Trade for labor?
If a student is “trading” items such as feed for labor, they MUST represent their hours of labor as a placement SAE. For example, if a student feeds $1000 of feed, that student MUST show the equivalent of $1000 worked in placement records. (Example: Enter the full value of all feed in the swine records, and enter the hours and dollars earned working in the placement records. Hint: $1000 per hour is probably TOO high.) • Borrowing money?Do NOT record borrowed money on the “Income & Expense Entries” worksheet of “1.Dollars&Hours”. Record dollars borrowed and repaid on the “Credit Record” worksheet in the “2.Supplemental.Files” file. Do record interest paid as an SAE expense in the Dollars & Hours file. (Record the interest, but not the principal borrowed and repaid.) Why? Recording the principal borrowed and repaid (as income and expense) improperly inflates your income and expense values. Doing so will potentially generate incorrect values when calculating efficiencies. It is only appro
