Figure 16-1
-In Figure 16-1 above,the increase in gross investment lags actual sales because
A) replacement investment is not determined by actual sales.
B) expected sales lag actual sales and net investment is determined by expected sales.
C) actual sales lag expected sales and net investment is determined by expected sales.
D) expected sales lead actual sales and net investment is determined by expected sales.
Correct Answer:
Verified
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