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Homework answers / question archive / University of California, Davis ARE 140 Quiz 3 1)Which of the following is not one of the 7 steps of the feasibility analysis discussed in lecture? a) examine non -physical constraints b) determine whether outside financing is needed c) inventory the physical resources d) identify the goals e) all of the above are among the 7 steps 2
University of California, Davis
ARE 140
Quiz 3
1)Which of the following is not one of the 7 steps of the feasibility analysis discussed in lecture?
a) examine non -physical constraints
b) determine whether outside financing is needed
c) inventory the physical resources
d) identify the goals
e) all of the above are among the 7 steps
2. Which of the following is not something you do in step 3, determining physically possible uses:
a) you examine the cost of production for possible enterprises
b) you match potential crop or livestock enterprises to the physical resources
c) you are likely to eliminate certain crops or livestock enterprises from further consideration
d) you develop what may be a long list of suitable crop and livestock enterprises
e) none of the above
3. Which of the following does not occur in step 5, examination of physical and nonphysical constraints:
a) you might discover a new method to solve a problem b) this step always leads to a reduced set of possibilities
c) you should consider labor time expended on the various possibilities
d) this step is about stepping back and trying to see the interaction of the various components you have examined up to now
4. Why would it be unwise to skip around and not do the 7 steps in sequential order? Choose the one correct answer.
a) there is no problem with performing the 7 steps in no sequential order
b) the only goal that is important to to make the most money
c) it would be faster to just pick the most valuable crops
d) there are situations where one or more of the steps is simply unnecessary
e) the sequence of steps generally is a narrowing process that
eliminates unsuitable possibilities
5. Calculate the net income of one acre of wheat as you did in your homework exercise, using the following data:
expenses: $534 per acre units: tons
price: $200 per ton yield: 3 tons per acre
a) $600
b) $1,602
c) $334 d) $66
e) none of the above
First cut: straight from homework assignment:
Crop Yield/acre Units Price/unit Gross income/acre Expenses/acre Net income/acre
broccoli 582 23-lb ctns $8.23 $4,790 $5,038
cabbage 1050 45-lb ctns $8.00 $8,400 $6,796 $1,604
lettuce, romaine 750 22-lb ctns $12.50 $9,375 $8,764 $611
melons 51000 lbs $1.07 $54,570 $13,460 $41,110
oat hay 2.5 tons $150.00 $375 $265 $110
peppers, bell 1800 25-lb ctns $11.00 $19,800 $10,866 $8,934
potatoes 485 cwt $6.50 $3,153 $2,529 $624
strawberries 4250 8-lb trays $15.00 $63,750 $42,842 $20,908
tomatoes 30000 lbs $2.14 $64,200 $67,192
wheat 3 tons $200.00 $600 $534 $66
winter squash 15000 lbs $0.95 $14,250 $11,037 $3,213
Additional data: 3 Year USDA national averages
Crop Yield/acre Units
cabbage 800 45-lb ctns
lettuce 838 22-lb ctns
melons 27210 lbs
peppers, bell 1401 25-lb ctns
strawberries* 4814 8-lb trays
tomatoes 27683 lbs
* subtracts out freezer berries, which are about 25% of the yield
Greg's adjustments, second cut
Crop Yield/acre Units Price/unit Gross income/acre Expenses/acre Net income/acre
broccoli 582 23-lb ctns $8.23 $4,790 $5,038
cabbage 800 45-lb ctns $8.00 $6,400 $5,500 $900
lettuce, romaine 750 22-lb ctns $12.50 $9,375 $8,764 $611
melons 27210 lbs $0.60 $16,326 $10,000 $6,326
oat hay 2.5 tons $150.00 $375 $265 $110
peppers, bell 1000 25-lb ctns $11.00 $11,000 $7,500 $3,500
potatoes 485 cwt $6.50 $3,153 $2,529 $624
strawberries 2125 8-lb trays $15.00 $31,875 $21,000 $10,875
tomatoes 27683 lbs $1.00 $27,683 $20,000 $7,683
wheat 3 tons $200.00 $600 $534 $66
winter squash 15000 lbs $0.60 $9,000 $8,000 $1,000
Crop Yield/acre Units Price/unit Gross income/acre Expenses/acre Net income/acre
tomatoes 27683 lbs $2.00 $55,366 $20,000 $35,366
strawberries 2125 8-lb trays $25.00 $53,125 $21,000 $32,125
peppers, bell 1401 25-lb ctns $22.00 $30,822 $10,866 $19,956
melons 27210 lbs $1.18 $32,108 $13,460 $18,648
winter squash 15000 lbs $1.20 $18,000 $8,000 $10,000
lettuce, romaine 750 22-lb ctns $25.00 $18,750 $8,764 $9,986
cabbage 800 45-lb ctns $16.00 $12,800 $6,796 $6,004
broccoli 582 23-lb ctns $16.46 $9,580 $5,038 $4,542
potatoes 485 cwt $13.00 $6,305 $2,529 $3,776
oat hay 2.5 tons $400.00 $1,000 $265 $735
wheat 3 tons $400.00 $1,200 $534 $666
