Grennell Farm

Introduction Grennell grow is a corporation that is occupied in the production of wheat. Located in Iowa, the 2,000-acre farm was established by Jeremiah Grennell more than 20 years ago. The sudden demise of its founder has conduct the farm to be transferred to the leadership of, Mr. Grennells niece and chosen heir, Denise Grey. She was informed of her hereditary pattern early in 2010. Ms. Grey works as an AVP in the consumer book of facts of a large untested York bank. With the huge distance between Iowa and New York, she is carefully studying the advantages and disadvantages of retaining the farms ownership.This case presents the basic handicraft financial flows of Grennell Farm for the year 2009 and the events that she had to deal with regarding the management of the business. principal 2 The price per acre for the land was used as the basis for recommending whether Denise Grey should deceive the land. Based on the comparison, it is advisable to sell 100 acres of Grennell Farm because the price per acre of $2250 is significantly higher than the original price ($187. 0) and the appraised price ($1050). QUESTION 3 It would also help Denise Grey to evaluate the farms profitability and sustainability based on the following risks, liabilities and responsibilities, many of which are unnoticeable based on the information given in the problem. Examples as follows revenue liability Revenue gains may not be monetary run a risk of loss due to bad debts Replacement of buildings and machinery Responsibility for the next sequences (2010) expenses