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?
A) $22,000
B) $322,000
C) $522,000
D) $1,022,000
Answer: C
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When an economy experiences a recession there is
A) a rightward shift of the short-run Phillips curve. B) a leftward shift of the short-run Phillips curve. C) no change in the short-run Phillips curve. D) a downward movement along the short-run Phillips curve. E) an upward movement along the short-run Phillips curve.
Periodic payments of net earnings to shareholders are known as
A) capital gains. B) dividends. C) profits. D) interest.
Between 1999 and 2015, globally the number of children who were not attending school:
A. dropped to less than 16 percent. B. reduced by half. C. doubled. D. dropped to less than 6 percent.
If a financial asset is liquid, it is:
A. a highly desirable asset. B. an online asset and has no physical piece of paper associated with it. C. an asset that can easily be converted into cash. D. considered to be a safe asset with no chance of being deleveraged.