You are trying to put together a group of cattle to be sold as a group of 100 head. So far you have purchased a group that consists of the following: - 42 head black Angus steers averaging 550 pounds 12 head Hereford heifers averaging 500 pounds - 18 head Holstein steers averaging 575 pounds - 8 head horned Angus bull calves average 525 pound Review the lecture notes and apply the discounts mentioned to the groups of calves that are not the black Angus steers. The black Angus steers are medium to large frame animals with a muscle score of 1-2 to be sold at an undiscounted price of $1.50 per pound (or $150 per CWT). 1. What is the discounted price of the 12 Herford heifers? 2. What is the discounted price of the 18 Holstein steers? 3. What is the discounted price of the 8 horned Angus bull calves? 4. You are 20 head of cattle short of your goal of 100 head of cattle. A neighboring farmer has 20 head Brangus steers and heifer calves that average 375 pounds. Should you purchase them to finish out our group? Why or why not? 5. When you decide to sell the cattle, the amount of shrink will play a role in your profitability. What would be the financial impact of a 3% shrink have on your overall profitability on the original group of 80 head of cattle? You are trying to put together a group of cattle to be sold as a group of 100 head. So far you have purchased a group that consists of the following: - 42 head black Angus steers averaging 550 pounds 12 head Hereford heifers averaging 500 pounds - 18 head Holstein steers averaging 575 pounds - 8 head horned Angus bull calves average 525 pound Review the lecture notes and apply the discounts mentioned to the groups of calves that are not the black Angus steers. The black Angus steers are medium to large frame animals with a muscle score of 1-2 to be sold at an undiscounted price of $1.50 per pound (or $150 per CWT). 1. What is the discounted price of the 12 Herford heifers? 2. What is the discounted price of the 18 Holstein steers? 3. What is the discounted price of the 8 horned Angus bull calves? 4. You are 20 head of cattle short of your goal of 100 head of cattle. A neighboring farmer has 20 head Brangus steers and heifer calves that average 375 pounds. Should you purchase them to finish out our group? Why or why not? 5. When you decide to sell the cattle, the amount of shrink will play a role in your profitability. What would be the financial impact of a 3% shrink have on your overall profitability on the original group of 80 head of cattle