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Farm Management 7th Edition by Ronald Kay , William Edwards,Patricia Duffy
Edition 7ISBN: 978-0073545875Farm Management 7th Edition by Ronald Kay , William Edwards,Patricia Duffy
Edition 7ISBN: 978-0073545875 Exercise 1
What is the total annual fixed cost for a $45,000 tractor with a 12
year life and a $9,000 salvage value, when insurance and taxes are 2 percent of average value and there is a 9 percent opportunity cost on capital
What is the average fixed cost per hour if the tractor is used 400 hours per year
If it is used 700 hours per year
year life and a $9,000 salvage value, when insurance and taxes are 2 percent of average value and there is a 9 percent opportunity cost on capital
What is the average fixed cost per hour if the tractor is used 400 hours per year
If it is used 700 hours per year
Explanation
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Verified
Fixed Cost:
Fixed cost is the cost whic...
Farm Management 7th Edition by Ronald Kay , William Edwards,Patricia Duffy
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