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Word Count: 453
Conclusions I am concluding that Frederick is the better farmerbusinessman When comparing the financials of the two farmers Fredericks consistently demonstrated higher production per acre of land allotted him Ivan ended up with higher net income and more assets at the end of the year but when calculated into common terms was actually less productive overall Finding of Facts Since the two farmers were not given equal plots in order to make them comparable a common factor must be used in their analyses In order to put both Ivan and Frederick in common terms acres of land were used as the common denominator Ivan At the end of the year Ivans net income was 214 bushels of wheat After determining net income of 214 bushels I divided that by the 20 acres that he was allotted to determine that he produced 107 bushels per acre Ivans operating expenses per acre and total expenses per acre were 035 and 145 respectively Ivans balance sheet depicted a 318 positive change from the beginning of the year to the end however if that is demonstrated in terms of percent change per acre for comparability Ivan has an increase of 159 per acre His balance sheet also shows his assets and liabilities to be 259 bushels and total 1295 stated as bushels per acre On top of this Ivan still owes Feyador 3 bushels for his plow Frederick At the end of the year Fredericks net income totaled 119 bushels--significantly less than Ivans net income because of the land allotment differences Frederick produced a net income of 119 bushels per acre a favorable difference of 11 over Ivans 107 His operating expenses per acre and total expenses per acre were 050 and 160 which is higher than Ivans largely due to the fixed costs of the plow and ox Fredericks gross margin per acre is 124 bushels compared to Ivans 1105 bushels a difference of
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