Hancock Inc. is considering spending $100,000 for a new grinding machine. This amount could be invested to
Question:
Hancock Inc. is considering spending $100,000 for a new grinding machine. This amount could be invested to yield a 12% return. What is the opportunity cost?
a. $112,000
b. $88,000
c. $12,000
d. $100,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
c The amount of income that could have bee...View the full answer
Answered By
Joseph Mwaura
I have been teaching college students in various subjects for 9 years now. Besides, I have been tutoring online with several tutoring companies from 2010 to date. The 9 years of experience as a tutor has enabled me to develop multiple tutoring skills and see thousands of students excel in their education and in life after school which gives me much pleasure. I have assisted students in essay writing and in doing academic research and this has helped me be well versed with the various writing styles such as APA, MLA, Chicago/ Turabian, Harvard. I am always ready to handle work at any hour and in any way as students specify. In my tutoring journey, excellence has always been my guiding standard.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Financial And Managerial Accounting
ISBN: 9781337902663
15th Edition
Authors: Carl S. Warren, Jefferson P. Jones, William B. Tayler
Question Posted:
Students also viewed these Business questions
-
How does HCA's financial strategy affect its product-market strategy? How important is finance to HCA and in what ways? (Please no plagiarism) Hospital Corporation of America (A) In January of 1982...
-
Alice leaves her house, driving east at 45 miles per hour (mph ). Thirty minutes later, her husband, Dave, notices she forgot her cellphone and sets off after her. How fast must Dave travel in order...
-
Consider an infinite potential well with potential zero between 0 < r < a and infinite elsewhere. The energy eigenfunctions are given as o,() = sin with energy eigenvalues En = nE,, where n= 1,2, 3....
-
Avid Corporation manufactures a sophisticated controller that is compatible with a variety of gaming consoles. Excluding rework costs, the cost of manufacturing one controller is $ 220. This consists...
-
What are genes? What genes cause Multiples Sclerosis?
-
The statement of cash flows (as well as the balance sheet) includes within cash the notion of cash equivalents. The FASB Accounting Standards Codification represents the single source of...
-
Suppose you are considering acquiring a house by assuming the remainder of the existing 30-year mortgage on the property. If there are 327 fixed monthly payments of $1,041.23 left to be paid, with...
-
Use the information from BE17-1, but assume the bonds are purchased as an available-for-sale security. Prepare Garfields journal entries for (a) The purchase of the investment, (b) The receipt of...
-
In the diagram below, QM is an altitude of right triangle PQR, PM-8. and RM= 18. Solve for QM. P 8 M 18 R
-
The following units of a particular item were purchased and sold during the period: What is the cost of the 35 units on hand at the end of the period as determined under the perpetual inventory...
-
The journal entry to record the requisition of materials to the factory in a job order cost system is a debit to: a. Materials. b. Accounts Payable. c. Work in Process. d. Cost of Goods Sold.
-
What is the present value of $50,000 in 10 years at 3% interest compounded monthly?
-
Melissa Jones is nurse manager of a 40-bed, long-term care unit that is essentially a small nursing home contained within Community Hospital. The unit is almost always fully occupied. A number of the...
-
When the COVID-19 pandemic began in early 2020, employees in many different fields were temporarily displaced or laid off entirely. Others in leadership positions had to learn how to motivate a...
-
Gallatin Carpet Cleaning is a small, family - owned business operating out of Bozeman, Montana. For its services, the company has always charged a flat fee per hundred square feet of carpet cleaned....
-
Explain what resonance frequency means in terms of an AFM cantilever
-
A cargo company is determining its fleet size for the next year. They estimate that the vehicle requests will be as given in Table I in the next year. Assume that cp = $300, cy= $80, and CH = $450....
-
Abbott Laboratories manufactured and sold the Life Care PCA, a pump that delivers medication into a person intravenously at specific time intervals. Beverly Lewis sued Abbott in a Mississippi state...
-
What is the role of business risk analysis in the audit planning process?
-
How does just-in-time processing differ from the conventional manufacturing process? Discuss.
-
Which of the following industries would typically use job order costing, and which would typically use process costing? Flour mill ........ Plastic manufacturing Gasoline refining ..... Print shop...
-
Which of the following industries would typically use job order costing, and which would typically use process costing? Designer clothes manufacturing ....... Web designer Business consulting...
-
Make-or-Buy Decision Matchless Computer Company has been purchasing carrying cases for its portable computers at a purchase price of $57 per unit. The company, which is currently operating below full...
-
2-1A Dada la siguiente informacin de la Compaia Belmond, Inc., prepare un Balance Sheet y un Income Statement para la fecha de December 31, 2021 Inventory... General and administrative expense......
-
Rory Company has an old machine with a book value of $83,000 and a remaining five-year useful life. Rory is considering purchasing a new machine at a price of $109,000. Rory can sell its old machine...
Study smarter with the SolutionInn App