AGEC 325 final 2023 (All Solved Accurately 100%)

estimating machinery costs correct answers List the basic data Calculate ownership costs Calculate operating costs Calculate total cost per hour Calculate cost per acre factors to consider in machinery selection correct answers Machinery size Timeliness Machinery size correct answers Field Capacity equals speed (mph) x width (feet) x field efficiency (%) divided by 8.25 Minimum field capacity = acres to cover divided by hours per day x days available Field days needed = Acres to cover divided by Hours per day times acres completed per hour Timeliness correct answers Some field operations do not have to be completed within a fixed time period, but the later they are performed, the lower the harvested yield is likely to be. alternatives for owning machinery correct answers Ownership, Rental, Leasing, Custom hire Adv ownership correct answers Security of tenure Loan collateral Management independence and freedom Hedge against inflation Pride of ownership Dis ownership correct answers Cash flow Lower return on capital Less working capital Size limits cash leasing correct answers More working capital Additional management More flexible size More flexible financial obligations dis cash leasing correct answers Uncertainty Poor facilities Slow equity accumulation