Use the information below to answer the following questions.
Fact 4.1.1
At the beginning of 2017, Peter's Perfectly Prickly Piercing Parlour had $5,000 worth of bellybutton and eyebrow rings on han computers each worth $1,000), 1 cash register worth $100, electrical equipment worth $500, and one piercing needle worth $5 the end of 2017, they had $5,000 worth of bellybutton and eyebrow rings, a new high speed computer worth $3,000 they had out the old ones), the same cash register, which was now worthless, electrical equipment worth $600, and they had upgraded the needle at a cost of $700 which was valued at $1,000.
-Refer to Fact 4.1.1.Peter's gross investment in 2017 is

Question

Quizplus · Accepted Answer

Peter's gross investment is the total amount spent on acquiring or upgrading assets. 
At the beginning of the year, his assets were worth:
$5,000 bellybutton and eyebrow rings
$2,100 computers ($1,000 each)-since they had 2 computers
$100 cash register
$500 electrical equipment
$5 piercing needle
Total: $7,705

At the end of the year, his assets were worth:
$5,000 bellybutton and eyebrow rings
$3,000 new high-speed computer
$0 cash register (it is now worthless)
$600 electrical equipment
$1,000 piercing needle (upgraded at a cost of $700)
Total: $9,600

Therefore, his gross investment during the year was $9,600 - $7,705 = $1,895, which is closest to option D ($3,800). However, this is the gross investment, which means it includes the increase in the value of his assets, as well as the cost of acquiring new assets. So, the answer is not an exact match with any of the options given.

Use the Information Below to Answer the Following Questions