sample-datat-2010

sample-datat-2010 - Cash on Hand Other Current Assets Land...

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Cash on Hand 7,000.00 Other Current Assets 10,500.00 Land Value 630,000.00 Building Value 80,000.00 Machinery Value 120,000.00 Contributed Capital 160,000.00 Retained Earnings 200,000.00 Government Program Payments 22,500.00 Other farm income 0.00 Gain/loss on sales of capital items 800.00 Variable Production Costs 308,855.00 Variable Interest 8,052.00 Hourly Labor Cost 0.00 Fixed Labor Cost 0.00 Property Taxes 2,700.00 Utilities 3,780.00 Land Rent 8,500.00 Fixed Interest 9,799.00 Insurance 3,240.00 prepaid expenses 780.00 389.7 accounts receivable 3,570.00 accounts payable 3,500.00 interest accrued 12,300.00 other accrued expense 4,100.00 Change in interest payable 220.00 Change in accounts receivable 1,450.00 Change in accounts payable -120.00 Change in prepaid expenses 134.00 Change in accrued expenses 510.00 outstanding current loans 6,000.00 Machinery principal due this year 4,500.00 Mortgage principal due this year 17,750.00 Machinery payments due later 18,000.00 Mortgage principal due later 177,500.00 Land Use units acres yield quantity producedprice quantity sold revenue pasture ** 380 xxx xxx xxx corn bu 200 115 23,000.00 4.00 23000.00 92,000.00 cotton lbs 200 720 144,000.00 0.56 129600.00 72,576.00 soybeans bu 320 50 16,000.00 7.50 16000.00 120,000.00 farmstead/waste 40 284,576.00 total cropland 720 total acres 1140 inventory changes item beg value end value change fuel 400.00 800.00 cotton 32,000.00 40,640.00 8640.00 misc supplies 120.00 60.00 total supplies 520.00 860.00 340.00 Labor Operators 1.5 full-time hired 0 cattle inventory (market) type beg no value sales no sales value death end no ending value brood cows 150 120,000.00 29 19,140.00 1 150.00 120,000.00 bulls 5 7,500.00 0 6.00 9,000.00 replacement heifers 30 24,000.00 0 30.00 24,000.00 stockers 40 22,000.00 40 22,400.00 0 40.00 22,400.00 Total 173,500.00 175,400.00 0.00 calves born died no sold sales value heifer 60 1 29 13,572.00 bull 61 1 60 33,000.00 0.81
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Current Portion of Deferred Taxes Inventories Crops 40,640.00 Market Livestock (stockers) 22,400.00 (should be 0 on your farms) Prepaid expenses 780.00 Investment in growing crops 0.00 Accounts receivable 3,570.00 income increasing 67,390.00 Accounts payable 3,500.00 Accrued interest 12,300.00 Other accrued expenses 4,100.00 income reducing 19,900.00 net current income deferred 47,490.00 assumed tax rate 0.25 taxes on deferred income 11,872.50 Capital gains on current assets 1,050 (10% of "other current assets") capital gains tax rate 0.15 deferred capital gains 157.5 Total current portion deferred taxes 12,030.00 Non-Current Portion of Deferred Taxes Market assumed rate Est Cost machinery 120,000 0.90 108,000 purchased breeding livestock (bulls) 9,000 0.95 8,550 buildings 80,000 0.70 56,000 land 630,000 0.50 315,000 Total 839,000 487,550 Difference 351,450 144,000 Total 495,450 Assumed rate 0.15 deferred taxes, market 74,318
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Table 1. Balance Sheet, December 31, 2009 Currrent Assets: Current Liabilities
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This note was uploaded on 11/15/2011 for the course AGEC 7100 taught by Professor Duffy,p during the Fall '08 term at Auburn University.

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sample-datat-2010 - Cash on Hand Other Current Assets Land...

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