In 2011,Kendall Ford,an Automobile Dealership,spent $20,000 on a New Car

question 23

Multiple Choice

In 2011,Kendall Ford,an automobile dealership,spent $20,000 on a new car lift for its repair shop,$2,000 on a new copy machine for its sales division,and $600,000 on Ford Motor company stock.Unsold cars and trucks were valued at $400,000 on January 1,2011 and unsold cars and trucks were valued at $900,000 on December 31,2011.What is Kendall Ford's total investment spending in 2011?

• A) $22,000
• B) $322,000
• C) $522,000
• D) $1,022,000

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Definitions:

Embalming

A process of preserving a deceased body to delay decomposition, typically involving the use of chemicals.

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The middle value in a list of costs, where half of the figures are higher and half are lower, providing a measure that is less affected by extreme values.

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A standardized test that professionals must pass to legally practice or work in a specific field or profession.