This memorandum provides the financial positions of Pemsah’s and Sihathor’s farm after one year of harvest. Part I discusses the policies and procedures for the statement of operations, the corn flows statement, and performance measures. Part II consists of the policies and procedures for the statement of position, the performance measures for statement of position, and the effects of the mice problem on all three statements. PART I Policies and Procedures for Statement of Operations We prepared statements of each farm’s operations that illustrate the performances of the farms, in terms of sacks of corn, during the first harvest year. Income before Royal Taxes is equal to the harvested sacks of corn less operating costs. Sihathor’s …show more content…
As previously discussed, Amenhotep assessed the present value of the annuity at 95 sacks of corn. Therefore, at the end of the harvest Sihathor’s remaining pension liability was 93 sacks of corn due to his payment to the widow. For construction payable, Sihathor’s building was valued at 1,600 sacks of corn and Pemsah’s was valued at 1,100 sacks of corn. Sihathor and Pemsah contracted with a construction firm and agreed to pay 100 sacks of corn upon its completion causing them to owe 1,500 sacks and 1,000 sacks, respectively. Performance Measures The return on equity (ROE) is a measure of how well a noble uses investment sacks of corn to generate a growth. It is calculated by dividing the net income by the average equity. Sihathor’s ROE was 6.758% (24,143 divided by 357,271.5). Pemsah’s ROE was 6.984% (18,395 divided by 263,397.7). Also calculated was the growth in assets, which is the ending assets divided by the beginning assets. Sihathor’s growth in assets totaled to 107.27% (389,086 divided by 362,700). Pemsah’s growth in assets totaled 111.65% (291,620 divided by 261,200). The final measure of the performance was the return on assets (ROA), which is found by dividing the net income by the average assets. The ROA tells the Chief Scribe how a noble’s assets generate revenue. Sihathor’s ROA totaled to 6.423% (24,143 divided by 375,893), while Pemsah’s ROA totaled to 6.655% (18,395 divided by
The weather has an impact on the procurement of grains and makes it very volatile. In 1990 a poor harvest contributed to low inventories and sales volume. Willis
The profitability ratio shows the ability for a company to generate profits. Ratios that are used calculating profitability of a company are return on assets and return on equity. The return on assets calculates the ability of a company to effectively use assets to generate income, the percentages per quarter in year one are; 76%, 22%, 34%, 37%. This shows profit during each quarter. In years two, three, and four the percentages are; 68%, 54%, 49%, 38%. These ratios show a slight decline but still a solid profit. The return on equity shows the amount of money earned per dollar investing into the company by shareholders. By quarter, year one return on equity is .81 .61 .28 .29, years two, three and four are all .32. These numbers show an above average return, the average return in the United States is between .10-.15, and over .20 is considered above average (Kennon, 2011.)
I kept reading the first sentence and how it talked about ‘the average yield an acre from land that has been tilled for a century is more than
The demand for corn has greatly increased because of its many new found uses but mainly because it has been discovered that corn can be use as an alternate energy source. This great demand for corn has increased many area of farming and production of corn here and other countries such as Mexico and South America. This great demand has lead to an increase in farmers who are willing to cash in on these cash crops and try to earn a few quick dollars because of the great demand for it. In 2007 Corn farmer saw record profits because famer where getting twice as much for corn as they did in previous years. The same trend continued but farmers dealt with so many obstacle such as weather, bugs and lack of
If any one take money from a merchant, and give the merchant a field tillable for corn or sesame and order him to plant corn or sesame in the field, and to harvest the crop; if the cultivator plant corn or sesame in the field, at the harvest the corn or sesame that is in the field shall belong to the owner of the field and he shall pay corn as rent, for the money he received from the merchant, and the livelihood of the cultivator shall he give to the merchant.
Consequently, according to the information, Deyonne’s income of last year was 80 sheep, while Batonne’s income was that 20 sheep plus 40 sheep that were traded for 10 additional land and 5 coats equaling 8(1/3) sheep. Therefore, Deyonne’s income of 80 sheep was versus Batonne’s income of 68(1/3) sheep. Deyonne’s income was greater for the past
Local farmers were being warned that, owing to the high prices for cattle at Doncaster Fat Stock Market, no live cattle should be sold for over 74/- per cwt. In a telegram the Food Controller told them specifically that: ‘If there is a serious charge that farmers are unreasonably withholding fat cattle from the market, supplies will be requisitioned and competitive buying stopped.’ On a more positive note, farmers were encouraged to learn that the Army Authorities had agreed to provide a number of soldiers to assist with the harvesting of hay and corn. It was just as well since the Isle, in common with the rest of the country, appeared to be in line for a ‘bounteous harvest.’ Wheat crops were expected to be above average and the potato crop was looking well. In part this was due to an increase in spraying, a procedure that had become much more prevalent over the years of the war. The predictions proved correct; when the
Rate of Return on equity measures a corporation 's profitability by revealing how much profit a company generates with the money shareholders have invested. It indicates how efficiently the business uses its investment funds. For Tesco, Rate of Return on Shareholders’ Fund has increased from 13.85% in 2004 to 14.91% in 2009. This shows an improvement of 1.06% in five years period. When one examines the Sainsbury’s Rate of Return on Shareholders’ Fund, there is an increase from 7.76% to 8.36%. There is a 0.6% growth in the Rate of Return on Shareholders’ Fund. In comparison with Tesco, Sainsbury’s Rate of Return on Shareholders’ Fund is lower. Shareholders earned 13.85% from their investment (measured in book value
According to the statistics provided by [31], the average production of the land being used in the cultivation of corn yields around 195-210 bushels per acre. Here we consider a case of 200 bushels.
The factors looked at such as the profit margin, ROE, and ROA do paint the picture that the current state of the business is good. Revenues have increased on average 10% each year from 2002 to 2005. However during this time cash balances have decreased. Accounts receivable and inventory have increased in the same time span. Cash has decreased from $120.1 to $9.4, a decline of 92% over the four year time span. In the same period Accounts Receivable went from $90.6 in 2002 to $146.4 in 2005, an increase of 62%. Likewise, inventory has increased from $468.3 to $656.9, an increase of 40%. We do know that there are factors behind this increases and decreases, but has the change
Over the past century, corn has become the world’s largest crop, being used in over 3,500 applications. Corn is one of the most versatile plants in the agricultural community. It can be employed as a source of feed for animals, processed into byproducts such as sweeteners, flour, and corn meal, can be converted into fuel sources such as ethanol and more. The United States is the world leader in corn production, though it is produced on every other continent except Antarctica. In total, 88 percent of corn produced in the United States is actually grown from genetically modified seeds. Of that amount, Monsanto Company controls roughly 80 percent of the genetically modified seeds used to produce the corn.
ROI tells management whether the profits being generated are enough to compensate for the opportunity costs, the risks, and the time value of the money that the company has invested to produce those profits. A related metric is return on assets (ROA), which evaluates profits against the value of all the assets (capital, plant, equipment, etc.) the company has channeled into generating its income.
In most of the literature, bank’s profitability, usually measured by return on asset (ROA) and return on equity (ROE). In this study, Return on Equity (ROE) was used as measures of bank’s profitability. ROE was determined as net profit divided by total equity and was expressed in percent. ROE showed the profit earned per taka of equity and most importantly.
I am most grateful for the peer support in the Department of Agricultural Economics, since September 1989 when I started my academic career as lecturer. In this regard, I am thankful to colleagues including Professor Noble Nweze, Professor C. U. Okoye, Dr. (Mrs.) Ifeyinwa Achike and Professor C. J. Arene. Also, I recall collaboration with lecturers from
CONTOH ANALISIS KELAYAKAN FINANSIAL USAHATANI LADA (Piper nigrum, L) DI DESA KUNDURAN KECAMATAN ULU MUSI KABUPATEN LAHAT SUMATERA SELATAN