Farm management questions.

Discuss five major limitations of accounting information.

You are the manager of Wagumu Traders and exporters of cotton to China. The summary of the activity ratios is given below by your accountant.

Required to identify and discuss the possible measures to turn around the problems faced by this company.

Briefly explain meaning of comparative financial analysis and common size in ratio analysis.

Briefly discuss the major limitations of accounting ratios

The statement of comprehensive income of Enrich Tanzania as at 30^th June 2012 is given below.

You are required to prepare common size statement of income in vertical form and comment briefly.

1. What are the main source of finance to farm families
2. Explain any three 3 loan repayment plans

Present a well-documented account on the following facts in farm management environment.

1. Agriculture in Tanzania is female intensive
2. Livestock systems

Explain the following concepts: Marginal Rate of Technical substitution, Marginal Value Product.

A firm face demand curve given by

Q=100-2p

Marginal and average cost of the firm as constant at US$ 10 per unit.

1. What output level should the firm produce to maximize profit? What is the profit at that level.
2. What output level should the firm produce to maximize revenue? What is the profit at that level
3. The answers recorded in (i) and (ii) above are based on single value expectation assumption. What does this mean and its implication for farm management decision making .

Calculate the respective inventory turnover and write a short report to the Managing Director of Gargen General Enterprises highlighting the status of the ratios in above table.