Dave's Mirror Company Expects to Sell $1,000,000 Worth of Mirrors

question 155

Multiple Choice

Dave's Mirror Company expects to sell $1,000,000 worth of mirrors and to produce $1,250,000 worth of mirrors in the coming year.The company purchases $300,000 of new equipment during the year.Sales for the year turn out to be $900,000.Actual investment by Dave's Mirror Company equals ________ and planned investment equals _______.

• A) $250,000;$150,000
• B) $300,000;$200,000
• C) $550,000;$450,000
• D) $650,000;$550,000
• E) $900,000;$800,000

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