Colorado Ranch Management School (Part 8)

Summary

T ¢cF 1. Enterprise gross margins are the difference between enterprise gross revenue and direct cost. om by herd PE Grose’ nibs 4155 us to compare operations of different structures and sizes. T LF 3. Contribution analysis gives the ranch gross revenue credit for livestock even though the livestock were not sold. T “F 4. Managerial accounting differs from financial accounting in the following ways: managerial accounting places less emphasis on precision and it is not governed by generally accepted accounting principles. i un there hehaview ee allocates cost based on T a. 6. Over the-long run, price equals the average cost of production. cyuce causa Subecels [a

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