Business, 20.11.2019 02:31 heyhay5748

Crosstown builders is considering remodeling an old building it currently owns. the building was purchased ten years ago for $1.2 million. over the past ten years, the firm rented out the building and used the rent to pay off the mortgage. the building is now owned free and clear and has a current market value of $1.9 million. the company is considering remodeling the building into industrial-type apartments at an estimated cost of $1.6 million. the estimated present value of the future income from these apartments is $4.1 million. which one of the following defines the opportunity cost of the remodeling project?
1. cost of the remodeling.
2. current market value of the building plus the remodeling costs.
3. current market value of the building.
4. present value of the future income.
5. initial cost of the building plus the remodeling costs.

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 09:50

Beck company had the following accounts and balances at the end of the year. what is net income or net loss for the year? cash $ 74 comma 000 accounts payable $12,000 common stock $21,000 dividends $12,000 operating expenses $ 13 comma 000 accounts receivable $ 49 comma 000 inventory $ 47 comma 000 longminusterm notes payable $33,000 revenues $ 91 comma 000 salaries payable $ 30 comma 000

Answers: 1

Answer

Business, 22.06.2019 11:40

During 2016, nike inc., reported net income of $3,760 million. the company declared dividends of $1,022 million. the closing entry for dividends would include which of the following? select one: a. credit cash for $1,022 million b. credit dividends for $1,022 million c. debit net income for $1,022 million d. credit retained earnings for $1,022 million e. debit dividends for $1,022 million

Answers: 1

Answer

Business, 22.06.2019 12:20

If jobs have been undercosted due to underallocation of manufacturing overhead, then cost of goods sold (cogs) is too low and which of the following corrections must be made? a. decrease cogs for double the amount of the underallocation b. increase cogs for double the amount of the underallocation c. decrease cogs for the amount of the underallocation d. increase cogs for the amount of the underallocation

Answers: 3

Answer

Business, 22.06.2019 17:00

Serious question, which is preferred in a business? pp or poopoo?

Answers: 1

Answer

You know the right answer?

Crosstown builders is considering remodeling an old building it currently owns. the building was pur...

Questions