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Agricultural output is affected by the weather. Excessively high temperatures and a lack of rainfall are detrimental too crop yi

Dimas [21]

Answer:

<u>Scenario:</u>

1. Agricultural output is affected by the weather.

2. Excessively high temperature + lack of rainfall = less crop yields.

3. Farmers desire to maximize crop yields under the best growing conditions and accept whatever the weather offers.

4. For a particular crop, actual yield < desired yield.

<u>Solution: </u>

1. Conditions for less than desired yield to be beneficial for farmers revenue:

a) Higher market demand: The market demand for the crop this year may be far higher than the supply since the yield is less than desired.

b) With market demand outstripping supply, price for the crop will skyrocket, according to the law of demand and supply.

c) Total revenue may become more this year, given the increased demand, less supply, and increased price per unit.

2. a) The surprising result is possible, because more people will want to buy the crop. The total quantity they may require will be higher than the actual quantity available for sale. The sellers will take advantage of this situation to raise the price per unit.

b) For example, yam tubers cost $2 per pound last year. The total pounds of yam produced was 200 pounds. The total revenue for all sellers would not exceed $400 ($2 * 200 pounds). If the yam produced this year is 50 pounds and the price per pound is $10. The farmers revenue will be $500 ($10 * 50 pounds). With this hypothetical example, it can be clearly seen that total revenue increased by $100 despite the reduced crop yield.

Explanation:

What is operational here is the economic law of demand and supply. The law states that when the demand is higher than the supply, the price will be higher. On the other hand, when the supply is higher than the demand, the price will be lower. Equilibrium price is achieved when demand equals supply, all things being equal.

All things are equal when there is a perfect market with information available equally to sellers and buyers. This enables transactions to be carried out at an arm's length between knowledgeable buyers and sellers. The implication is that buyers and sellers do not take advantage of the other party to cheat on price or act on a cartel basis.

4 0

3 years ago

Over the past four years, the common stock of Jess Electronics Co. produced annual returns of 7.2, 5.8, 11.2, and 13.6 percent,

klasskru [66]

Answer:

Standard Deviation = 0.032 or 3.2%

Therefore, Option C) 3.22 percent is the correct answer

Explanation:

Given the data in the question;

lets make a table;

year market Treasury bills Risk deviation square of

returns returns premium from mean deviation

A B (A - B) Avg - (A - B) (Avg-(A-B))²

1 7.2% 3.4% 3.8% -0.0195 0.0004

2 5.8% 3.3% 2.5% -0.0325 0.0011

3 11.2% 4.1% 7.1% 0.0135 0.0002

4 13.6% 4.0% 9.6% 0.0385 0.0015

sum(∑) 23% 0.0032

Average Avg = ∑(A-B) /n = 23/4 = 5.75%

so Variance = ∑(Avg-(A-B))² / n-1 = 0.0032 / (4-1) = 0.0032 / 3 = 0.0010

Standard Deviation = √variance = √0.0010 = 0.0316 ≈ 0.032 or 3.2%

Therefore, Option C) 3.22 percent is the correct answer

3 0

3 years ago

Roth Service Co. experienced the following transactions for 2018, its first year of operations: Provided $80,000 of services on

Stels [109]

Answer and Explanation:

a. The preparation of income statement is shown below:-

Income Statement

Service revenue $80,000

operating expenses

Salary expenses $28,000

Uncollectible accounts

expense $3,273

Total operating expense $31,273

Net income $48,727

Working Note :-

Days Amount Percentage Allowance balance

Current $16,800 0.01 $168

0-30 $5,100 0.05 $255

31-60 $4,000 0.10 $400

61-90 $2,000 0.30 $600

Over 90

days $3,700 0.50 $1,850

Total $31,600 $3,273

b. The computation of net realizable value of the accounts receivable is shown below:-

Net realizable value = Accounts receivable - Allowance for doubtful accounts

= ($80,000 - $48,400) - $3,273

= $31,600 - $3,273

= $28,327

4 0

3 years ago

One important driver for organizational change is ________, meaning that leaders continually urge employees to strive for higher

OLEGan [10]

An important driver of organizational change is the influential power, which means that leaders continually encourage employees to seek higher standards or best practices.

<h3 /><h3>What is the influential power?</h3>

It is a characteristic related to organizational leadership, that is, the leader is responsible for driving organizational change through his own example and behaviors, which when positive, will reflect the behavior of employees, helping to motivate, productivity and create a favorable culture to development.

Therefore, it is essential that the leader drives organizational change through compliance with ethics, objective and direct communication and assistance to the needs of employees.

Find out more about leadership here:

brainly.com/question/12522775

#SPJ1

6 0

2 years ago

The process of transferring the debits and credits from the journal entries to the accounts is called a.journalizing b.sliding c

Rudiy27

Answer:

d. posting

Explanation:

There are various steps to prepare the financial statements. These are as follows:

1. Journalizing: It is a recording of business transaction with a narration in which the one account is debited and the other account is credited. It can be more transactions debited and credit that is depending upon the nature of the transaction.

2. Ledger posting: After recording the journal entries, the next step is to make the number of ledger i.e posting of the amount and the accounts to their respective ledger i.e sales ledger, purchase ledger, etc

3. Trial balance

4. Income statement

5. Statement of owners equity

6. Balance sheet

7. Cash flow statement

4 0

3 years ago

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