Bill's conventional orchard
*15hectres are planted in apples.
*the orchard normally produce 2000 trays of apples per hectre.
* this yeah the yield is 30 less because of a hailstorm.
2/3 of the apples are exported at $20.70 per tray this year.
*the remaining apples are sold on the local market at $15.40 per tray
* Bill expects that his earning will decrease by 1/20 oer year for the next 3 years
Joe's orgnic orchard
*10 hectres are planted in apples
*the orchard normally produces 1500 trays of apples per hectre.
*6% of the apples are damaged and cannot be sold.
*the rest of apples are exported or sol locally in the ratio export : local = 3:2 .
*the exported apples are sold for $32.00 a tray this yer.
*the remaining apples are sold on the local market at $18.10 per tray
*joe expects that his earning will increase by 4% per year for the next 3 years
Task: USE THE FOLLOWING INFORMATION TO INVISTIGATE AND COMPARE THE EXPECCTED EARNINGS FROM JOE'S ORCHARD AND BILL'S ORCHARD FOR THIS YEAR
INVISTIGATE AND COMPARE THE FUTURE EARNINGS OF BOTH ORCHARDS IN THREE YEARS TIME.
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