6.Which of the following is incorrect? A: Bearer Plant-Mango Tree; Agricultural Produce-Harvested Mango Fruits; Product after Harvest-Dried Mango B: Bearer Plants-Grape Vines; Agricultural Produce-Wine; Product after Harvest-Picked Grapes C: Bio Asset-Pigs/Hogs; Agricultural Produce-Carcass; Product after Harvest-Sausage D: Bio Asset-Dairy Cattle; Agricultural Produce-Unprocessed Milk; Product after Harvest
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- For 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.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 timeWhich of the following is considered an agricultural produce? fruit cocktail c. picked or harvested fruit fruit tree d. dried fruit
- For the question below use the following figures which illustrate the production possibilities available to a farmer and a rancher with 12 hours of labour. The farmer has a comparative advantage in and the rancher has an absolute advantage in . Select one: a. both goods, neither good b. meat, both goods c. meat, neither good d. potatoes, neither goodPlease answer the following questions in accordance with IAS 41: a. Are oil palm fruit that has not been harvested a biological asset? b. Does the yield from biological assets generate other biological assets (eg milk milked from cows)? c. Is the natural breeding of animals in zoos an agricultural activity?Which of the following is considered as a biological asset under PAS 41? a. Carcass b. Ham c. Pig d. Piggy bank Which of the following is considered as an agricultural produce under PAS 41? a. eggs to be hatched into chicks b. condensed milk c. dairy cow d. felled tress Which of the following is considered as inventory to be accounted for under PAS 2? a. Harvested cotton b. harvested cane c. Tea d. Picked leaves
- JFI Foods produces processed foods. Its basic ingredient is a feedstock that is mixed with other ingredients to produce the final packaged product. JFI purchases the feedstock from two suppliers, Rex Materials and Red Oak Chemicals. The quality of the final product depends directly on the quality of the feedstock. If the feedstock is not correct, JFI has to dispose of the entire batch. All feedstock in this business is occasionally "bad," so JFI measures what it calls the "yield," which is measured as, Yield = Good output ÷ Input where the output and inputs are both measured in tons. As a benchmark, JFI expects to get 11 tons of good output for every 20 tons of feedstock purchased for a yield of 55 percent (= 11 tons of output ÷ 20 tons of feedstock). Data on the two suppliers for the past year follow: Rex Materials Red Oak Chemicals Total Total inputs purchased (tons) 1,380 2,280 3,660 Good output (tons) 1,311 1,578 2,889 Average price…JFI Foods produces processed foods. Its basic ingredient is a feedstock that is mixed with other ingredients to produce the final packaged product. JFI purchases the feedstock from two suppliers, Rex Materials and Red Oak Chemicals. The quality of the final product depends directly on the quality of the feedstock. If the feedstock is not correct, JFI has to dispose of the entire batch. All feedstock in this business is occasionally "bad," so JFI measures what it calls the "yield," which is measured as, Yield = Good output ÷ Input where the output and inputs are both measured in tons. As a benchmark, JFI expects to get 11 tons of good output for every 20 tons of feedstock purchased for a yield of 55 percent (= 11 tons of output ÷ 20 tons of feedstock). Data on the two suppliers for the past year follow: Rex Materials Red Oak Chemicals Total Total inputs purchased (tons) 1,380 2,280 3,660 Good output (tons) 1,311 1,578 2,889 Average price…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.
- Suppose that a firm produces two products. How should the farm select a product for placing the most emphasis for production and selling?In examining the feasibility of an enterprise of egg laying hens (chickens), you discover that while the chickens can live successfully on pasture, if you give them a feed of barley, sunflower seeds and maize, you will increase the egg production per unit of time. a) Since your goal is to maximize the profitability of the enterprise, what do you have to consider? b)On a per hen-basis what things would you need to consider to make the determination? c) Why would the price at which you sell the eggs matter? Because you need to get the gross margin per egg produced of both production schemes.Assume that a company, UGrowIt, wants to introduce a new service helping people grow vegetables. The service is targeted at people who are new to growing vegetables or have not been successful at growing vegetables in the past. UGrowIt will travel to people’s gardens and provide gardening advice on how to get started, eliminate pests, or troubleshoot other gardening problems. The company plans to offer the service at a price that is affordable for most people. UGrowIt also offers a lower-priced option of ZOOM that includes a video inspection of the garden. A local nursery and the garden center at a hardware store are allowing UGrowIt to set up booths to sell the service to new customers. UGrowIt has created pamphlets to hand out to potential customers that introduce the service, provide contact information, and offer two pieces of gardening advice. Which of the marketing Ps is a pamphlet? Product Physical evidence Planning Process