In January 2017, Tim's Gyms, Inc

question 5

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 30 percent.During 2017, Tim spent $200,000 on new machines.During 2017, Tim's gross investment was

• A)$1 million.
• B)$900,000.
• C)$100,000.
• D)$200,000
• E)$300,000.

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Definitions:

Respected Authorities

Individuals or organizations recognized for their expertise and trusted influence in a particular field or subject matter.

Financially Benefit

To gain monetary advantage or profit from a particular action or situation.

Biased

Showing an unfair preference or prejudice towards someone or something.

Ethical

Relating to moral principles or the branch of knowledge dealing with these, often guiding behavior in terms of right and wrong.