There are no opportunity costs on an enterprise budget.

Use the following information to compute the straight-line deprecation value of the following asset. The asset was purchased in APRIL.  Machine Cost Salvage Value Useful Life Tractor A (Purchased in APRIL) $75,000 $7,500 6 Years   Tractor A Year 1 Year 2 Year 3 Year 4 Year 5 Year 6

Current liabilities are debts which must be paid in full within one year from the date of the balance sheet.

Please classify each of the following, each category could be used more than once. 

Which is the correct heading format for a Balance Sheet?

When conducting a farm business analysis you notice your profitability is unsatisfactory, which 2 factors should you check?

USEFUL EQUATIONS: Current Ratio= Current Assets / Current Liabilities  Working Capital= Current Assets – Current Liabilities   Debt to Asset Ratio= Total Liabilities / Total Assets  Equity to Asset Ratio= Total Equity / Total Assets  Debt to Equity Ratio (Leverage Ratio)= Total Liabilities / Total Equity   Debt Structure Ratio: Current Liabilities / Total Liabilities   Valuation Equity: Book Value – Market Value   ROA= Return to Assets / Average Assets  ROE= Return to Equity / Average Equity   Operating Profit Margin Ratio (OPM): Operating Profit / Gross Revenue   Straight-Line Depreciation: (Book Value- Salvage Value) / Useful Life  Declining Balance Depreciation: (Book Value at Start of Year) * R  R= 100/Useful Life 

The depreciation method with the greatest depreciation in the first year is

What is your value of Total Operating Expenses?

Use the following information to compute the straight-line deprecation value of the following asset.  Machine Cost Salvage Value Useful Life Tractor A (Purchased in JULY) $75,000 $7,500 6 Years   Tractor A Year 1 Year 2 Year 3 Year 4 Year 5 Year 6