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- 1. A farmer has recently acquired a 110 hectares piece of land. He has decided to grow Wheat and barley on that land. Due to the quality of the sun and the region’s excellent climate, the entire production of Wheat and Barley can be sold. He wants to know how to plant each variety in the 110 hectares, given the costs, net profits and labor requirements according to the data shown below: Variety Cost(Price/Hec.) Net Profit (price/Hec.) Man-days/Hec. Wheat 100 50 10 Barley 200 120 30 The farmer has a budget of US$10,000 and availability of 1,200 man-days during the planning horizon. In addition, the farmer would like to get a profit of at least $3000. Generate the mathematical model for the optimal usage of land area to produce wheat and barley. Using a graphical method to optimize land usage, how many hectares are to be used for wheat and barley.advertiseu mu a. Describe a way to test the weights. . How can their results guide future production of gs of fertilizer? Earth to the star Polaris: feet, kilometers, light-yee xplain. 19 FINANCIAL LITERACY The Internal Revenue Service (IRS) of the U.S. government uses formulas to assess income tax for individuals. They provide tax-rate guidelines that include metrics. For example, for the 2015 tax year, a single person earning over $9,225 but less than $37,450 is expected to owe income tax using the following metric: Tax = 922.50 + 0.15(x – 9225), where x is the amount of taxable income. a. Use this metric to find the income tax for a single person earning $20,000 of taxabl income. b. Use the Internet to research another IRS metric. Describe your findings. | Descriptive Modeling and Accuracy b. What is an level of for their st! Jubi. 18. SPACE unit of is the most the from[First Item: Problem Solving] Jenny Water District holds a franchise to operate and distribute water to individuals and industrial consumers of Greater Midsayap Area. In August the current taxable year, it showed the following data: Gross receipts from sale of water P2,000,000 Gross rentals received from the use of its water equipment 300,000 Purchases of supplies from VAT-registered taxpayers, total invoice amount 200,000 The percentage tax for the month is: a. Nil b. P40,000 c. P46,000 d. P60,000
- For each of the following items state whether they would be measured (a) at fair value under AASB 141 or (b) at the lower of cost and net realisable value under AASB 102: 1. living pigs2. living sheep3. pigs’ carcasses4. pork sausages5. trees growing in a plantation forest6. furniture7. olive trees8. olives9. olive oil10. vines growing in a vineyard.. The municipal assessor was taxing an idle agricultural land consisting of 2 hectares valued at P 200 per square meter. If the idle land tax imposed is 5% by the ordinance, how much will the owner pay for the idle land tax?a. P 80,000.00 b. P 100,000.00 c. P 200,000 d. P 40,000.0011. The following data are shown on the tax declarations of a piece of land and thFor entities that report using IFRS, which of the following is an example of agricultural produce? Question 19 options: a) Butter produced from pasteurized cow’s milk. b) Peach trees grown for the peaches. c) Yarn produced from sheep’s wool. d) Felled trees.
- Two neighbouring farmers can use either high or low quantities of fertilizer. If they both use low quantities, then they each earn $1,200,000. If they both use high quantities, then they each earn $900,000. If one of the farmers uses low quantities and the other uses high quantities, then they respectively earn $500,000 and $1,000,000. What fine on high pesticide use causes both farmers to adopt a low quantity strategy? What other strategies can you suggest to cut down the amount of pesticide usage?Use the following financial information extracted from Mr. Thabang’s tomato farm in Turfloop, Limpopo province to answer the following questions below. Tomato sales Ton R 71 250. Packaging 2 kg tomato bags Each R 2 750. Tomato seed Kg R 1020. Fertilizer Ton R 28 787,50. Casual labour (pre-harvest) days R 2 240. Agent and market commission 6.24% R 4 446. Herbicides Litre R 1 021,68. Casual labour (harvesting) days R 2 800. Fuel (pre-harvest) Litre R 1 989. Repairs and maintenance R 10 500. Insecticides Litre R 33,46 . Transport: Contract (used during harvesting) Ton R 6 005. Irrigation Mm R 1 114,40 . a. Calculate gross production value or gross income. b. Calculate the total directly allocatable variable costs. c. Calculate the total indirectly allocatable variable costs d. Calculate the margin above direct allocatable costs.Which of the following is outside the scope of PAS 41? dairy cattle used in the production of milk chickens used in the production of meat rice plants and other crops that produce agricultural products only once mango trees and other plants that produce agricultural products repeatedly over a long period of time
- 1. Which of the following is considered a bearer plant to be accounted for under PAS 16? a. Palm oil c. Vegetable oil b. Corn oil d. Oil palm 2. Which of the following is considered an agricultural activity under PAS 41? a. fishing in the open seas c. floriculture b. illegal logging d. farming in the cellphone 3. PAS 41 is applicable to which of the following? a. expensive plants used for beautification b. living animal used as transportation vehicle by company executive c. fishes in the fishpond being grown to be sold to consumers d. all of these 4. Biological assets are measured as follows Initial Subsequent a. cost fair value less costs to sell b. fair value fair value c. fair value lower of…4. Mahmood buys a commodity from the wholesaler at OMR 1,200 and was charged by VAT at the rate prescribed of 10%. He fixes the price of this commodity at OMR 1,500 for the customer and in turn he charges VAT at the same rate. Calculate the amount of Value Added tax (VAT) paid by Mahmood to the government. A. OMR 120 B. OMR 270 C. OMR 150 D. OMR 30(16. A 28.5-acre parcel of land in Orange County sells for $4,100 per acre. What is the documen- real estate problem 16.) A 28.5-acre parcel of land in Orange Count sells for $4,100 per acre. What is the docume tary stamp tax on the deed? a. $409.15 b. $642.85 c. $817.95 d. $818.30