Crops and feed revenue' for Joe and Elise farmer is $502,893. Assume that of that amount, $450,000 came from the sale of canola—specifically: 25,000 bushels at $18 per bushel. By what percent can the price of canola decline before Joe and Elise's capital replacement and term debt repayment margin goes to zero?

Answer rating: 100% (QA)

To calculate the percentage by which the price of canola can decline before Joe and Elises capital r... View the full answer