Baron Coburg

(A Case Study)

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MEET THE
CHARACTER
S!
Bo Cabahug as

Baroness
Coburg

MEET THE
CHARACTER
S!

Hilton Secerio
as Ivan

MEET THE
CHARACTER
S!

Arvin Beltran
as Frederick

I. Situation
O Baron Coburg was a feudal landlord

and an owner of many lands surrounding

his high castle. He wondered who
should be the one to do the farming
of his land. Having 30 acres of land, of
which an acre is worth 5 bushels of
wheat each, he called two of his
peasants Ivan and Frederick, to
handle this responsibility. He then
divided his goods among the two of
them.

O Ivan was given 20-acre plot of ground,

20 bushels of wheat for seed, and 20

pounds of fertilizer worth 2 bushels
of wheat. On the other hand, Frederick
was given 10-acre plot of ground, 10
bushels of wheat for seed, and 10
pounds of fertilizer. Baron gave both of
them oxen good for 10 years which
was worth 40 bushels of wheat.
Feyador the Plowmaker was to provide for
their plows. Baron Coburg then asked his
two peasants to come back the next fall.

IVAN

FREDERICK

20-acre plot of
ground
20 bushels of
wheat for seed
20 pounds of
fertilizer worth
2 bushels of
wheat
Oxen good for
10 years which
was worth 40
bushels of
wheat

10-acre plot of
ground
10 bushels of
wheat for seed
10 pounds of
fertilizer worth
1 bushel of
wheat
Oxen good for
10 years which
was worth 40
bushels of
wheat

O Summer came and went and soon the two

peasants reported their earnings to Baron

Coburg. Ivan presented his master the following:
a slightly used ox, a broken plow, and 223
bushels of wheat. He also reported that he
owed Feyador 3 bushels of wheat for the
plow and all his supplies of seeds and
fertilizers were used. Frederick informed his
master that he still has a partially used ox, the
plow for which he paid his harvest 3
bushels of wheat to Feyador and 105
bushels of wheat. He also used all of his
seeds and fertilizers. Baron was reminded that
he took 20 bushels of wheat from Ivan and
30 bushels of wheat from Frederick for his
personal use.

IVAN

FREDERICK

A slightly used ox

A partially used ox

A broken plow

Plow

223 bushels of wheat 105 bushels of wheat

Owed Feyador 3
bushels of wheat for
the plow

Payment to Feyador
worth 3 bushels of
wheat of his harvest
for the plow

Took 20 bushels of
wheat for personal
use

Took 30 bushels of
wheat for personal
use

all his supplies of

seeds and fertilizers
were used

used all of his seeds

and fertilizers

O After hearing all of these, Baron

dismissed Ivan and Frederick and

then began to contemplate about
what he just learned and who did
better between his two
peasants.

II. Problem
OWho should Baron

Coburg choose to do the

farming next season
based on Ivans and
Fredericks
performances?

III. Alternative Courses of

Action
O To compare the Beginning Balances

of Ivan and Frederick.

O To compare the Income Statements
of Ivan and Frederick.
O To compare the Ending Balances of
Ivan and Frederick.
O Analysis of Performance of Two
Peasants

Beginning Balances of Ivan and

Frederick

IVAN

FREDERICK

20-acre plot of
ground
20 bushels of
wheat for seed
20 pounds of
fertilizer worth
2 bushels of
wheat
Oxen good for
10 years which
was worth 40

10-acre plot of
ground
10 bushels of
wheat for seed
10 pounds of
fertilizer worth
1 bushel of
wheat
Oxen good for
10 years which
was worth 40

IVAN

FREDERICK

Convert
amounts
into
bushels of
wheat:
20-acre plot 20(5) =
of ground
20 bushels
of wheat
for seed

100
20

Convert
amounts
into
bushels of
wheat:
10-acre plot 10(5) =
of ground
10 bushels
of wheat
for seed

10

20 pounds
of fertilizer
worth 2
bushels of
wheat

10 pounds
of fertilizer
worth 1
bushel of
wheat

Oxen good
for 10 years
which was
worth 40
bushels of
wheat

40

Oxen good
for 10 years
which was
worth 40
bushels of
wheat

40

50

Ending Balances of Ivan and Frederic

IVAN

FREDERICK

A slightly used ox

A partially used ox

A broken plow

Plow

223 bushels of wheat

105 bushels of wheat

Owed Feyador 3 bushels

of wheat for the plow

Payment to Feyador
worth 3 bushels of
wheat of his harvest for
the plow

Took 20 bushels of
wheat for personal use

Took 30 bushels of
wheat for personal use

all his supplies of seeds used all of his seeds and

and fertilizers were used
fertilizers

IVAN

FREDERICK

Convert
amounts into
bushels of
wheat:

Convert
amounts into
bushels of
wheat:

A slightly
used ox

(4)

A partially
used ox

(4)

A broken
plow

Plow

(1)

223 bushels
of wheat

223

105 bushels
of wheat

105

Owed
Feyador 3
bushels of
wheat for the
plow

(3)

Payment to
Feyador
worth 3
bushels of
wheat of his
harvest for
the plow

Took 20
bushels of
wheat for
personal use

20

Took 30
bushels of
wheat for
personal use

30

all his
supplies of

Seed =

used all of his

seeds and

Seed =

Income Statements of Ivan

and Frederick

Journal Entries - IVAN

1. Growing Expense - Seed

20

Seed - Assets

2. Growing Expense - Fertilizer

20

Fertilizer - Assets

3. Depreciation Expense - Ox

Accumulated Depreciation - Ox

4. Plowing Cost

Plowing Payable

5. Withdrawals

20

Baron's Contribution/ Ivan's Capital

6. Wheat Harvest

20

243

Journal Entries - FREDERICK

1. Growing Expense - Seed

10

Seed - Assets

2. Growing Expense - Fertilizer

10

Fertilizer - Assets

3. Depreciation Expense - Ox

Accumulated Depreciation - Ox

4. Depreciation - Plow

Accumulated Depreciation - Plow

5. Withdrawals
Baron's Contribution/ Frederick's Capital

30
30

Ending Balances of Ivan and Frederic

IVAN

FREDERICK

A slightly used ox

A partially used ox

A broken plow

Plow

223 bushels of wheat

105 bushels of wheat

Owed Feyador 3 bushels

of wheat for the plow

Payment to Feyador
worth 3 bushels of
wheat of his harvest for
the plow

Took 20 bushels of
wheat for personal use

Took 30 bushels of
wheat for personal use

all his supplies of seeds used all of his seeds and

and fertilizers were used
fertilizers

IVAN

FREDERICK

Convert
amounts into
bushels of
wheat:

Convert
amounts into
bushels of
wheat:

A slightly
used ox

(4)

A partially
used ox

(4)

A broken
plow

Plow

(1)

223 bushels
of wheat

223

105 bushels
of wheat

105

Owed
Feyador 3
bushels of
wheat for the
plow

(3)

Payment to
Feyador
worth 3
bushels of
wheat of his
harvest for
the plow

Took 20
bushels of
wheat for
personal use

20

Took 30
bushels of
wheat for
personal use

30

all his
supplies of

Seed =

used all of his

seeds and

Seed =

Analysis of Performance
of Two Peasants

IV. Decision and

Recommendations
O Based on the results in given

possessions and earnings of the two

peasants Ivan and Frederick, it is
evidently stated especially in the analysis
of their performances that Frederick
produced more bushels of wheat than
Ivan. Although Ivan had the advantage of
having more assets than Frederick and
that only 20 bushels of wheat was taken
from him by Baron, he gained less bushels
of wheat than Frederick.

O Frederick is better and wiser farmer

than Ivan because he produced more

bushels of wheat and he was able to
manage his possessions carefully that
Baron Coburg had given to him. The
peasant that Baron Coburg must
choose is Frederick. Both peasants
did well but only one should have the
right and responsibility of the growing
the wheat next season. Frederick is the
right peasant to occupy the said
position.

WINNER!

V. Sources/Appendix
O http://www.allfreepapers.com/Business/Ba

ron-Coburg/18059.html
O http://www.scribd.com/doc/49998920/Baron
-Coburg-Solution
O Fundamentals of Accounting Volume 1
(2007 Edition) by Cabrera, Ledesma, and
Lupisan
O Basic Accounting: Made Easy (2014
Edition) by Win Ballada and Susan Ballada