The List Price of a New Van Was $30,000 at a Local

question 79

Multiple Choice

The list price of a new van was $30,000 at a local car dealership. However, a customer convinced the dealer to sell the van for $25,000 (the van had cost the dealer $20,000 one year earlier) . The van would cost the dealer $24,000 today. Inflation is 5% per year. The amount of profit that would be recognized by the dealer as a result of the sale using the physical capital maintenance approach is:

• A) $1,000
• B) $2,500
• C) $5,000
• D) $6,000

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Definitions:

Basal Ganglia

A group of structures in the brain involved in coordinating movement, as well as aspects of cognition and emotion.

Voluntary Movements

Actions initiated and controlled by an individual's conscious mind, involving the mobilization of muscle groups to perform deliberate actions.

Cerebellum

A part of the brain located at the back and beneath the brainstem, responsible for coordinating voluntary movements and balance.

Frontal Lobes

Regions of the brain involved in decision making, problem-solving, control of purposeful behaviors, consciousness, and emotions.