At the beginning of the year, Hank puts $100,000 into an investment. At the end of the
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Question:
At the beginning of the year, Hank puts $100,000 into an investment. At the end of the year, the investment is completed and he is given a check for $110,000. Meanwhile, Susan puts $100,000 in another investment, and receives $140,000. In retrospect, what was Hank's opportunity cost?
a. $30,000
b. $40,000
c. $100,000
d. $110,000
Related Book For
Cornerstones of Financial and Managerial Accounting
ISBN: 978-1111879044
2nd edition
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
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