When Fitness Team leased a commercial building from Land Co., it meant ______.
a. Fitness Team can use the property for a certain period of time
b. Fitness Team owns the property and can transfer possession
c. Land Co. becomes a part owner of Fitness Team
d. Land Co. gives up all ownership rights to the property
a. Fitness Team can use the property for a certain period of time
You might also like to view...
Which of the following is likely to have the most price inelastic demand?
a. athletic shoes b. running shoes c. Nike running shoes d. Nike Shox running shoes
The following is cost information for the Creamy Crisp Donut Company: Entrepreneur's potential earnings as a salaried worker = $50,000 Annual lease on building = $22,000 Annual revenue from operations = $380,000 Payments to workers = $120,000
Utilities (electricity, water, disposal) costs = $8,000 Value of entrepreneur's talent in the next best entrepreneurial activity = $80,000 Entrepreneur's forgone interest on personal funds used to finance the business = $6,000 Refer to the data. Creamy Crisp's total economic costs are: A. $286,000. B. $150,000. C. $94,000. D. $156,000.