The Business Firm of Tinker,Evers and Chance Had a Level

question 200

Short Answer

The business firm of Tinker,Evers and Chance had a level of inventory of $60 million on January 1,1908,and ended up the year with an inventory of $70 million on December 31,1908.The company's expenditures on new plant and equipment for the year was $120 million,while its depreciation on the plant and equipment was $90 million.
-How much was inventory investment for the year?

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Definitions:

Northern Naval

Referring ambiguously, possibly relating to the naval forces or operations based in the northern part of a country or pertaining specifically to the Union Navy during the American Civil War.

Battle of Shiloh

A major battle in the American Civil War, fought in 1862 in Tennessee, marked by heavy casualties on both Union and Confederate sides.

General Grant

General Grant refers to Ulysses S. Grant, a prominent United States military leader during the American Civil War and later the 18th President of the United States.

Complete Conquest

The total dominion or subjugation of a territory or people by military force.