Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 23, 2024

Lara Technologies is considering a total cash outlay of $195,000 for the purchase of land, which it could lease for $31,450 per year. If alternative

Lara Technologies is considering a total cash outlay of $195,000 for the purchase of land, which it could lease for $31,450 per year. If alternative investments are available that yield a 15% return, the opportunity cost of the purchase of the land is Oa. $31.450 b. 560,700 c. $29,250 d. $2,200

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cima Official Exam Practice Kit Fundamentals Of Management Accounting Cima Certificate In Business Accounting

Authors: Walter Allan

3rd Edition

1856177785, 978-1856177788

More Books

Students also viewed these Accounting questions

Question

=+3. How appropriate would it be to conduct additional research?

Answered: 1 week ago

Question

★★★★★

You are the CEO of a major U.S. apparel company that contracts work to garment manufacturers abroad. Employees of the contractors report 20-hour workdays, pay lower than the minimum wage, overcrowded...

Answered: 1 week ago

Question

★★★★★

Lara Technologies is considering a total cash outlay of $195,000 for the purchase of land, which it could lease for $31,450 per year. If alternative investments are available that yield a 15% return,...

Answered: 1 week ago

Question

★★★★★

The following data is provided for Garcon Company and Pepper Company for the year ended December 31. Garcon Company $ 13,400 16,400 Pepper Company $ 19,150 Finished goods inventory, beginning Work in...

Answered: 1 week ago

Question

★★★★★

The company has the following beginning balances in its stockholders\' equity accounts on January 1 , 2 0 2 4 : Common Stock, $ 1 0 0 , 0 0 0 ;Additional Paid - in Capital, $ 3 , 7 0 0 , 0 0 0 ; and...

Answered: 1 week ago

Question

★★★★★

business law "This is impossible! Just totally impossible! Ten months ago I was sitting on top of the world. Upper-level management considered me one of the best, if not the best, engineer in the...

Answered: 1 week ago

Question

★★★★★

BE12.4-Using Excel to Calculate Direct Materials Variances PROBLEM Sprague Company's uses a standard cost system and has provided the following information for its direct materials during Julv....

Answered: 1 week ago

Question

★★★★★

Flounder Company purchased a new machine on October 1, 2022, at a cost of $110,000. The company estimated that the machine will have a salvage value of $10,000. The machine is expected to be used for...

Answered: 1 week ago

Question

★★★★★

During a research project, interviewers are giving a quota of interviews to complete within a given time frame. One interviewer consistently exceeds the quota but her data reveals lots of out-...

Answered: 1 week ago

Question

★★★★★

Research provides evidence that organisations that invest in Diversity and Inclusion are more innovative in the long run and outperform organisations that do not. Critically evaluate the...

Answered: 1 week ago

Question

★★★★★

Would you have done anything differently? Provide a rationale for your choices.

Answered: 1 week ago

Question

★★★★★

Describe the nature of institutional changes in the Italian schooling system. How did these have an impact on the school in question?

Answered: 1 week ago

Previous Question Next Question