WorksheetsANS2 Large Animal 2.00 Review
Total questions: 18
Worksheet time: 9mins
Students should complete an interest survey as part of which area of
their foundational SAE?
Career Exploration and Planning
Personal Financial Planning
Agricultural Literacy
Workplace Safety
A document often associated with an experimental Supervised
Agricultural Experience is a:
Employer Evaluation
Financial Records
Business Plan
Research Plan
The type of SAE that involves working for the benefit of a school or
community is:
Research
Placement
Service Learning
Entrepreneurship
The type of SAE that involves planning and conducting an agricultural
research project using the scientific method is:
Placement
Experimental
Service Learning
Entrepreneurship
The type of SAE that requires planning, implementing, operating, and
assuming financial risk is:
Placement
Experimental
Entrepreneurship
School-Based Enterprise
The part of a foundational SAE that involves comparing current abilities
to abilities needed for a specific profession is:
employability skills for college and career readiness.
personal financial planning.
career exploration.
workplace safety.
Because students' interests change and new skills are developed
throughout high school, a SAE should change and grow to:
be based on activities completed in class
align with a career plan
be instructor led
stay the same
Considering one's interests, abilities, and other personal characteristics is
the first step in developing a:
Career Plan
Job Application
Personal Budget
Workplace Risk Assessment
Mortgages that are not due this year are entered on a financial
statement as:
Current Assets
Current Liabilities
Noncurrent Assets
Noncurrent Liabilities
On a financial statement net worth is:
current assets minus current liabilities.
current liabilities plus current assets.
total assets minus total liabilities.
total assets plus total liabilities.
If a poultry farm has total assets of $500,000 and total liabilities of
$300,000, what number would be the correct entry on the net worth line
of a financial statement?
$200,000
$300,000
$500,000
$800,000
If a business has $10,000 cash on hand, $25,000 in a checking account,
and land valued at $300,000, on which line of a financial statement
should the $335,000 total be entered?
Current Assets
Net Worth
Total Assets
Total Liabilities
The part of a net worth statement that shows all debts is:
Current Liabilities
Debt-to-Equity Ratio
Inventory
Total Liabilities
On a financial statement, items that can be quickly converted to cash or
that will be sold within 12 months are:
current assets
current liabilities
equity
net worth
If a beef cattle producer has a $250,000 mortgage on his farm, and he
owes Farm Credit Service $30,000 for this year’s payment, what amount
should be entered on the noncurrent liability line of the financial
statement?
$30,000
$220,000
$250,000
$280,000
If a beef farmer’s inventory shows 100 cattle worth $400 each, medicine
and supplies worth $1,000, and land valued at $200,000, what amount
should be entered on the non-depreciable inventory line of the financial
statement?
$400
$41,000
$200,000
$241,000
If a swine producer has a $500,000 mortgage on his land and buildings,
and he owes Farm Credit Service $60,000 for this year’s mortgage
payment, what amount should be entered on the current liability line of
the financial statement?
$60,000
$440,000
$500,000
$560,000
On a net worth statement, net worth is the same as:
current assets
equity
inventory
total liabilities
