Question

Patricia Company had poor internal con over its cash transactions. Facts about its cash position at November 30, 2022, were as follows: The cash ledger showed a balance of $18,901.62, which included undeposited receipts which were on hand at November 30. A credit of $100 on the bank's records did not appear on the books of the company. The balance per bank statement was $15,550. Outstanding checks were #62 for $116.25, #183 for $150, # 284 for $253.25, #8621 for $190.71#8623 for$206.80, and # 8632 for $145.28. The cashier subtracted undeposited receipts of $3,794.41 and prepared the following reconciliation: $18,901.62 Balance per books, November 30, 2022 Add: Outstanding checks $190.71 8621 206.80 8623 442.79 145.28 8632 19,344.41 (3,794.41) Less: Undeposited receipts Balance per bank, November 30, 2022 15,500.00 Deducted: Unrecorded credit 100.00 True cash, November 30, 2022 $15,450.00 719.6

Answer 1

Let us analyse the situation

No of oranges per Total yield 24000 No. of trees tree 60 400 61 396 24156 392 62 24304 63 388 24444 64 384 24576 24700 65 380 66 24816 376 67 372 24924 68 368 25024 25116 69 364 70 360 25200 71 356 25276 25344 72 352 73 348 25404 74 344 25456 75 340 25500 76 336 25536 25564 25584 77 332 78 328 25596 79 324 25600 80 320 81 316 25596 25584 82 312 83 308 25564 304 84 25536 85 300 25500 86 296 25456 87 292 25404 88 288 25344 89 284 25276 90 280 25200

In the above analysis, we can observe that the total yield is maximum when the number of trees planted are 80. If we continue planting more trees after 80, the total yield will start declining.

Hence, Granville should plant 80 trees to maximize the total yield.