3.

4.

The expected average rate of return for a proposed investment of $6,000,000 in a fixed asset, using straight-line depreciation, with a useful life of 20 years, no residual value, and an expected total net income of $10,000,000 over the 20 years is a. 17% b. 45% c. 22% d. 10% Cost of goods manufactured durng the year is $240,000, and work in process inventory on December 31 is $50,000. Beginning work in process inventory was $125,000. Total manufacturng costs incuured are a. $190,000 b. $315,000 c. $165,000 d. $290,000