SAE Terminology

Front

What does "Annual review" refer to in the context of SAEs?

Back

Description of annual progress on SAEs

Front

What is "Beginning inventory"?

Back

Inventory on-hand January 1

Front

What does "Cash expense" mean?

Back

Money paid by SAE

Front

What is "Cash income"?

Back

Money received by SAE

Front

What does "Ending inventory" refer to?

Back

Inventory on-hand December 31

Front

What is a "Current capital item"?

Back

Crops, feed, market animals, etc. you currently own

Front

What is a "Dam" in agricultural terms?

Back

Female breeding animal

Front

What is a "Depreciable capital item"?

Back

Capital item that goes down in value over time

Front

What does "Gross revenue" mean?

Back

Change in current inventory and total sales

Front

What is "Net income"?

Back

Gross revenue minus expenses