Multiple Choice
Lara Technologies is considering a total cash outlay of $250,000 for the purchase of land, which it could lease out for $35,000 per year. If alternative investments are available that yield a 12% return, the opportunity cost of the purchase of the land is
A) $35,000
B) $30,000
C) $250,000
D) $4,200
Correct Answer:
Verified
Correct Answer:
Verified
Q7: Miramar Industries manufactures two products: A and
Q8: A practical approach that is frequently used
Q9: Hummingbird Company uses the product cost concept
Q14: Falcon Co. produces a single product. Its
Q64: Grace Co. can further process Product B
Q94: Delaney Company is considering replacing equipment which
Q98: When using the total cost concept of
Q99: Discontinuing a segment or product may not
Q104: Depending on the capacity of the plant,
Q171: Mighty Safe Fire Alarm is currently buying