In 2018, Kendall Ford, an automobile dealership, spent $20,000 on a new car lift for its repair shop, $2,000 on a new copy machine for its sales division, and $600,000 on Ford Motor company stock. Unsold cars and trucks were valued at $400,000 on January 1, 2018 and unsold cars and trucks were valued at $900,000 on December 31, 2018. What is Kendall Ford's total investment spending in 2018? F) $1,022,000 G) $522,000 H) $22,000 J) $322,000
In 2018, Kendall Ford, an automobile dealership, spent $20,000 on a new car lift for its repair shop, $2,000 on a new copy machine for its sales division, and $600,000 on Ford Motor company stock. Unsold cars and trucks were valued at $400,000 on January 1, 2018 and unsold cars and trucks were valued at $900,000 on December 31, 2018. What is Kendall Ford's total investment spending in 2018? F) $1,022,000 G) $522,000 H) $22,000 J) $322,000
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter8: Cost Analysis
Section: Chapter Questions
Problem 3E
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Question
In 2018, Kendall Ford, an automobile dealership, spent $20,000 on a new car lift for its
repair shop, $2,000 on a new copy machine for its sales division, and $600,000 on Ford
Motor company stock. Unsold cars and trucks were valued at $400,000 on January 1, 2018
and unsold cars and trucks were valued at $900,000 on December 31, 2018. What is
Kendall Ford's total investment spending in 2018?
F) $1,022,000 G) $522,000 H) $22,000 J) $322,000
Could you please explain a little about the time January 1, 2018 and December 31 2018. Does the time zone affect any component of GPD?
Thanks in advanced.
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