California Record Book Test (FFA Field Day) – Questions & Answers - Consumnes River College What item are included in the Placement Enterprise Agreement? Right Ans - -Duration of employment
-Pay rate
- Agricultural Skills to be performed - Frequency of Payment
-Employer Will
- Student/Employer Signatures
Personal Net Worth is Right Ans - - Personal assets minus personal liabilities
What are some items included in the school activity section? Right Ans - - Description of activity
- Dates participated in the activity
Which business necessities must be completed before beginning an enterprise? Right Ans - - budget, business agreements
A brood ewe that you purchased during the year and still own at the end of the year should be entered on the? Right Ans - -non current/capital depreciable inventory
The document used to show when various business functions will occur is called Right Ans - -calendar of events
Ownership enterprise agreements should include? Right Ans - -facilities to be provided by the "other party"
-duties to be performed by the student
-benefits the student is to recieve
Where would you record money received from your supervised agricultural experience program? Right Ans - - enterprise accounts receivable
This decision making aid concerns the monetary conduct of an enterprise and is prepared with probable income and expenses Right Ans - -budget If your market swine dies, you should record the loss in the Right Ans - - financial statement
The last thing you do on business agreement is Right Ans - - sigh it
An unpaid placement enterprise must have a placement agreement if the hours of self labor is over Right Ans - - 50
One tablespoon equals Right Ans - 1/2 fluid ounce
1 cord equals Right Ans - 4 feet x 4 feet x 8 feet
1760 yards equals Right Ans - 1 mile
Income and expenses are recorded when Right Ans - transactions occur
Business agreements must be Right Ans - -typed
-written in ink
Project debts and the debt's retirement are listed on this form, by amount, purpose, date, and remaining debt balances Right Ans - -enterprise loan payment summary
What are some examples of depreciable property? Right Ans - -equipment
- breeding animals
- farm buildings
-trees and vines
-nonresidential real property
-residential real property
-drainage facilities
-water wells
The entries in your journal should be balanced at least Right Ans - Monthly
Perennial crops are listed on the Right Ans - Non-current/capital depreciable inventory
When is the income summary completed? Right Ans - end of the year
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