In January 2017, Tim's Gyms, Inc

question 24

Multiple Choice

In January 2017, Tim's Gyms, Inc.owned machines valued at $1 million.During the year, the market value of the machines fell by 10 percent.During 2017, Tim spent $200,000 on new machines.During 2017, Tim's net investment was

• A)$1.1 million.
• B)$300,000.
• C)$1 million.
• D)$200,000.
• E)$100,000.

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Definitions:

Informal Organization

The unofficial and less visible part of the system.

Organization

An entity comprising multiple people, such as an institution or an association, that has a particular purpose.

Formal Organization

The official, legitimate, and most visible part of the system.

Logical Thinking

A method of reasoning in a structured and systematic manner to arrive at valid conclusions based on factual premises.