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Q1— Section header —
1.1In the farm management information system, the information might not be available in great detail, but a system that works in practice is more valuable than a complete, comprehensive system. hat
1.2Give FOUR vario us auxiliary statements that a farmer should have at his or her disposal. (4 1\
1.3farmer heard about the farm management information system and decided to initiate it
1.4Answer the following questions based on the establishment of an inventory
1.4.1Name TWO assets that must be excluded in an inventory. (2\
1.4.2
1.5The following information is made available about a seed planter on your farm DESCRIPTION UNIT Cost price
1.5.1Total amount that w ould be depreciated until the end of its useful life (2\
1.5.2Annual depreciation for the next 13 years (4\
1.5.3Depreciation that has accumulated during the period of use (4\
1.5.4Initial value in your first inventory (4
1.6The inventory should include a comp lete description of each asset. State NINE points of detail of each asset that should appear in the inventory. (9\
1.7Indicate ways in which the initial value can be determined referring to the following situations
1.7.1If the original cost price of the particular asset is known
1.7.2
1.8Manpower records are used to keep track of all matters relating to personnel. Name THREE of the matters of which the records should be kept. (3\
Q2— Section header —
2.1Draw a graph to represent each of the following FOUR rates of physical substitution of inputs. Label each of the axe s in each graph
2.1.1A fixed rate of substitution
2.1.2A constant rate of substitution
2.1.3An increasing rate of substitution
2.1.4
2.2Give a formula with which the physical rate of substitution of the relationships between two variable inputs can be calculated. 3\
2.3riefly xplain the following products /product relationships and give an example of each.
2.3.1Joint products
2.3.2Supplementary products
2.3.3Complementary products
2.3.4
2.4Answer the following questions on cost principles
2.4.1Name the THREE types of cost that can be used to determine the optimum production level, which is the l evel where profit is
2.4.2Copy the following table in the A WER BOOK and complete it Production
10.0500 650 5 000 6 000 (16\ 50]
Q3— Section header —
3.1The following information is made available about Mr Malivha s farm as at 28 February 2019
3.1.7mark will be deducted for each incorrect entry
3.1.1Current assets (9\
3.1.2Investment and other (3
3.1.3Movable assets (3
3.1.4Fixed assets (4\
3.1.5Current liabilities (5
3.1.6Medium term liabilities (2
3.1.7Long term liabilities 2\
3.1.8In drawing up a balance sheet, on what side of the balance sheet would you place the assets? 1\
3.1.9Explain in what order the assets and liabilities are arranged in a balance sheet. (2
3.1.10What is the difference in time period between the incomes statement and the balance sheet? 2\
3.2Distinguish between each of the following terms
3.2.1Total capital employed and foreign capital
3.2.2Net value and total debt
3.2.3Solvency and liquidity 4090484 Copyright reserved Please turn over
3.3Choose an item from COLUMN B that matches a description in COL UMN A. Write only the letter (A I\ next to the question number (3.3
3.3.5\in the ANSWER BOOK. COLUMN A COLUMN B
3.3.5The difference between the value of current assets and the current liabilities The combination of the interest in the assets of the enterprise Assets that are used in the process
Q4— Section header —