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

question 150

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 $1,000,000.Actual investment by Dave's Mirror Company equals ________ and planned investment equals _______.

• A) $250,000;$250,000
• B) $300,000;$300,000
• C) $550,000;$550,000
• D) $300,000;$550,000
• E) $550,000;$300,000

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