1. Explain and give examples of the three needs for liquidity

2. Compare and contrast the use of assets and liabilities for liquidity sources.

3. Corn example - Currently have 10 acres of corn for silage. What if we want to make it a corn maize? Do this as a partial budgeting exercise. I have attached budgets for sweet corn and corn silage. You will have to decide other costs that they might have and what the revenue for the corn maze would be. You need to write a one page paper saying what you would do. Make the assumptions in your numbers clear.