AGRICULTURE TEST

AGRICULTURE TEST

9th - 12th Grade

•

47 Qs

quiz-placeholder

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AGRICULTURE TEST

AGRICULTURE TEST

Assessment

Quiz

•

Business

•

9th - 12th Grade

•

Practice Problem

•

Hard

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47 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The purpose of the beginning balance sheet for a company is to show

if the business made a profit in the previous year

the value of assets liabilities, and owner equality

the change in owner equity for a given period

the change in cash balance

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

cash on hand on a business balance sheet would most closely correspond to which of the following

the balance in the farm checking and savings account

the balance in the farm checking and savings account plus other current assest

the cash balance in the farm hedging account

the cash balance in the farm checking account and the personal checking account

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The debt to assets ratio is measure of the solvency of a farm business. Which of the following indicates the business is not solvent

15.1%

.35%

90%

106%

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

homer purchased 240 acres of timber land. he obtained a load for $142,229 at 4.75% interest with the local lender. What would be the amount of interest he would be required to pay for 9 months

$5066.91

$6,755.88

$562.99

$105,210.49

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

which of the following would be considered a current asset

market livestock

breeding livestock

equipment

land

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

which of the following would be considered a non-current liability

accounts payable

accrued interest

operating loan balance

land mortgage

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a whole farm schedule of expected income and expense is a

balance sheet

partial budget

budget

depreciation schedule

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