Question: Create a lecture notes for the following information: 5 Profit and Loss -Definition -Calculating Revenue, profit, gross margin, and net returns Practicum: Gross margin analysis

Create a lecture notes for the following information: 5 Profit and Loss -Definition -Calculating Revenue, profit, gross margin, and net returns Practicum: Gross margin analysis of a livestock enterprise 6 Record Keeping -Types of farm records: production, financial, inventory -Importance of record keeping Practicum: Maintain a simple record book using sample data

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