Reference no: EM132507853
Question 1: Lamar Company invest an equipment in a project with an 8 years life and required a $240,000. at the end of the 8thyears project will be determined and the group will have 0 salvage value
Sales $300,000
Variable expense $180,000
Contribution Margin $120,000
Marketing Expense $70,000
Depreciation $30,000
Net operating income $20,000
Lamar's disc rate 12 %. If the discount rate the present value of an annuity of $1 at 12% for 8 years is 4.968 what is the present value of the salvage value ?
A $99,360
B 10
C $248,400
D $596,160
E the answer can't be compute
Question 2: Hilton Corporation had sales revenue of $1,105 for the month. Marketing expenses for the month were $60 and administrative expenses were $50
Inventory classification 1stday of the month end of month
Direct material $60 $70
Work in process 120 115
Finished goods 150 165
During the month, Hilton purchased $250 of raw materials and spent $400 of direct labor. Other manufacturing costs such supervisory salaries and utilities were $90 and plant equipment depreciation was $100. Indirect materials used for the month are?