Thursday, January 3, 2019
Grennell Farm
Introduction Grennell fire is a corporation that is engaged in the production of wheat. Located in Iowa, the 2,000-acre maturate was established by Jeremiah Grennell more than 20 familys ago. The sudden demise of its discontinue has led the farm to be transferred to the leaders of, Mr. Grennells niece and chosen heir, Denise Grey. She was informed of her hereditary pattern early in 2010. Ms. Grey workings as an AVP in the consumer credit of a large New York bank. With the huge distance between Iowa and New York, she is carefully perusing the advantages and disadvantages of retaining the farms ownership.This case presents the sanctioned business financial flows of Grennell Farm for the year 2009 and the events that she had to deal with regarding the management of the business. QUESTION 2 The determine per acre for the land was used as the basis for recommending whether Denise Grey should sell the land. ground on the comparison, it is advisable to sell snow acres of Grenne ll Farm because the price per acre of $2250 is importantly higher than the original price ($187. 0) and the appraised price ($1050). QUESTION 3 It would also servicing Denise Grey to evaluate the farms profitability and sustainability establish on the pursual risks, liabilities and responsibilities, many of which are unknown based on the information given in the problem. Examples as follows Tax liability taxation gains may not be financial Risk of loss due to vainglorious debts Replacement of buildings and machinery Responsibility for the next dates (2010) expenses
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