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Question 2 (25 marks) A certain farmer has presented to you the data shown in Table 1 for 2020. She owns and manages her
Question 2 (25 marks) A certain farmer has presented to you the data shown in Table 1 for 2020. She owns and manages her farm. To answe question (a) to (1) show your work to support your answers. Calculate the: Table 1 DESCRIPTION Kah Seed purchases 80,000 Closing valuation for 2020 1,800,000 Sales of maize 400,000 Fertilizer purchases 150,000 Estimated value of management for the year 240,000 Pesticides purchases 70,000 Wages paid to hired labour 95.000 Sales of dairy products 300,000 Opening valuation for 2020 2,000,000 Value of farm produce consumed by the farm family 130,000 Interest paid on borrowed loan 20,000 Sales of horticultural produce 350,000 Estimated value of family labour for the year 80,000 a) Net farm income (4 marks) b) Adjusted Net farm income (2 marks) c) Return to Management and all capital (2 marks) d) Return to ALL capital (2 marks) e) Rate of return to ALL capital (3 marks) f) Total CASH expenses (2 marks) 25C Su
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