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Crops and feed revenue' for Joe and Elise farmer is $502,893. Assume that of that amount, $450,000 came from the sale of canolaspecifically: 25,000 bushels
Crops and feed revenue' for Joe and Elise farmer is $502,893. Assume that of that amount, $450,000 came from the sale of canola—specifically: 25,000 bushels at $18 per bushel. By what percent can the price of canola decline before Joe and Elise's capital replacement and term debt repayment margin goes to zero?
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Managerial accounting
Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin
1st edition
471467855, 978-0471467854
