Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Operating Inputs........... Soybean seed Units............ Price.. Quantity.. Value Lbs. 0.250 45.00 $11.25 Nitrogen (N) Lbs...... 0.250. 15.00 3.75 Phosphate (P205) Lbs. 0.110 40.00 4.40
Operating Inputs........... Soybean seed Units............ Price.. Quantity.. Value Lbs. 0.250 45.00 $11.25 Nitrogen (N) Lbs...... 0.250. 15.00 3.75 Phosphate (P205) Lbs. 0.110 40.00 4.40 Potash (K2O). Lbs.. 0.080. 40.00. 3.20 Pre-emergence Herbicide. Acre 14.020 1.00 14.02 Post-emergence Herbicide....Acre.. 4.690. 1.00 4.69 Rent fertilizer Spreader Acre 2.350 1.00 2.35 Annual operating capital..... Dollar. 0.107 23.34 2.49 Machinery labor Hour 6.000 2.03 12.16 Mach. fuel, lube, repair......Dollar. 18.50 Total operating costs $76.81 Fixed costs Machinery: Interest at 10.675% Amount..... $184.00 Depreciation. taxes, insurance. Total fixed costs.... Production Soybeans Total receipts Returns above total operating costs. Returns above all specified costs Value $19.64 24.21 .$43.85 Units Bushel Price. $5.90 Quantity 34.00 Value $200.60 $200.60 $79.94. What is the $ per bushel that is paid for seed beans? (Soybeans weigh 60# per bushel) $5.90 $11.25 $15.00 $45.00
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started