FedEx Corp

question 71

Multiple Choice

FedEx Corp. stock ended the previous year at $113.39 per share. It paid a $0.40 per share dividend last year. It ended last year at $126.69. If you owned 300 shares of FedEx, what was your dollar return and percent return?

• A) $3,990, 11.73 percent
• B) $4,110, 12.08 percent
• C) $4,250, 12.29 percent
• D) $2,009, 9.13 percent

Calculate sales revenue, cost of goods sold, and gross profit using weighted average inventory valuation under a perpetual inventory system.

Calculate the ending inventory using FIFO under a perpetual inventory system.

Understand the treatment of goods in transit and consignment goods in inventory records.

Recognize the impact of overstated beginning inventory on cost of goods sold and net income.

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Definitions:

Perfume

A mixture of fragrant essential oils or aroma compounds, fixatives, and solvents, used to provide a pleasant scent to the human body, objects, or living spaces.

Endergonic Reactions

Chemical reactions that require an input of energy to proceed, as the products have a higher free energy than the reactants, often associated with anabolic processes in living organisms.

Free Energy

A thermodynamic quantity equivalent to the capacity of a system to do work; used to predict the direction of chemical reactions.

Reactants

Substances initially present in a chemical reaction that are consumed during the reaction to make products.