QUESTION 2: ANALYSIS AND INTERPRETATION 2.1 Give the general formula for each of the following efficiency measurements: 2.1.1 Rate of return on total capital before tax 2.1.2 The owner's rate of return before tax 2.1.3 Cost of foreign capital before tax 2.1.4 Cost of foreign capital after tax 2.1.5 Capital turnover ratio 2.1.6 Debt servicing ratio (62) 2.2 In agribusiness, there are various cost items that can be difficult to allocate to an individual branch without keeping a highly sophisticated system of records. Give FIVE general examples of these costs under normal circumstances. (5) 2.3 Assume the following information of Lombard farm for a certain year is available: - 1000 hectares of grain planted - 2000 tons of grain harvested - An average price of R2 000 per ton of grain received The production, marketing and administrative expenses were as follows: The valuation of farming assets was as follows: Use the above information to determine: 2.3.1 TWO measures to determine the manpower efficiency of the farm 232 A measure to judge crop efficiency 1.1.1 Net value =R180000 1.1.2 Amount of foreign capital employed =R45000 1.1.3 Owner's return rate =14% 1.1.4 Farming return rate =15% 1.1.5 Total capital employed =R240000 1.1.6 Capital turnover ratio =2:1 1.1.7 \% cost of loan capital =9% 1.1.8 Manpower efficiency =R38/ha or R419GPV per R100 labour cost 1.1.9 Grain efficiency =2,5 tones / ha 1.1.10 Efficiency of implements was poor (103) 1.2 The following data have been taken from Makhanda Farm Business and comprised of a broiler enterprise and a vegetable branch. Study it and answer the questions below. ALL values are in Rands. 1.2.1 Calculate the gross margin of the chicken branch. (10) 1.2.2 What is the value of non-directly allocatable costs for Makhanda Farm Business? (10) QUESTION 1: ANALYSIS AND INTERPRETATION OF FARMING RESULTS 1.1 The following information has been taken from the Crazy Farmer Farming Business in UMlazi on July 2022. Assume that 500 hectares of grain is planted and harvested annually. Study the information and judge whether the calculations or conclusions made below are TRUE or FALSE. ALL values are in Rands Write only 'True' or 'false' next to question number (1.1.11.1.10) in the ANSWER BOOK. 2.3.3 Efficiency of equipment in terms of variable costs (4) 2.3.4 A measure to determine if there was no overinvestment in vehicles and equipment (4) 2.4 In a logical order, state FOUR steps that a proper branch analysis will consist of. (42) 2.5 Briefly explain the calculation of the profitability of an individual production branch of a farming enterprise