Quiz 1 Flashcards
Total Cost
fixed + variable costs
Net profit/loss
revenue - total cost
Profit per acre
net profit or loss / # of acres
Break-even price
total cost / yield per acre x # of acres
ROI
(net profit or loss / total cost) x 100
Operating Cost Per
variable cost / yield per acre
Cost of gain per pound
variable cost (not including purchasing price of cattle) / gain per head
Average daily gain
gain per head / # of days
Break-even yield per acre
(fixed costs/acre + variable costs per acre) / price per bushel
Break-even price per acre
(fixed costs/acre + variable costs per acre) / expected yield
Break-even production per cwt
(fixed costs/herd size + variable costs per cow) / price per cwt
Break-even price per cwt
(fixed cost/herd size + variable costs per cow) / expected production
