Increased prices of fertilizers would bring a change in the price of a related (substitute) good.
The use of too much fertilizers in the crop increases the crop yields but decreases it's quality and thus the crops are available at a cheaper rate. On the contrary, when the fertilizers has increased, there would be lesser application of fertilizers with a good crop yield but an increased price of the related good too.
It is not profitable to utilise a pound of fertiliser when the price is higher than the anticipated increase in revenue from applying it to the field. Producers will be encouraged to use less fertiliser per acre because fertiliser prices have risen more than most crop prices.
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Answer:
$84,842,000
Explanation:
The book value is total assets less total liabilities
Book value = initial equity + equity issued + net income
$77,842,000 + $4,000,000 + $3,000,000 = $84,842,000
Answer:
Payable days
= Accounts payable/Cost of goods sold x 365 days
= $17 million/$135 million x 365 days
= 46 days
Explanation:
Payable days could be calculated as the ratio of accounts payable and cost of goods sold multiplied by number of days in a year. Accounts payable in the current year is $17 million and cost of goods sold amounted to $135 million.
Answer:
adaptive culture
Explanation:
An organization with an adaptive culture is usually one that can adapt quickly to changes in their environment, This changes can result from technological innovations, changes in consumer habits, changes in regulations, etc.
The key issue here is that the organization will respond rapidly to new opportunities and changes.
