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Alekssandra [29.7K]
4 years ago
11

2-B. A farmer estimates that if he harvests his soybean crop now, he will obtain 1,000 bushels, which he can sell at $3.00 per b

ushel. However, he estimates that this crop will increase by an additional 1,200 bushels of soybeans for each week he delays harvesting, but the price will drop at a rate of 50 cents per bushel per week; in addition, it is likely that he will experience spoilage of approximately 200 bushels per week for each week he delays harvesting. When should he harvest his crop to obtain the largest net cash return, and how much will be received for his crop at that time
Business
1 answer:
Sholpan [36]4 years ago
7 0

Answer:

the farmer should wait for two weeks in order to be able to obtain 3,000 bushels and sell then at $2 per bushel, total revenue $6,000

Explanation:

time to harvest        bushels           price          revenue

today                        1,000               $3              $3,000

1 week                      2,000              $2.50         $5,000

<u>2 weeks                   3,000              $2               $6,000</u>

3 weeks                   4,000              $1.50           $6,000

4 weeks                   5,000              $1                $5,000

5 weeks                   6,000              $0.50         $3,000

net increase per week = +1,200 bushels - 200 bushels = 1,000 bushels

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3 years ago
The following data for Romero Products Inc. are available:
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Answer:

Sales quantity factor = - $600,000

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Explanation:

sales quantity factor is the effect of change in number of units sold with respect to the budgeted price or planned price.

Unit price factor is the change in price per unit with respect to the actual number of units sold.

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Kindly see attached picture

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3 years ago
A music school has budgeted to purchase three musical instruments. they plan to purchase a piano costing $3,000, a guitar costin
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Answer:

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<em>I hope this information can help you.</em>

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3 years ago
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