Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Calculate the following: Yield: 2 1 0 bu / ac . Acres: 1 6 0 Acres Expected sale price: $ 3 . 9 0 Direct

Calculate the following:
Yield: 210 bu/ac.
Acres: 160 Acres
Expected sale price: $3.90
Direct Expenses per Acre:
Seed: $90.00
Chemicals: $40.00
Fertilizer: $115.00
Crop Insurance: $30.00
Irrigation Energy: $35.00
Other Direct Expenses: $80.00
Overhead expenses per acre: $145.00
-Cash Rent paid would be $250ac.
-Bushel Rent would be 60 bu. of corn
-Share Rental agreement is as follows:
**Note: When answering the questions, DO NOT use dollar signs. Please DO USE commas if they are necessary. For
example, if the answer was $10,000, format in the blank as 10,000. Also, DO USE a decimal when necessary. If
the anwer is an even dollar amount, no xx.00 is necessary. If your answer has cents, please format like the
example: 4.15 in the proper blank.
What would be the gross income per acre for cash rent?
What would be the gross income per acre for bushel rent?
What would be the gross income per acre for share rent?
What would be the direct expenses per acre for cash rent?
What would be the direct expenses per acre for bushel rent?
What would be the direct expenses per acre for share rent?
What is the net return for cash rent per acre?
What is the net return for bushel rent per acre?
What is the net return for share rent per acre?
What is the break-even cost per bushel for cash rent?
What is the break-even cost per bushel for bushel rent?
What is the break-even cost per bushel for share rent?
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting A Smart Approach

Authors: Mary Carey, Cathy Knowles, Jane Towers-Clark

3rd Edition

0198745133, 978-0198745136

More Books

Students also viewed these Accounting questions

Question

What is the coefficient of determination and how is it computed?

Answered: 1 week ago