(a) (i) A rectangle-shaped farmland has a length of 0.2km and a breadth of 2,200km. Calculate the area of the farmland.
(ii) Mention two importance of balance sheet to a farm manager.
(b) State five sources of agricultural loans in West Africa.
(c) Mention three reasons why the floor of a deep litter is preferably covered with wood shavings instead of sawdust
(ii) Mention two importance of balance sheet to a farm manager.
(b) State five sources of agricultural loans in West Africa.
(c) Mention three reasons why the floor of a deep litter is preferably covered with wood shavings instead of sawdust
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Correct Answer: Option
Explanation:
(a) (i) Area of farmland in hectares
Length 0.2km =200m
Breadth = 2,200m
Area of rectangle = length x breadth
Area of farmland =200m x 2,200 = 440,000m²
1 hectare = 10,000m\(^2\)
Area of farmland in hectares = \(\frac{440,000} {10,000}\)
(b) (i) Importance of balance sheet to a farm manager
- Provides information on owner's equity
- Shows the extent of liability accrued over the year/ Shows assets and liabilities of the farm
- It is an indicator of farm's liquidity
- Assists in the assessment of management performance
- Shows the financial position of the farm
- For tax purposes For budgeting and planning.
(b) Sources of agricultural loans in West Africa
-Commercial Cooperative societies
- Family members/ relatives/personal/savings
- Agricultural banks
- Non-governmental organizations (NGOS)
- National Directorate of Employment (NDE)
- Private money lenders
- Microfinance Banks
- Marketing agencies
- Friends
-Micro Credit Scheme
- Bank of Industry
(c) Reasons why the floor of a deep litter house is preferably covered with wood shavings instead of sawdust
- Sawdust is very fine and can easily be inhaled by chickens
-Inhalation of sawdust by chickens can cause respiratory problems/nasal congestion
- Sawdust harbours pathogens
- Sawdusts cakes easily
- Wood shavings absorb litter better than sawdust
(a) (i) Area of farmland in hectares
Length 0.2km =200m
Breadth = 2,200m
Area of rectangle = length x breadth
Area of farmland =200m x 2,200 = 440,000m²
1 hectare = 10,000m\(^2\)
Area of farmland in hectares = \(\frac{440,000} {10,000}\)
(b) (i) Importance of balance sheet to a farm manager
- Provides information on owner's equity
- Shows the extent of liability accrued over the year/ Shows assets and liabilities of the farm
- It is an indicator of farm's liquidity
- Assists in the assessment of management performance
- Shows the financial position of the farm
- For tax purposes For budgeting and planning.
(b) Sources of agricultural loans in West Africa
-Commercial Cooperative societies
- Family members/ relatives/personal/savings
- Agricultural banks
- Non-governmental organizations (NGOS)
- National Directorate of Employment (NDE)
- Private money lenders
- Microfinance Banks
- Marketing agencies
- Friends
-Micro Credit Scheme
- Bank of Industry
(c) Reasons why the floor of a deep litter house is preferably covered with wood shavings instead of sawdust
- Sawdust is very fine and can easily be inhaled by chickens
-Inhalation of sawdust by chickens can cause respiratory problems/nasal congestion
- Sawdust harbours pathogens
- Sawdusts cakes easily
- Wood shavings absorb litter better than sawdust