1 for specific request mail
FFA Farm Business Management CDE Terms
Questions and Correct Answers | Latest Update
Accounts Payable Ans: Money owed by a business after a certain time.
Accounts Receivable Ans: Money owed to a business at the end of a
specific time.
Accrual Method Ans: method used to report income and expenses by
keeping track of inventory levels.
(Accelerated Cost Recovery System) ACRS (Regular) Ans: A method of
Assignment Expert
determining depreciation of personal property.
Guru01 - Stuvia
(IRS Farmer's Tax Guide * percent of depreciation by the total cost of the
item)
(Accelerated Cost Recovery System) ACRS (Straight Line) Ans: method
used to determine the depreciation of personal or real property.
2026
(Original Cost of an item / Recovery Period)
©
First cost of an item is determined by the month that the item is
purchased.
Recovery terms are found in the IRS Tax Guide
Assets Ans: Property or resources owned and controlled by a business.
Average Yield Ans: Units of output crop / Units of input
net cash income and cash profit Ans: cash income minus cash expense
equal
net capital ratio Ans: solvency is best measured by
, 2 for specific request mail
owned by investors who are not customers & controlled on a 1 share of
stock, 1 vote basis Ans: An ordinary corporation is a business that is
normally
equity capital Ans: money provided to or invested in an agricultural
business by the owners is normally referred to as
used to evaluate a change in some aspect of the business such as
purchasing new equipment Ans: a partial budget is
the net worth of the business & the owner's share of the buisness Ans:
equity is
Assignment Expert
depreciation expense Ans: the tax deductible allowance for the loss in
value of a fixed asset due to wear and tear or obsolescence is known as
Guru01 - Stuvia
opportunity cost Ans: wages or salaries that are lost as a result of
attending college instead of working represents
2026
current ratio Ans: a measure of a farmer's ability to pay their bills this
year is given by the farmer's
©
income, production, costs Ans: according to economics, prices in free
markets that are determined by the interaction of supply are
a profit and loss statement Ans: An income statement is also called
money Ans: the traditional parts or factors of production used by farm
of agribusiness firms in production include all of the following except
current assets- current liabilities Ans: working capital =
a non-current liability Ans: the portion of land debt due after this year is
classified as
an amortized loan Ans: a constant payment loan with payments
consisting of principal and interest is called
FFA Farm Business Management CDE Terms
Questions and Correct Answers | Latest Update
Accounts Payable Ans: Money owed by a business after a certain time.
Accounts Receivable Ans: Money owed to a business at the end of a
specific time.
Accrual Method Ans: method used to report income and expenses by
keeping track of inventory levels.
(Accelerated Cost Recovery System) ACRS (Regular) Ans: A method of
Assignment Expert
determining depreciation of personal property.
Guru01 - Stuvia
(IRS Farmer's Tax Guide * percent of depreciation by the total cost of the
item)
(Accelerated Cost Recovery System) ACRS (Straight Line) Ans: method
used to determine the depreciation of personal or real property.
2026
(Original Cost of an item / Recovery Period)
©
First cost of an item is determined by the month that the item is
purchased.
Recovery terms are found in the IRS Tax Guide
Assets Ans: Property or resources owned and controlled by a business.
Average Yield Ans: Units of output crop / Units of input
net cash income and cash profit Ans: cash income minus cash expense
equal
net capital ratio Ans: solvency is best measured by
, 2 for specific request mail
owned by investors who are not customers & controlled on a 1 share of
stock, 1 vote basis Ans: An ordinary corporation is a business that is
normally
equity capital Ans: money provided to or invested in an agricultural
business by the owners is normally referred to as
used to evaluate a change in some aspect of the business such as
purchasing new equipment Ans: a partial budget is
the net worth of the business & the owner's share of the buisness Ans:
equity is
Assignment Expert
depreciation expense Ans: the tax deductible allowance for the loss in
value of a fixed asset due to wear and tear or obsolescence is known as
Guru01 - Stuvia
opportunity cost Ans: wages or salaries that are lost as a result of
attending college instead of working represents
2026
current ratio Ans: a measure of a farmer's ability to pay their bills this
year is given by the farmer's
©
income, production, costs Ans: according to economics, prices in free
markets that are determined by the interaction of supply are
a profit and loss statement Ans: An income statement is also called
money Ans: the traditional parts or factors of production used by farm
of agribusiness firms in production include all of the following except
current assets- current liabilities Ans: working capital =
a non-current liability Ans: the portion of land debt due after this year is
classified as
an amortized loan Ans: a constant payment loan with payments
consisting of principal and interest is called
