In 2009, Kendall Ford, an automobile dealership, spends $20,000 on a new car lift for its repairshop, $2,000 on a new copy machine for its sales division, and $600,000 on Ford Motor companystock. Unsold cars and trucks were valued at $400,000 on January 1, 2009 and unsold cars andtrucks were valued at $900,000 on December 31, 2009. What is Kendall Ford's total investmentspending in 2009?

A) $22,000

B) $322,000

C) $522,000

D) $1,022,000

Question

Business

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22 November, 20:54

In 2009, Kendall Ford, an automobile dealership, spends $20,000 on a new car lift for its repairshop, $2,000 on a new copy machine for its sales division, and $600,000 on Ford Motor companystock. Unsold cars and trucks were valued at $400,000 on January 1, 2009 and unsold cars andtrucks were valued at $900,000 on December 31, 2009. What is Kendall Ford's total investmentspending in 2009?

A) $22,000

B) $322,000

C) $522,000

D) $1,022,000

+1

Answers (1)

Know the Answer?

Kamari · Answer 1

D.$1022,000

Explanation:

Find below the breakdown of Kendall Ford investment spending in the year:

New car forklift $20000

Copy machine $2000

Stock Investment$600000

Stock of cars increased by $500000