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Budgeting in agriculture

Authored by Mrs. Swaby

Science

4th - 5th Grade

Used 36+ times

Budgeting in agriculture
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12 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is budgeting

Preparing to farm and canceling depts

An estimate of expected income, expenses and profit

Taking care of expenses

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Long term planning is used for the production of

Broilers

Lettuces

Milk

Tomatoes

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Long term planning is used for the production of

Broilers

Lettuces

Milk

Tomatoes

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A farming enterprise recorded that the income from the sale of broilers was $80,000. The fixed cost were $2,500 and the variable costs were $26,000. The farm profit was

$80,000-$2,500

$80,000-$2,500

$80,000-$28,500

$80,000-$26,500

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Gross margin is:

Gross income - variable cost

Gross income -fixed cost

Gross income - total cost

Gross income - net income

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The following are reasons for budgeting EXCEPT?

Allows farmer to compare the profitability of different enterprises

Provides documentary evidence for financial institutions when loan application is made

Makes It easier for farmer to control the finances of the farm

Make the farmer aware of the amount of time spend on the far per worker

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Farm income is earned by:

Producing and selling ideas

Producing and selling stock markets

Producing and selling comodities

Producing and selling markets

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