Q 1. Hamlin Corporation had $220,000 in invested assets, sales of $242,000, income from operations amounting to $48,400, and a desired minimum rate of return of 3%. The rate of return on investment for Hamlin is:

A: 3% B: 4% C: 6.4% D: 22%

Q2. A business received an offer from an exporter for 10,000 units of product at $17 per unit. The acceptance of the offer will not affect normal production or domestic sales prices. The following data are available:

Domestic unit sales price	$20
Unit manufacturing costs:
Variable	11
Fixed	1

What is the amount of gain or loss from acceptance of the offer? A: $30,000 loss B:$60,000 gain C:$20,000 loss D:$50,000 loss

Q3. The following data relate to direct materials costs for November:

Actual costs 4,700 pounds at $5.40 Standard costs 4,500 pounds at $6.00

A:$2,700 favorable B:$2,700 favorable C:$1,200 unfavorable D:$1,200 favorable

Q4. A company is contemplating investing in a new piece of manufacturing machinery. The amount to be invested is $170,000. The present value of the future cash flows is $185,000. The company