True or False: The best way to analyze an investment is to compute the payback period.

True or False: Rate of return on equity is larger than the rate of return on assets for your farm in 2012.

True or false: A parent and child who set up separate farming operations may still find it

advantageous to own certain assets jointly.

4. True or false: A cash flow budget may suggest ways to rearrange purchases and scheduled debt payments to minimize borrowing.

True or False: There are two general differences between a Cash Flow Budget and an Income Statement. One, the omission of any noncash items from a cash flow budget, and two, the need to enter all cash flows on a cash flow budget.