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Maksim231197 [3]
3 years ago
9

Farmer Brian has 3 acres of land which he farms efficiently. Each acre can support 10 apple trees. However the 3 acres differ in

their ability to support orange trees. He can grow 30 orange trees on the best land, 20 orange trees on the ok land, and 10 orange trees on the bad land. If he initially has all is land growing apples, what would be the opportunity cost of growing an orange tree
Business
1 answer:
Stella [2.4K]3 years ago
7 0

Answer:

According to the question, the 3 acres of land can support 10 apple trees irrespective of the land quality.

But there is an issue in cultivating orange trees because it requires some land of good quality for better production results.

Opprtunity cost is sacrifying return from one project to attain the return from the another project.

This means opportunity cost of growing 30 orange tree on the best land is 30 apple tree, growing 20 orange trees on ok land is 30 apple tree and growing 10 orange trees on bad land is also 30 apple trees.  

So from the opportunity cost scenario, it is better to cultivate orange only if the price and land quality is best otherwise, apple trees are the best option here.

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If you fire Julio from his job after making one mistake but did not fire John for making the same mistake several times, you hav
ahrayia [7]

In this scenario, we have committed an error related to Procedural justice

Procedural justice refers to way of ensuring fair justice by making decisions according to fair processes to ensure fair treatment.

According to this justice rule, the same rule must be applied to similar scenario and must be impartial as well in order to ensure fair justice.

In conclusion, we have committed an error relating to procedural justice because the rule that was <em>applied to Julio </em>was <em>not applied to John</em>, therefore, there was a bias in justice.

Read more about this here

<em>brainly.com/question/10925598</em>

5 0
2 years ago
What is the weighted average cost of capital (WACC) for ABC Limited which has the following capital structure? $5m of equity wit
katrin2010 [14]

The weighted average cost of capital (WACC) for ABC Limited is 12.63%

The weighted average cost of capital(WACC) of a firm is the average cost of finance incurred by the firm on all its sources of finance.

It is determined as the sum of the cost of each source of finance multiplied by their respective weights in the firm's capital structure.

By weights, I mean the percentage of funding each source contributes to the total finance available at the firm's disposal.

WACC=(weight of equity*cost of equity)+(weight of mezzanine finance*cost of mezzanine finance)+(weight of debt*cost of debt)

weight of equity=equity finance/total finance

cost of equity=15%

weight of mezzanine finance=mezzanine finance/total finance

cost of mezzanine finance=9.5%

weight of debt of finance=debt finance/total finance

total finance=$5m+$2m+$1m

total finance=$8m

WACC=($5/$8*15%)+($2/$8*9.5%)+($1/$8*7%)

WACC=12.63%

Find further guidance on weighted average cost of capital's computation in the link below:

brainly.com/question/25566972

#SPJ1

7 0
2 years ago
At December 31, Gill Co. reported accounts receivable of $238,000 and an allowance for uncollectible accounts of $600 (credit) b
Firlakuza [10]

Answer: $7,740

Explanation:

Given, At December 31, Accounts receivable = $238,000

Allowance for uncollectible accounts = 3% of (accounts receivable)

∴ Allowance for uncollectible accounts = 3% of ($238,000 )

=$(0.03 ×238,000)                [3% = 0.03]

= $ (7140)

= $7,140

Allowance for uncollectible accounts (credit) before any adjustments= $600

The amount of the adjustment for uncollectible accounts = Allowance for uncollectible accounts +  $600

= $7,140 +  $600

= $7,740

Hence, The amount of the adjustment for uncollectible accounts would be: <u>$7,740.</u>

5 0
3 years ago
Everfi: Module 3
Kisachek [45]

Answer: I am pretty sure the best 2 answers will be your rent and car payment

Explanation:First off Shelter is a need not a want. Electricity, a Backpack, Car insurance and a cell phone plan is a want. So maybe just the rent but I for sure know rent and food is a definite need.

7 0
3 years ago
Read 2 more answers
Consider the supply and demand schedules for calzones at a local pizzeria. Use the information in the schedules to answer the fi
podryga [215]

Answer:

10 dollars

Explanation:

First of all you have to arrange the values properly so that the prices would correspond with the quantity demanded or supplied.

After arranging, I found the equilibrium price to be 10 dollars, here we can see that the price of the quantity of goods supplied is the same as the price quantity of goods demanded. The number of goods that were demanded and supplied at this price, 10 dollars is 80 units

8 0
3 years ago
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