In January 2011,Tim's Gyms,Inc

question 48

Multiple Choice

In January 2011,Tim's Gyms,Inc.owned machines valued at $1 million.During the year,the market value of the machines fell by 30 percent.During 2011,Tim spent $200,000 on new machines.During 2011,Tim's gross investment was

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

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Definitions:

Human Immunodeficiency Virus

A virus that attacks the immune system and can lead to acquired immunodeficiency syndrome (AIDS), a condition in which progressive failure of the immune system allows life-threatening opportunistic infections and cancers to thrive.

Malignant Tumours

Cancerous growths that have the ability to invade nearby tissues and spread to other parts of the body.

Blood

A vital liquid in humans and animals that delivers necessary substances such as nutrients and oxygen to the cells and transports metabolic waste products away.

Volatility

A statistical measure of the dispersion of returns for a given security or market index, often used to quantify the risk of the security or market.