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Management Practices With Large Lima Beans in Southern California (Classic Reprint) - Softcover

Sullivan, Wallace

 
9781390478877: Management Practices With Large Lima Beans in Southern California (Classic Reprint)

Synopsis

Excerpt from Management Practices With Large Lima Beans in Southern California

Total Income - Total income is the result of. Yield times price of the product. Warehousing, cleaning, and selling are considered as part of the marketing process and their costs are deducted from income. Hence, income and prices are computed upon delivery of the beans to the ware house. Income from bean straw is computed from price received at the farm or estimated market value.

Total Costa - These include all man labor (both hired and operator's), all field power (both hired and owned by the Operator), all material and cash costs, depreciation charges on improvements and equipment, interest on investment calculated at 5 per cent (excepting field power), and rent on land.

Management Income - Management income is total income less total cost.

Capital and Management Income - Management income plus the charges made for interest on capital investment or rent paid for the use of the land is called capital and management income.

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