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Question 1 - A company could sell a building for $250,000 or lease it for $2,500 per month. What would need to be considered in determining if the lease option would be preferred?

Question 2 - Many fast-food restaurant chains, such as McDonald's, will occasionally discontinue restaurants in their system. What are some of the financial and non-financial considerations in deciding to eliminate a store?

Question 3 - A chemical company has a commodity-grade and premium-grade product. Why might the company elect to process the commodity-grade product further to the premium-grade product?

Please answer all three questions.

Accounting Basics, Accounting

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