L9: Enterprise Budgeting

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6 Terms

1
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Enterprise Budget

Includes some of the key metrics for one agricultural product the farm is producing to assess its viability

2
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Enterprise Budgeting includes…

Operator labor and management (how many hours are you working? what effort ? to know this enterprise’s relative worth)

3
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per cwt meaning

per cwt refers to per 100 pound weight for the livestock industry and is often used for entreprise budegting for cattle for example

4
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Enterprise Accounting

5
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List in order of items to put down the left-most column in Enterprise Budget

  1. Income

  2. Total Income

  3. Operating Costs

  4. Overhead Costs

  5. Total Operating Costs

(finish / edit)

6
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List in order of items to put in top row in Enterprise Budget

  1. Unit

  2. Price

  3. Quantity

  4. Total