Joy Purchased 200 Shares of HiLo Mutual Fund on July

question 81

Essay

Joy purchased 200 shares of HiLo Mutual Fund on July 15,2012,for $10,500,and has been reinvesting dividends.On December 15,2016,she sells 100 shares.
What is the basis for the shares sold assuming (1)FIFO and (2)average cost method?

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Definitions:

Customer Relationship Management

A strategy for managing an organization's relationships and interactions with customers and potential customers.

Customer Preferences

Refers to the desires, tastes, or inclinations that customers have regarding products or services, which can influence their buying behavior.

Internal Customers

Employees or departments within an organization that rely on others within the same organization for products, services, or information.

Continuous Improvement

An ongoing effort to improve products, services, or processes by making small, incremental improvements over time, rather than through big, radical changes.