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  • Assignment No.: BS-Entrepreneurship 4 - 2 Agricultural Entrepreneurship

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    Martin Rivera
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    This document contains 9 questions about using enterprise budgets to make production and business decisions for an agricultural entrepreneurship assignment. Enterprise budgets are financial plans that show the expected revenues, costs, and profits for a specific agricultural enterprise. The questions cover topics like using return above variable costs to make short-run decisions, applying economic principles before or after budgets, calculating break-even points, including opportunity costs and land charges, differences in fixed costs between farm sizes, validity of multiple budgets for one enterprise, and how loan officers, appraisers, and farmers utilize enterprise budgets.

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    Agricultural Entrepreneurship

    Original Title

    Dela Peña_Assignment No. 10

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    This document contains 9 questions about using enterprise budgets to make production and business decisions for an agricultural entrepreneurship assignment. Enterprise budgets are financial plans that show the expected revenues, costs, and profits for a specific agricultural enterprise. The questions cover topics like using return above variable costs to make short-run decisions, applying economic principles before or after budgets, calculating break-even points, including opportunity costs and land charges, differences in fixed costs between farm sizes, validity of multiple budgets for one enterprise, and how loan officers, appraisers, and farmers utilize enterprise budgets.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    24 views2 pages

    Assignment No.: BS-Entrepreneurship 4 - 2 Agricultural Entrepreneurship

    Uploaded by

    Martin Rivera
    This document contains 9 questions about using enterprise budgets to make production and business decisions for an agricultural entrepreneurship assignment. Enterprise budgets are financial plans that show the expected revenues, costs, and profits for a specific agricultural enterprise. The questions cover topics like using return above variable costs to make short-run decisions, applying economic principles before or after budgets, calculating break-even points, including opportunity costs and land charges, differences in fixed costs between farm sizes, validity of multiple budgets for one enterprise, and how loan officers, appraisers, and farmers utilize enterprise budgets.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    Jovienel A. Dela Peña Prof.

    Duffy Cabañas
    BS-Entrepreneurship 4 – 2 Agricultural Entrepreneurship

    Assignment No.

    1. Review Chapter 9 and suggest how the return above variable costs value found on most
    enterprise budgets can be used to make some short-run production decisions.

    Answer:

    2. Should the economic principles for determining profit-maximizing input levels be applied before
    or after completing an enterprise budget? Why?

    Answer:

    3. An enterprise budget for soybeans shows a yield of 46 bushels, a selling price of $11.80 per
    bushel, and total cost of $460.20 per acre. What is the cost of production? The break-even
    yield? The break-even price?

    Answer:

    4. Why should the opportunity costs of a farmer’s labor, capital, and management be included on
    an enterprise budget?

    Answer:

    5. If the land is owned, should a land charge be included on an enterprise budget? Why?

    Answer:

    6. Would you expect two farms of widely different size to have the same fixed costs on their
    enterprise budgets for the same enterprise? Might economies or diseconomies of size explain
    any differences?

    Answer:

    7. There are potentially many different enterprise budgets for a single enterprise. Defend or refute
    that statement.
    Answer:

    8. How might an agricultural loan officer use enterprise budgets? A farm real estate appraiser? A
    farmer when ordering input supplies for the coming year?

    Answer:

    9. How would an enterprise budget for a perennial or long-term crop differ from one for an annual
    crop?

    Answer:

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