Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - A producer owns a herd of 200 Angora goats which are sheared yearly and their fleeces are sold into the mohair industry. They are looking to purchase an additional 150 or 300 goats to potentially market more fleece (goats will be shorn one year from today). Their goal is to maximize profit. In the following problem, the producer is trying to decide on three alternatives: - Keep herd size the same; - Increase the herd size by 150 goats - Increase the herd size by 300 goats, which would require a one-time cost of $10,000 to build a new barn There has been considerable fluctuations currently occurring in market price due to trade negotiations with foreign buyers. The producer feels that next year's price could fluctuate either plus or minus $3.50/lb from the present price. In order to calculate the various profit expectations use the following: Current mohair market price $7.75/lb Total cost per goat $75/head/year Expected fleece wt to sell 15 lbs/head You should complete the following:
1. Construct a payoff matrix to show the possible gross profits under the various alternatives.
2. What would the producer's decision be if he took the maximin approach?
3. What would the decision be under the maximax approach?
4. What would the decision be under the least regret rule?
5. Calculate the EMV's assuming the following probabilities:
a. Decrease in price - .50
b. No change in price - .20
c. Increase in price - .30
What is the maximum amount of dollars that he could borrow in period 1? Find the real value of this amount and add it to the rental value of period 1
Perform the required journal entries, Complete the consolidation worksheet
on january 1 2012 a ccompany issued bonds with a face value of 300000 at 95. the bonds will mature in 5 years. interest
Sally Smith earned a salary of $66,000, Prepare a journal entry to record the employer's benefits expense related to Sally Smith's salary for the year.
The company's monthly fixed expense is $9,936. Compute for the company's break-even point in sales dollars using the CM ratio
Assume Miller accounts for its investment in Marlon using the equity method. Ignoring income taxes, determine the amounts related to the investment
springfield express is a luxury passenger carrier in texas. all seats are first class and the following data are
harper co. provided the following information concerning two products contribution margin per unit- product 12 46
An independent appraisal estimated the fair values of the land and building, if purchased separately, at $3.6 and $1.2 million, Determine the initial valuation
A company's prime costs total $3,000,000 and its conversion costs total $7,000,000. If direct materials are $1,000,000 and factory overhead is $5,000,000, then direct labor is:
problem v - 20 points klingon company operates a free cafeteria for the benefit of its employees. budgeted and actual
Prepare the journal entries necessary in 2015 to correct the books, assuming that the books have not been closed. Disregard effects of corrections on income tax
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd