What are total capital expenses per acre? \begin{tabular}{|c|c|c|c|c|} \hline & Quantity &...

70.2K

Verified Solution

Question

Accounting

image

What are total capital expenses per acre?

\begin{tabular}{|c|c|c|c|c|} \hline & Quantity & Units & $/ Unit & Total \\ \hline \multicolumn{5}{|l|}{ REVENUE } \\ \hline Grain sorghum & 22 & cwt & $6.00/cwt & \\ \hline \multicolumn{5}{|l|}{ TOTAL REVENUE } \\ \hline \multicolumn{5}{|l|}{ VARIABLE EXPENSES } \\ \hline \multicolumn{5}{|l|}{ Preharvest Variable Expenses } \\ \hline Seed & 2.44 & lbs & $1.25/lb & \\ \hline Herbicide & 2 & pts & $3.00/pt & \\ \hline Fertilizer & 30 & lbs & $.30/lb & \\ \hline Machinery \& Equipment & 1 & ac & $20.00/ac & \\ \hline Labor & 1.1 & hrs & $9.00/hr & \\ \hline Interest on operating expenses & 23.98 & $ & 6% & \\ \hline \multicolumn{5}{|c|}{ TOTAL PREHARVEST VARIABLE EXPENSES } \\ \hline \multicolumn{5}{|l|}{ Harvest Expenses } \\ \hline Custom harvest & 1 & ac & $12.50/ac & \\ \hline Hauling & 22 & civt & $25/cwt & \\ \hline \multicolumn{5}{|l|}{ TOTAL HARVEST EXPENSES } \\ \hline \multicolumn{5}{|l|}{ TOTAL VARIABLE EXPENSES } \\ \hline \multicolumn{5}{|l|}{ GROSS MARGIN } \\ \hline \multicolumn{5}{|l|}{ FLXED EXPENSES } \\ \hline \multicolumn{5}{|l|}{ Land Expense } \\ \hline Gross rent & 132 & $ & 1/3 & \\ \hline Lesslandlordsshareofexpenses & 5.50 & $ & 1/3 & \\ \hline \multicolumn{5}{|l|}{ Net rent } \\ \hline \multicolumn{5}{|l|}{ TOTAL LAND EXPENSE } \\ \hline \multicolumn{5}{|c|}{ Capital Expense-Ownership Costs } \\ \hline Machinery and equipment & 1 & ac & $19.38/ac & \\ \hline \multicolumn{5}{|l|}{ TOTAL CAPITAL EXPENSE } \\ \hline \multicolumn{5}{|l|}{ TOTAL FIXED EXPENSES } \\ \hline \multicolumn{5}{|l|}{ TOTAL EXPENSES } \\ \hline RETURNS TO MANAGEME & I, UNPAID L & AND & & \\ \hline \end{tabular}

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students