MC Qu. 78 A lumber mill paid... A lumber mill paid $126,000 for logs that produced 107,550 board feet of lumber in 3 different grades and amounts as follows: GradeProduction Market Price Structural15,300 board feet $3,200/1,000 bd. ft. No. 1 Common40,500 board feet $1,700/1,000 bd. ft. No. 2 Common51,750 board feet $680/1,000 bd. ft. Compute the portion of the $126,000 joint cost to be allocated to No. 2 Common if the value basis is used.

Oakmont company has an opportunity to manufacture and sell a new product for a four-year period. the company’s discount rate is 18%. after careful study, oakmont estimated the following costs and revenues for the new product: cost of equipment needed $ 230,000 working capital needed $ 84,000 overhaul of the equipment in year two $ 9,000 salvage value of the equipment in four years $ 12,000 annual revenues and costs: sales revenues $ 400,000 variable expenses $ 195,000 fixed out-of-pocket operating costs $ 85,000 when the project concludes in four years the working capital will be released for investment elsewhere within the company. click here to view exhibit 12b-1 and exhibit 12b-2, to determine the appropriate discount factor(s) using tables.

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Sally is buying a home and the closing date is set for april 20th. the annual property taxes are $1,234.00 and have not been paid yet. using actual days, how much will the buyer be credited and the seller be debited