Are you experienced?
Do you enjoy this?
How many languages are you fluent in?
Are you talkative?
Do you have any hobbies?
Are you an extrovert?
Casual or formal?
Are you professional
Have you ever got in trouble with the police?
Do you like food?.....
<span>Consumers were looking for a lemonade which gives them fresh feeling by the appearance. A blue or Mint colored drink would have appealed more. Red seems too bright a color for a lemonade and customers avoided to try it due to psychological reasons.</span>
Answer:
b. $400,000
Explanation:
According to the historical cost principle, the land or fixed assets should be reported in the financial statement with the purchase price or historical price.
In the given situation, the land receiving value is $400,000 and its fair market value or FMV is $500,000 and exchange value is $300,000
So, here the land should be recorded at $400,000. Hence, we ignored the fair market value and the exchanged value
Answer:
the opportunity cost of the land purchase is $34,050
Explanation:
The computation of the opportunity cost of the land purchase is shown below;
= Cash outlay × return percentage
= $227,000 × 15%
= $34,050
Hence the opportunity cost of the land purchase is $34,050
We simply multiplied the cash outlay with the return percentage so the same would be calculated