Josel has 60 acres of land. It takes 1 acre to grow 1 bushel of corn and 4 acres to grow 1 bushel of wheat. Outside merchants buy and sell corn and wheat at prices Pc = $2 and Pw = $6, respectively. Suppose that Josel wants to consume 12 units of corn and as much wheat as possible. Then, trading with the merchants allows Josel to increase his consumption of wheat by O A. 1 bushel. O B. 2 bushels. O C. 3 bushels. O D. 4 bushels. E. None of the above. Save Answer Josel owns an energy company. He produces electricity from solar energy and wind energy. The technology is as follows Field Green Field (10 acres) Red Field (12 acres) Solar Energy 2 acres needed for each unit 3 acres needed for each unit Wind Energy 2 acres needed for each unit 1 acre needed for each unit
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- A farmer produces both beans and corn on her farm. If she must give up 16 bushels of corn to be able to get 6 bushels of beans, then her opportunity cost of 1 bushel of beans is O a. 2.67 bushels of corn. O b. 16.00 bushels of corn. O c. 2.99 bushels of corn. O d. 0.38 bushels of corn.1. Mr. X, an importer of wheat, imported wheat for Tk. 70. He paid VAT @15%. He sold it to a wholesaler Mr. W for Tk. 100 and collected VAT @ 4.5%. Mr. W sold it to a retailer for Tk. 150 and collected VAT @7.5%. Give necessary journal entries for these transactions. 2. Mr. X, an importer of wheat, imported wheat for Tk. 70. He paid VAT @15%. He sold it to a wholesaler Mr. W for Tk. 100 and collected VAT @ 4.5%. Mr. W sold it to a retailer for Tk. 150 and collected VAT @15%. Mr. W maintains all the necessary documents/records as required by the VAT laws. Give necessary journal entries for these transactions.Help me please
- Javier has a worm business in which he buys night crawlers from younger kids for 4 cents each and sells them for $1.25 per dozen. What is the percent markup on cost, to the nearest tenth of a percent?Shima is a carpet retailer. She can buy carpet from a wholesaler for a list price of OMR 22 per yard. If Shima receives a series discount of 20/10, what is her net price?Aling Minda is operating a buy and sell business, she sells broomsticks (walis tingting) in her stall at a local market. She gets her broomsticks from a local supplier for 25 pesos each. She then adds 50 percent mark-up on each broomstick. Every day, Aling Minda can sell 30 broomsticks a day.
- Sara sells hats for children. She is able to sell at OMR 18 per unit. Materials for the hats cost OMR 4. Fixed cost is OMR 280. She sells 80 hats each month. What is her profit?Read the selection for questions 6-10. Junedyl is planning to run a coffee shop where he plans to sell each cup of coffee at P50.00. The fixed cost that is amounting to P40,000.00 includes all his expenses for the rent, wages, basic needs and others. So even if Junedyl will not be able to sell, he is still obliged to pay this amount. If it costs Junedyl an average of P10.00 for every cup of coffee which is allotted for the bulk of coffee beans, purified water and coffee filters, then: 6. What equation represents the variable cost (VC) when x is the number of cups of coffee? а. VC = 5x b. VC = 10x 5. VC = с. d. VC = 7. What is the break-even quantity? 50 cups of coffee 100 cups of coffee 500 cups of coffee 1,000 cups of coffee а. b. с. d. 8. Which of the following ordered pairs determine a break-even point? (500, 1000) (1000, 50000) (1500, 50000) (5000, 1000) a. b. с. d. 9. How much profit will he earn if he sells 500 cups? а. P20,000.00 b. P40,000.00 incur loss of P20,000.00 с. d.…Teresa's taco truck currently sells 2,500 tacos per day, for $6 each. Teresa estimates that, for each $1 she Increases the price of a taco, she will sell 300 less tacos per day (fewer people will want to buy if the price Increases). 1. How much money does Teresa currently make (total) per day? 2. How much revenue would she make If she Increased the price of a taco to $7 and she sold 300 fewer tacos? 3. Find a function that glves the quantity sold in terms of the price. (Hint, find two points and then find the linear equation between them.) 4. Find a function that models Teresa's revenue per day in terms of the price of a taco. (Hint: Revenue=quantity times price.) 5. Find the taco price and total revenue that maximizes revenue per day from taco sales. Round your answer(s) to the nearest cent.
- Wendell rents a stall in the public market for ₱7,000.00 a month. He has a helper who helps in his business and he pays him salary of ₱8,000 a month. He orders fresh chicken from a supplier that cost him ₱145.00 per kilo. He sells the chicken to his customers at ₱160.00 per kilo. How many kilos of chicken does Mark need to sell to break-even?Melissa buys 16 apples. Each apple cost $2.00 per pound and each apple weighs 1 pound. a. Find the total cost including a 10% discount and a 7% sales tax. b. How much change will Melissa receive if she pays with a $50 bill?Mr. Assad a Wholesaler buys a product from the Al Mazoon manufacturing company at RO 700 and pays VAT at the prescribed rate of 10%. a retailer buys a product from the wholesaler at RO 800 and the wholesaler charges VAT at the prescribed rate of 10%. The retailer fixes the price at RO 1000 and charges VAT at the same rate. Mr. Yousuf buys the product from the ABC LLC. What is the price including VAT that Mr. Yousuf has to pay to buy the Product? What is input tax and output tax? Discuss Amount of output tax for the retailer and wholesaler. How much VAT does the retailer pay to the government? VAT is different from sales tax system. Explain and give reason to your answer