Lara Technologies is considering a total cash outlay of $195,000 for the purchase of land,...

70.2K

Verified Solution

Question

Accounting

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

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students