Two neighbouring farmers can use either high or low quantities of fertilizer. If they both use low quantities, then they each earn $1,200,000. If they both use high quantities, then they each earn $900,000. If one of the farmers uses low quantities and the other uses high quantities, then they respectively earn $500,000 and $1,000,000. What fine on high pesticide use causes both farmers to adopt a low quantity strategy? What other strategies can you suggest to cut down the amount of pesticide usage?
Q: 4/3 Paid the Gazette $200 to place an employment advertisement for an accounting clerk. how to solve…
A: Introduction: Journal: All the business transactions are to be recorded in Journals. Journals are…
Q: View Policies Current Attempt in Progress On July 1, 2022, Blossom Co. pays $12.000 to Nash's…
A: Typically, a record is kept in the general ledger, but can also be kept in a separate account,…
Q: Comment on the performance of Threads Limited from the viewpoint of a business considering supplying…
A: Comments on the performance of Threads Limited from the viewpoint of a business considering…
Q: The labor efficiency variance is the difference between the actual quantity of hours at the standard…
A: Labour efficiency variance measures the utilization of labor in comparison with the expectations. It…
Q: You are an accountant working for a company that has recently decided to incorporate. The company…
A: The journal entries are prepared to record the transactions on the regular basis. The assets and…
Q: Required information Use the following information for the Exercises below. (Algo) [The following…
A: Income statement is a part of financial statements of the companies and it is prepared at the end of…
Q: Problem 1.0 Compute equivalent uniform annual worth (EUAW) considering 10% interest rate for the…
A: Equivalent Uniform Annual Worth: The Yearly Value (AW) Analysis is defined as the equivalent uniform…
Q: Mr. Al Khasim deposited OMR 20,000 in a bank which offers a compound annual interest of 6%. How long…
A: Compound interest is one of the form of interest under which interest is charged on both principal…
Q: 10) Compute the simple interest and final amount of each loan Principal Rate Time A P 400 7% 1 year…
A: Simple interest is that amount of interest which is being charged on the principal amount for the…
Q: April Issued 5,000 share of Common Stock, $2 par for $17 per share. Record the journal entry.
A: Introduction: Journals: All the business transactions are to be recorded in Journals. Journals are…
Q: Pingu Company manufactures winter jackets. Setup costs are $2.00. Penguin manufactures 4,000 jackets…
A: Set up cost is the cost to start the business or service. Carrying cost is the cost to hold the…
Q: bags of coffee beans that each staff can complete in a day. They have 10 employees, each working…
A: Multi-Factor Productivity: Multi Factor Productivity is the measure of business activities…
Q: 11. Jean and Dan both work. Each earns a salary of $48,500, but only Jean is a member of a…
A: Introduction: A Registered Retirement Savings Plan (RRSP) is a Canadian federal…
Q: A firm has an average age of inventory of 65 days, an average collection period of 45 days, and an…
A: Introduction: The cash conversion cycle is an important metric to understand as a business owner.…
Q: Lou Gue Trading sold merchanise to Boom Co. Given the following information, determine the amount of…
A: The list price is the price that is written on the product. The trade discount is the discount that…
Q: The following data below relates to units shipped and total shipping expense have been assembled by…
A: Given: Months Unit shipped Total Shipping Expense Jan 3 $1800 Feb 6 $2300 Mar 4 $1700 Apr…
Q: .4 (Journal entries) Nottaway Flooring produces custom-made floor tiles. The company’s Raw Material…
A: Job Costing : It is also named as specific order costing. It is the method of costing which is used…
Q: The Banco de Plata was organized on April1, 2018 and is authorized to issue 250,000 shares of…
A: Share capital is the capital raised by the issue of shares. It is the amount invested by the…
Q: 21 )
A: Journal Entry is the primary step to record the transaction in the books of account. The amount of…
Q: On July 1, Hernandez, Inc. purchased merchandise for $2,500, with terms of 1/10, n/30. On July 5,…
A: Journal Entry: It is the method involved with making records of any exchanges either monetary or…
Q: On April 2, 2015, Montana Mining Co. pays $4,170,260 for an ore deposit containing 1,438,000 tons.…
A: Depreciation used to record assets value which was over the period of time gone through wear and…
Q: On April 2, 2015, Montana Mining Co. pays $4,170,260 for an ore deposit containing 1,438,000 tons.…
A: Introduction: Depreciation: Decreasing value of fixed assets over its useful life period called as…
Q: when reinstating a policy an insured must provide the insurer with which of the following: A.…
A: Reinstating or renew of a policy can be done within 30 days of lapse of a policy without any…
Q: On November 5, of the current year, Ligaya Merchandising Enterprise purchased merchandise with the…
A: The trade discount is not recorded in the books. It is just deducted from the list price to get the…
Q: 1. Calculate the Gross Debt Service (GDS) and the Total Debt Service (TDS) ratios for the following…
A: Answer:- Gross Debt Service ratio meaning:- In the underwriting process for a mortgage loan, the…
Q: Instructions The following selected transactions were completed by Amsterdam Supply Co., which sells…
A:
Q: On Jan 1, 20X1 ABC Mining Co. purchased a mine for P2,640,000 with removable ore estimated at…
A: Depletion expense: Depletion is used for the natural resource assets. Depletion expense means the…
Q: 4. You and your spouse are in good health and have reasonably secure careers. You make about $75,000…
A: As per the family need method, the life insurance needed is the sum of immediate needs and present…
Q: Espresso Express operates a number of espresso coffee stands in busy suburban malls. The fixed…
A: Fixed cost in Total remains constant. Variable Cost is required per each additional unit.
Q: first week’s deductions for Social Security and Medicare? Will any of Pat’s wages be exempt from
A: Tax deduction refers to the income which can be deducted from the income for lowering the amount…
Q: 8) A machine costing P2,500 has an estimated useful life of 4 years with a scrap value of P500.…
A: Depreciation refers to the reduction in the value of asset due to its normal use and tear and wear.…
Q: (d) Guido is a manufacturing firm producing several products for the local market. The following…
A: Minimum Sales Revenue = (Target Profit+ Total Fixed Cost)/PV Ratio Given, Fixed Cost =£180,000…
Q: Garza Company had sales of $153,000, sales discounts of $2,300, and sales returns of $3,670. Garza…
A: Net sales = Total sales - Sales return - Sales discount
Q: May, Jun, and Julie are partners with profit and loss ratio of 3:3:2 and capital balances of…
A: partnership is the simplest form of the business where two or more person join hand in order to…
Q: Alpha Ltd acquired 30% of the voting shares of Beta Ltd on 1 July 2021 for $150 000. This…
A: Equity method of accounting for the investment in a company records each and every change made by…
Q: Idaho Corp. has fixed costs of $20,000 and a contribution margin ratio of 50%. Currently, sales are…
A: Margin of Safety: The margin of safety is a notion in investing that states that investor should…
Q: (b) Samuel Gumede earns £39,000 a year working for a building company as a project manager. He is…
A: Let understand the basics. For calculating net relevant benefit, we need to use below formula. Net…
Q: Magnolia, Inc. manufactures bedding sets. The budgeted production is for 24,200 comforters this…
A: The material budget for the year is calculated as follows
Q: How much is the depreciation expense at Dec 31, 20X3?
A: Under straight line method, the amount of depreciation charged for each year would remain same. The…
Q: Westwood paid $245,000 in cash. Record the purchase in the journal, identifying each lot's cost in a…
A: In the journal entry, the amount of cash paid would be allocated to each lot with respect to their…
Q: sound financial management is the key to the prosperity of the business. Explain briefly any three…
A: Introduction: The corporate activity of using current financial resources to increase business…
Q: 11. Jean and Dan both work. Each earns a salary of $48,500, but only Jean is a member of a…
A: RRSP refers to the "retirement savings plan that you establish, that we register".It is contributed…
Q: Luxe Mobile Homes reported the following in its financial statements for the year ended December 31,…
A: The cash flow statement is prepared to record the cash flow from various activities during the…
Q: . Given the following information: Total assets $ Total liabilities $ 360,000,000 18,000,000…
A: The Net asset value per share is calculated by dividing the Net Assets with the Number of shares.…
Q: Friday for a five-day week ending on that day. The adjusting entry necessary at the Buster…
A: Introduction: The period ends on Tuesday, but the payout occurs on Friday, necessitating an…
Q: Shays' Rebellion demonstrated the immense power of the federal government under the Articles…
A: Shays' Rebellion was the series which is of armed protests staged in the year 1786 through farmers…
Q: On Jan 1, 20X1, ABC Corp purchased a patent for P90,000. At the time of purchase the patent was…
A: Amortization is the diminution in the worth of the intangible asset as per the life of the asset…
Q: Guess any type of bisness for example a coffee or supermarket and make a study to do a project that…
A: Techniques of Capital Budgeting: Capital budgeting decision are maid on the basis of benefits…
Q: должна спуту! a. Issued 1,000 shares of $10 par common stock at $59 for cash.
A: The journal entries are prepared to keep the record of day to day transactions of the business on…
Q: D Question 39 If the selling price per unit is $10, the unit contribution margin is $5, and total…
A: Break-even point (BEP): Breakeven is the point where total expenses are equal to total revenue. at…
Two neighbouring farmers can use either high or low quantities of fertilizer. If they both use low quantities, then they each earn $1,200,000. If they both use high quantities, then they each earn $900,000. If one of the farmers uses low quantities and the other uses high quantities, then they respectively earn $500,000 and $1,000,000. What fine on high pesticide use causes both farmers to adopt a low quantity strategy? What other strategies can you suggest to cut down the amount of pesticide usage?
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- If the farmer uses pesticides he expects a crop of 60,000 bushels; if he does not use pesticides he expects a crop of 50,000 bushels. The cost of pesticides is $30,000 and the other costs associated with planting and harvesting the crop total $450,000. The price of corn at harvest time will either be $9.00 with probability of 0.50 or it will be $11.00 with probability 0.50, so if the farmer decides to sell the crop at harvest, the expected price per bushel that he will receive is $10.00. If the farmer uses pesticide and decides to sell the crop at harvest, what is his expected profit? a. $120,000.00 b. $150,000.00 c. $180,000.00 d. $20,000.00A diesel refinery is upstream of an industrial farm. The runoff from the refinery pollutes the river and damages the crops. The farm earns $479 using the polluted water, but would earn $621 if it were clean. The refinery earns $6015 but would only earn $5839 if it had to divert resources to prevent the runoff. There are no environmental laws. Assume that a scrubbing machine that would prevent the runoff costs $17 plus an installation cost. What is the most that installation could cost for clean water to be the socially optimal outcome achieved through private bargaining? a. $176 b. $159.00 c. $34.00 d. $125.00 e. Anything, the machine is not required as clean water will already be achieved.A farmer in Vancouver faces a dilemma. The weather forecast is for hot weather, and there is a 50% chance that the temperature this weekend will be too hot and destroy his entire flower garden, which is worth some $60,000. He can take two possible actions to try to alleviate his loss if the temperature rises (the objective is to maximize his expected flower value). First, he could use mulch which helps keep soil temperatures low. This would cost $3,000, but he could still expect to incur damage of approximately $27,000 to $32,000. Second, he can use shade cloth which offers partial and temporary protection from the sun. This method is more expensive ($6,000), and also more effective. With the shade cloth, he could expect to incur as much as $16,000 to $22,000 of the loss. Compare the farmers expected values for the three alternatives he has, considering the various possible loss scenarios for the mulch and the shade cloth. Which alternative would you suggest the farmer take? Why?…
- You are the Chief Executive Officer for NeverEnding Tyres Inc. You have the responsibility to secure a new distribution center where you own over 1,000 hectares of land near the intended distribution center. For you, this could result to a wonderful, ethical opportunity to make profit a conflict of interest an ethical opportunity to move the distribution center to your hometown the usual decision-making problems of cost versus benefitBob's Bee Emporium makes organic honey, which Bob sells at farmers' markets. The value of his Bee Emporium in its current location is $100,000. Unfortunately, Bob's bee's frequently fly to the neighboring property, Daisy's Daycare Center, and sting the small children, some of whom have allergic reaction to the bee stings. Daisy's Daycare Center business is worth $100,000, before the cost of treating any of the children, which the Daycare Center has to pay. The cost of treating the children for the bee stings is $15,000 per year. Relocating the Bee Emporium would reduce its value by $25,000. Relocating the Daycare Center would cost $10,000. The table below shows the value of the businesses under the above conditions. Daisy's Daycare Center Present Location Relocate Bob's Bee Emporium Present Location $85,000 $90,000 $100,000 $100,000 Relocate $100,000 $90,000 $75,000 $75.000 If the town imposed an injunction against Bob (meaning he would either have to shut down, relocate, or negotiate…Coyle Pharmaceuticals produces two organic chemicals (Org AB and Org XY) used in the production of two of its most wide-selling anti-cancer drugs. The controller and environmental manager have identified the following environmental activities and costs associated with the two products: Required: 1. Calculate the environmental cost per pound for each product. Which of the two products appears to cause the most degradation to the environment? 2. In which environmental category would you classify excessive use of materials and energy? 3. Suppose that the toxin releases cause health problems for those who live near the chemical plant. The costs, due to missed work and medical treatments, are estimated at 2,025,000 per year. How would assignment of these costs change the unit cost? Should they be assigned?
- Our agriculture industry is incredibly important since it provides our food. Unfortunately, some of the practices currently being used in the industry are not very sustainable from an environmental perspective. As our population grows, and so does our food demand, it is becoming increasingly important that we manage this industry in a sustainable way. Assume a local farmer normally brings in crop revenues of $100,000/year. Erosion causes a 1% loss in yield each year. How does the discount rate affect the farmer's decision of whether or not to utilize erosion control methods?Based on Dobson and Kalish (1988). Chandler Enterprises produces two competing products, A and B. The company wants to sell these products to two groups of customers. The values each customer places on a unit of A and B are shown in the file P04_123.xlsx. Each customer will buy either product A or product B, but not both. A customer is willing to buy product A if she believes that the premium of product A is greater than or equal to the premium of product B and premium of product A is greater than or equal to 0. Here, the “premium” of a product is its value minus its price. Similarly, a customer is willing to buy B if she believes the premium of product B is greater than or equal to the premium of product A and the premium of product B is greater than or equal to 0. Group 1 has 1000 members, and group 2 has 1500 members. Chandler wants to set prices for each product to ensure that group 1 members purchase product A and group 2 members purchase product B. Determine how Chandler can…Darren Mack owns the Gas n’ Go convenience store and gas station. After hearing a marketing lecture, he realizes that it might be possible to draw more customers to his high-margin convenience store by selling his gas at a lower price. However, the Gas n’ Go is unable to qualify for volume discounts on its gas purchases, and therefore, cannot sell gas for profit if the price is lowered. Each new pump will cost $95,000 to install but will increase customer traffic in the store by 12,000 customers per year. Also, because the Gas n’ Go would be selling its gasoline at no profit, Darren plans on increasing the profit margin on convenience store items incrementally over the next 5 years. Assume a discount rate of 7%. The projected convenience store sales per customer and the projected profit margin for the next 5 years are as follows: Year Projected Convenience Store Sales Per Customer Projected Profit Margin 1 $5.00 20% 2 $6.50 25% 3 $8.00 30% 4…
- You are a business analyst who develop solutions to some farm business problems.One of the difficulties in maintaining a farm is the existence of harmful pests.You were able to find out that the cost ? in pesos of removing ? amount (inpercent) of pests is given by the equation P = 500 000x / (1 - x). Make a businesspresentation that includes the following: a. Cost in removing 25%, 50%, and 75% of pests b. Amount of pests removed with the following conditions:- Cost will be no more than ₱750,000- Cost will be ₱2,000 000 or less- Cost will not go beyond ₱4,500 000Suppose the government is considering a policy proposal that would subsidize the consumption of food for needy individuals by 10%. To assess the cost of this policy, you identify the amount spent on food by this group of individuals currently and then take 10% of that amount to be the cost of the policy. According to the Lucas critique, the cost calculated this way would be (choose one) O roughly right. over-stating the cost. understating the cost irrelevant.1. A farmer has recently acquired a 110 hectares piece of land. He has decided to grow Wheat and barley on that land. Due to the quality of the sun and the region’s excellent climate, the entire production of Wheat and Barley can be sold. He wants to know how to plant each variety in the 110 hectares, given the costs, net profits and labor requirements according to the data shown below: Variety Cost(Price/Hec.) Net Profit (price/Hec.) Man-days/Hec. Wheat 100 50 10 Barley 200 120 30 The farmer has a budget of US$10,000 and availability of 1,200 man-days during the planning horizon. In addition, the farmer would like to get a profit of at least $3000. Generate the mathematical model for the optimal usage of land area to produce wheat and barley. Using a graphical method to optimize land usage, how many hectares are to be used for wheat and barley.