Reference no: EM132518483
As residents in the UK hunkered down at home to protect themselves from the spread of novel Coronavirus they filled the pantries with toilet paper, sanitizing products and convenience foods. Baked beans, one of the UK's most enduringly popular convenience foods, are expected to become scarce and expensive during the next months. The reason is unprecedented heavy rainfall which has devastated crops in the main growing areas, the American state of Michigan and the Canadian province of Ontario. A few weeks ago growers were expecting a record harvest but the position is described now as catastrophic.
The price of a 100lb -bag of Canadian beans has soared from $27 to around $70, which has added $0.60 to the retail price of a 15oz can previously costing between $1.50 and $1.20. Moreover, the crop failure caused and unseemly scramble for supplies among big canning firms such as Heinz and Crosse and Blackwell. Alternative sources being sought includes South America, East Africa and even Romania.
Worldwide baked beans consumption is around 800,000 tonnes a year. The British eat a healthy 80 000 tonnes, which represents 4 500 000 cans a day, with an annual retail value of more than $200 million. The annual import bill is between $20 and $30 million.
Questions
1. Using the above information, explain and illustrate the factors which caused a rise in the price of baked beans.
2. Analyse the factors which might have influenced the amount by which the retail price was raised to consumers.
3. Discuss, with reference to the information in the passage, the economic effects of the increase in the price of beans on growers.
4. Examine other possible economic effects of the increase in the price of beans.
|
What will east corp record as goodwill for this acquisition
: What will East Corp. record as goodwill for this acquisition? East Corp. acquired 100% of the outstanding voting shares of Lansing Co
|
|
Explain an organization need for a him professional
: Explain an organization's need for a HIM professional to ensure long-term meaningful use and current incentive program compliance.
|
|
Performance appraisal-current evaluation methods
: Discuss the assessment of employees within the Telespazio organization. Develop a written description discussing current evaluation methods,
|
|
Create an instructional message for the content
: Create an instructional message for the content. Specify the function, content structure, learner, and task attributes as they relate to your project.
|
|
Rise in the price of baked beans
: 1. Using the above information, explain and illustrate the factors which caused a rise in the price of baked beans.
|
|
Find what is total shareholders equity at the end
: What is total shareholders' equity at the end of 2019? Golden Gophers, Inc. (GG) was established on January 1, 2019. GG was authorized to issue 1 million shares
|
|
Describe the challenges associated with big data analytics
: For this assignment, you are required to research the benefits as well as the challenges associated with Big Data Analytics for Manufacturing Internet of Things
|
|
Money supply in the economy
: Given everything else unchanged, how does this affect money supply in the economy? Explain.
|
|
What will be the depreciation expense that must be recorded
: Using units of production method, what will be the depreciation expense that must be recorded at the end of the second year ?
|