Show the following values for the cow-calf enterprise budget below. Some values will have to be calculated.

a. Gross revenue $ ?

b. Gross margin $ ?

c. Profit $ ?

d. Net income (assume management, labor and operating capital are supplied by the operator. $ _____?______________

e. Breakeven selling price needed for the feeder calf, to pay total costs

$ _____?________ per cwt.

Please include how you calculate the two blanks in the table (receipts total value for feeder calf sale and total receipts) as well as how you calculate the gross revenue (equation/where values come from!)

THANK YOU!!

Cow-Calf Budget Spring Calving, Sell at 225 days of age Quantity/Unit Price Per Unit Total Value tem Receipts Feeder Calf Sale 425 lb $80/cwt. 92 Cull Cows and Bulls Total Receipts Variable Costs Feed S39 180 Pasture (Hay Equiv) Hay (grass) Salt & Mineral 2.6 ton $15/ton 3 ton $60/ton S225 Total Feed Costs S 12 15 17 12 Health Program Marketing Supplies & Misc. Int. on Operating Capital S135 12mo 9% S281 Total Variable Costs Fixed Costs $60 120 13 53 37 Labor Charge 8 hours $7.50/hr Cow Replacement Bull Replacement Int. on Breeding Stock Fence & Facilities Management Charge $591 9% 5% of gross revenue S305 Total Fixed Costs S586 Total Costs