If Farmer Jane sells her tomatoes for $3 per pound and has variable cost of $1.50 perpound, how many pounds would she need to sell after her fixed expenses of $500 toshow a net profit of $2,000?O a) 1333 poundsO b) 1667 poundsc) 667 poundsd) 833 pounds

Here in this question we are required to calculate how many pound tomatoes need to sell to show a…

Answered: If Farmer Jane sells her tomatoes for…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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If Farmer Jane sells her tomatoes for $3 per pound and has variable cost of $1.50 per pound, how many pounds would she need to sell after her fixed expenses of $500 to show a net profit of $2,000? O a) 1333 pounds b) 1667 pounds c) 667 pounds O d) 833 pounds