the cash as it decreased the assets

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