Use the Information Below to Answer the Following Questions

question 82

Multiple Choice

Use the information below to answer the following questions.
Fact 20.1.1
At the beginning of 2014, 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 2014, 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 capital at the end of 2014 is

• A)$7,000.
• B)$9,600.
• C)$4,400.
• D)$7,600.
• E)$4,000.

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Definitions:

Nonsufficient Funds Check

A check that cannot be processed due to insufficient funds in the account it is drawn against.

Patients under 30 Days

Refers to neonates or newborns who are within their first month of life, a period which requires specialized medical care due to their developing systems and unique health needs.

Credit Balance

The amount of money in a financial account that is available for the account holder to use.

Nonsufficient Funds Check

A written check that a bank returns without processing because the account holder does not have enough funds to cover the amount.