Introduction Grennell Farm is a corporation that is engaged in the production of wheat. Located in Iowa, the 2,000-acre farm was established by Jeremiah Grennell more than 20 years ago. The sudden demise of its founder has led the farm to be transferred to the leadership of, Mr. Grennell’s niece and chosen heir, Denise Grey. She was informed of her inheritance early in 2010. Ms. Grey works as an AVP in the consumer credit of a large New York bank. With the huge distance between Iowa and New York, she is carefully studying the advantages and disadvantages of retaining the farm’s ownership.
This case presents the basic business financial flows of Grennell Farm for the year 2009 and the events that she had to deal with regarding the management of the business. QUESTION # 2 The price per acre for the land was used as the basis for recommending whether Denise Grey should sell the land. Based on the comparison, it is advisable to sell 100 acres of Grennell Farm because the price per acre of $2250 is significantly higher than the original price ($187. 0) and the appraised price ($1050). QUESTION # 3 It would also help Denise Grey to evaluate the farm’s profitability and sustainability based on the following risks, liabilities and responsibilities, many of which are unknown based on the information given in the problem. Examples as follows: Tax liability Revenue gains may not be monetary Risk of loss due to bad debts Replacement of buildings and machinery Responsibility for the next season’s (2010) expenses
At Solution Essays, we are determined to deliver high-quality papers to our clients at a fair price. To ensure this happens effectively, we have developed 5 beneficial guarantees. This guarantees will ensure you enjoy using our website which is secure and easy to use.
Most companies do not offer a money-back guarantee but with Solution Essays, it’s either a quality paper or your money back. Our customers are assured of high-quality papers and thus there are very rare cases of refund requests due to quality concern.Read more
All our papers are written from scratch and according to your specific paper instructions. This minimizes any chance of plagiarism. The papers are also passed through a plagiarism-detecting software thus ruling out any chance of plagiarism.Read more
We offer free revisions in all orders delivered as long as there is no alteration in the initial order instruction. We will revise your paper until you are fully satisfied with the order delivered to you.Read more
All data on our website is stored as per international data protection rules. This ensures that any personal data you share with us is stored safely. We never share your personal data with third parties without your consent.Read more