Get premium membership and access revision papers, questions with answers as well as video lessons.
Agec 243:Farm Management Question Paper
Agec 243:Farm Management
Course:Bachelor Of Science In Animal Production
Institution: Chuka University question papers
Exam Year:2011
INSTRUCTIONS
Answer question One and any other two. Do not write on the question paper.
Question One (1)
(i) A farm manager is faced with various choices to make about his farm business, especially in the determination of various enterprises to include in his farm business. Discuss the factors which he has to consider so that he maximize the profit (returns) of his farm business remembering that it is the objective of the farm business. [20 marks]
(ii) Describe the business principles of farming. [10 marks]
Question Two (2)
(i) The basic farm management facts from which farm management principles are developed are obtained from four major sources. Discuss these sources and give example of each. [12 marks]
(ii) There are various methods of analyzing farm management data for the determination of relationships and establishment of management principles. Describe these methods. [8 marks]
2
Question Three (3)
(i) Distinguish between cash flow budget and partial budget. [4 marks]
(ii) Discuss the advantages of using farm management survey method of obtaining farm management data as opposed to other methods. [8 marks]
(iii) There are various factors that determine the average yearly profit on any farm business. Explain these factors. [8 marks]
Question Four (4)
The following information was extracted from the books of Mr. Mwangi’s farm business on 31st December 2010.
KSh. Building 120,000 Land 300,000 Equipment and Machinery 100,000 Bank loan 80,000 Seasonal loan (AFC) 30,000 Cash in bank 5,000 Cash in hand 2,000 Sundry debtors 1,000 Sundry Creditors 2,000 Sheep 25,000 Fertilizer 3,500 Maize 12,000 Beans 6,000
Mr. Mwangi was owed 3500 for beans sold to NCPB, 12000 for milk to KCC, 3000 for maize sold to NCPB. Mr. Mwangi owns 4000 for suppliers for hardware store, 6500 for feeds and chemicals from KGGCU.
Required:
(1) Use the information given and draw a balance sheet for this farm as of the relevant date.
(2) Comment about the equity of this farm, is it solvent or insolvent? [20 marks]
----------------------------------------------------------------------------------------------------------
More Question Papers
Popular Exams
Return to Question Papers