This year Pizza Hut spent $1.3 billion on new capital in its stores. Depreciation during the year was $300 million. Pizza Hut's gross investment was ________ and its net investment was ________.
A) $1.3 billion; $1.6 billion
B) $1.0 billion; $1.3 billion
C) $1.3 billion; $1.0 billion
D) $1.0 billion; $0.7 billion
E) $1.3 billion; $0.3 billion
Correct Answer:
Verified
Q7: Capital stock increases when
A)gross investment exceeds net
Q8: At the beginning of the year, Tom's
Q9: At the beginning of the year, Tom's
Q10: Net investment equals
A)capital minus depreciation.
B)gross investment minus
Q11: The total amount spent on new capital
Q13: The increase in the value of capital
Q14: Gross investment
A)is the total amount spent on
Q15: In January 2014, Tim's Gyms, Inc. owned
Q16: In January 2014, Tim's Gyms, Inc. owned
Q17: At the beginning of the year, Tom's
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