Use the Information Below to Answer the Following Questions

question 80

Multiple Choice

Use the information below to answer the following questions.
Fact 20.1.1
At the beginning of 2012, Peter's Perfectly Prickly Piercing Parlour had $5,000 worth of bellybutton and eyebrow rings on hand, 2 computers (each worth $1,000) , 1 cash register worth $100, electrical equipment worth $500, and one piercing needle worth $500.At the end of 2012, they had $5,000 worth of bellybutton and eyebrow rings, a new high speed computer worth $3,000 (they had to throw out the old ones) , the same cash register, which was now worthless, electrical equipment worth $600, and they had upgraded the needle at a cost of $700 which was valued at $1,000.
-Refer to Fact 20.1.1.Peter's gross investment in 2012 is

• A)$2,800.
• B)$3,800.
• C)$1,800.
• D)$7,800.
• E)$5,800.

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Definitions:

Water

A transparent, tasteless, odorless, and nearly colorless chemical substance, which is the main constituent of Earth's hydrosphere and the fluids of all known living organisms.

Salt

A general term for ionic compounds that result from the neutralization reaction of an acid and a base, commonly used as sodium chloride in cooking.

Sodium Chloride

A compound commonly known as table salt, consisting of sodium and chloride ions.

Na

Na is the chemical symbol for Sodium, a highly reactive, silver-colored metal belonging to the alkali metal series, with atomic number 11.