Finance
(A
computer Program to Analyze Agricultural Investments)
Version 3.0 for Windows
By
Herbert R. Hinman and Jim Boyer
Program
Objectives and Analysis Procedures
Income and cash flow problems are
leading causes of farm failures. These difficulties are often caused
by poor decisions on investments in land, machinery, buildings, and
other capital assets. Investment errors have been particularly troublesome
to some farmers in recent years. large amounts of capital are typically
on the line; most often this capital is borrowed funds with contractual
principal and interest payments. Large outlays, coupled with the risk
of long-term investments, extensive debt, and a highly volatile economy
mean that mistakes can have devastating and long-standing consequences.
The options a farmer has for controlling a capital investment are quite limited once the capital has been commited. Thus, the key to investment control is identifying the projects with the potential for acceptable financial performance before capital is committed. This can be done by subjecting major investment proposals to a thorough financial analysis. The FINANCE microcomputer program is designed to analyze the financial performance of proposed capital investments.
Table of Contents
Program Objectives and Analysis Procedures
Investment
Criteria
Example Investment
Loan Repayment Schedule
Annual Net Income Before Taxes
Net Income After Taxes
Net Cash Inflow
Net Present Value of Investment
Annual Equivalent of Net Present Value
Internal Rate of Return
Payback Periods
Summary of Analysis
Microcomputer Program
Installation
Procedure
To Create a Data File
To Edit Individual Screens
To Save Your Data
To Run the Program
To Retrieve an Existing Investment Data File
To Delete an Existing Investment Data File
To Create a new Data File
To Get Help
To Exit Program
Appendix
I: Program Output
Appendix
II: Program
Appendix
III: Modified Accelerated Cost Recovery System Depreciation Rules
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