Farm business management CDE EXAM QUESTIONS AND ANSWERS 100% CORRECT!

First step in decision making process - ANSWERDefine the problem Short term goals are normally achieved in - ANSWER1 year How do you find liquidity current ratios - ANSWERDivide current assets by current liabilities How do you find liquidity working capital - ANSWERSubtract current assets by current liabilities How do you find liquidity debt structure - ANSWERCurrent liabilities divided by total liabilities x 100 How do you find liquidity asset structure - ANSWERCurrent assets divided by total assets x 100 Cash flow budget projects what over a specific time period ? - ANSWERMoney flow, receipts, expenditures Modern farming is best described as - ANSWERCapital intensive A farm budget is - ANSWERA prediction of what will happen Fixed or long term assets - ANSWERItems w