Use the information below to answer the following questions.
Fact 20.1.1
At the beginning of 2014, Peter's Perfectly Prickly Piercing Parlour had $5,000 worth of bellybutton and eyebrow rings on hand, 2 computers (each worth $1,000) , 1 cash register worth $100, electrical equipment worth $500, and one piercing needle worth $500. At the end of 2014, they had $5,000 worth of bellybutton and eyebrow rings, a new high speed computer worth $3,000 (they had to throw 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 20.1.1. Peter's gross investment in 2014 is
A) $2,800.
B) $3,800.
C) $1,800.
D) $7,800.
E) $5,800.
Correct Answer:
Verified
Q27: Intermediate goods are
A)sold to their ultimate user.
B)produced
Q28: Use the figure below to answer the
Q29: Which one of the following would not
Q30: Which of the following increases Canadian GDP?
A)I
Q31: Capital in year 2015 equals capital in
Q33: Use the figure below to answer the
Q34: In calculating GDP, all of the following
Q35: Use the information below to answer the
Q36: Stock and bond sales are not included
Q37: From the following list, choose the item
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents