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The Baron's Determination Of Farmers Wheat Production

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The Baron's Determination Of Farmers Wheat Production
Concordia University
Executive Summary

Problem/Goal Definition

The Baron’s goal is to determine which farmers’ wheat production was more efficient with respect to the resources provided to them.

Quantitative Analysis

• Bushels of wheat are used as the common denomination in this case.

• Oxen and plow are depreciable assets. According to Exhibit C and Exhibit D, both farmers’ oxen are depreciated using the straight-line method. Frederick can depreciate his plow, but Ivan cannot.

• According to Exhibit C, Ivan has a liability of 3 bushels towards the plow maker.

• As shown by Exhibit E and Exhibit F, the total wheat production was 381; sufficient to provide for all the Baron’s peasants.

• As per Exhibit …show more content…
| ASSETS | |
| Land | 100 |
| Ox | 40 |
| Seed | 20 |
| Fertilizer | 2 |
| | 162 |
| | |
| LIABILITIES | |
| None | - |
| | - |
| | …show more content…
| | 162 |
| | |
| SHAREHOLDER EQUITY | |
| Baron's Contribution | 162 |
| | 162 |

Exhibit B

|Balance Sheet for Frederick |
| Beginning of season |
| (all amounts are in bushels of Wheat) |
| | |
| ASSETS | |
| Land | 50 |
| Ox | 40 |
| Seed | 10 |
| Fertilizer | 1|
| | 101 |
| | |
| LIABILITIES | |
| None | |
| |-
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