FBMTerms quiz1

The original cost of an asset plus the value of any improvement.

A person leagally vested with the right of administration of an estate

A market participant who believes the market prices are to high and will lower

Livestock for reproduction.

The right to buy underlying futures contract or publicly traded stock at a specific price

the basic storage unit for accounting data

The receipts of a series of uniform payments over a specified time

Total units of outputs divided by the number of units of input

claims against the farm or ranch that need to be paid

The process of assigning of one segment of the organization

An estimate of the fair market value of personal property

An investment analysis ratio equal to the present value of all future benefits

difference between the local cash market price and the price of the near term futures contract

Amounts owed to the farm or ranch for products sold for services

Person named in an insurance policy to receive proceeds at the death of the insured

Resources controlled by the farm or ranch business

Claims against the farm or ranch business which have yet to be paid

An upward trend in market prices

A downward slope of market prices

A market participant who believes that prices are too low and will advance

A schedule of expected cost and returns

the repayment of of a loan and the interest due with a series of equal payments over a time

The output required for revenue to equal the cost

The basic storage unit for accounting data used to accumulate amounts from similar transactions

Interest owed but not yet paid