Ag Mech/ Ag Business Final

A complete list of all parts and supplies used in a project, such as wood, metal, hardware, fasteners, and adhesive.

• Style
• Cutting List
• Bill of Materials
• Budget

True or False: the management of the profitability of agricultural goods is known as agribusiness.

• True
• False

Market animals in a livestock enterprise are considered ____ assets.

• Current
• Noncurrent
• Capital
• Variable

Which of the following would be considered a noncurrent asset for a candy company?

• Industrial cooling racks
• Flavoring oils
• 250lbs of sugar
• Shipping Boxes

The ______ value of a depreciable asset is the amount of money the asset is worth when all of the usefulness to the business is gone.

• Balanced
• Recoup
• Salvage
• Withered

Which of the following would be considered a liability?

• Equipment loans
• Operating loans
• Chattel Mortgage
• All of the above

The mathematical calculation that business owners can complete to help them know the total value of their business is a _________ analysis.

• Income
• Cash Flow
• Market
• Net Worth

Selling which of the following items would be considered a capital sale for a beef cattle operation?

• Bred Cows
• Leftover hay
• Market calves
• Pasture rent

Which of the following would be examples of current assets?

• Market Lamb
• Halter
• Show Box
• Soap

Which of the following would be examples of Noncurrent assets?

• Market Lamb
• Halter
• Show Box
• Soap