Homework: chapter 6 homework 3 Question 1, P6-63 (simil Part 1 of 4 Mulberry Food Products produces a wide variety of food and related products. The company's tomato-canning operation relies partly on tomatoes grown on Mulberry's own farms and partly on tomatoes bought from other growers. Mulberry's tomato farm is on the edge of Sharpestown, a fast-growing, medium-sized city. It produces 7 million pounds of tomatoes a year and empleys 70 persons. The annual costs of tomatoes grown on this farm are as follows. Click the icon to view the data) Fixed production depreciated Mu the land at $141 tomatoes it need the operations ir excess cash and Read the require Requirement 1. How much does it cost Mulberry annually for the land used by the tornato farm? It costs Mulberry annually for the land used by the tomato farm. This is the cost for the land Valery Ochoa & estion 1, P6-63 (simil... Part 1 of 4 HW Score: 28.57%, 029 of 1 point Points: 0.29 of 1 Save n relies so farm is on Sys 70 Fixed production costs include depreciation on machinery and equipment, but not on land because land should not be depreciated. Mulberry owns the land, which was purchased for $600,000 many years ago. A recent appraisal placed the value of the land at $14 million because it is a prime site for an industrial Park and shopping center Mulberry could purchase all the tomatoes it needs on the market for 50.20 per pound delivered to its factory. If it did this, it would sell the farmland and shut down the operations in Sharpestown. If the farm were sold, $318,000 of the annual fixed costs would be saved. Mulberry can invest excess cash and earn an annual rate of 8% Read the requirements land SU ices 7 million pounds of tomatoes a year and employs 70 alows wepreciated Mulberry owns the land, which was purchased for $600,000 many year the land at $14 million because it is a prime site for an industrial park and shopping Located on the made for $0.20 car and delivered to its factory. If it did $18,000 of the annual fixed ca Requirements and used 1. How much does it cost Mulberry annually for the land used by the tomato farm? 2. How much would Mulberry save annually if it closed the tomato farm? Is this more or less than would be paid to purchase the tomatoes on the market? 3. What ethical issues are involved with the decision to shut down the tomato farm? This Print Done Homework: chapter 6 homework 3 Question 1, P6-63 (simil Part 1 of 4 Mulberry Food Products produces a wide variety of food and related products. The company's tomato-canning operation relies partly on tomatoes grown on Mulberry's own farms and partly on tomatoes bought from other growers. Mulberry's tomato farm is on the edge of Sharpestown, a fast-growing, medium-sized city. It produces 7 million pounds of tomatoes a year and empleys 70 persons. The annual costs of tomatoes grown on this farm are as follows. Click the icon to view the data) Fixed production depreciated Mu the land at $141 tomatoes it need the operations ir excess cash and Read the require Requirement 1. How much does it cost Mulberry annually for the land used by the tornato farm? It costs Mulberry annually for the land used by the tomato farm. This is the cost for the land Valery Ochoa & estion 1, P6-63 (simil... Part 1 of 4 HW Score: 28.57%, 029 of 1 point Points: 0.29 of 1 Save n relies so farm is on Sys 70 Fixed production costs include depreciation on machinery and equipment, but not on land because land should not be depreciated. Mulberry owns the land, which was purchased for $600,000 many years ago. A recent appraisal placed the value of the land at $14 million because it is a prime site for an industrial Park and shopping center Mulberry could purchase all the tomatoes it needs on the market for 50.20 per pound delivered to its factory. If it did this, it would sell the farmland and shut down the operations in Sharpestown. If the farm were sold, $318,000 of the annual fixed costs would be saved. Mulberry can invest excess cash and earn an annual rate of 8% Read the requirements land SU ices 7 million pounds of tomatoes a year and employs 70 alows wepreciated Mulberry owns the land, which was purchased for $600,000 many year the land at $14 million because it is a prime site for an industrial park and shopping Located on the made for $0.20 car and delivered to its factory. If it did $18,000 of the annual fixed ca Requirements and used 1. How much does it cost Mulberry annually for the land used by the tomato farm? 2. How much would Mulberry save annually if it closed the tomato farm? Is this more or less than would be paid to purchase the tomatoes on the market? 3. What ethical issues are involved with the decision to shut down the tomato farm? This Print Done