You Own 50 Shares of Auto Corporation That You Purchased

question 49

Multiple Choice

You own 50 shares of Auto Corporation that you purchased for $30 a share. The stock is currently selling for $50 a share and you placed a stop loss order at $45. If the stock price drops to $35 a share what is your return on this investment?

• A)-30.0%
• B)16.7%
• C)50.0%
• D)66.7%
• E)150.0%

Identify the importance of e-mail etiquette in professional communication.

Understand the function and significance of IP addresses and DNS in network communication.

Recognize practices for safe and ethical internet usage.

Understand the definitions and conditions under which a dissociation under RUPA occurs.

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Definitions:

Weighted Average Method

An inventory valuation method that calculates the cost of goods sold and ending inventory based on the average cost of all inventory items.

Overhead Costs

Indirect costs incurred in the running of a business that cannot be directly attributed to any specific product or service.

Process Costing System

A method of costing used where identical or similar items are produced in mass, costs are accumulated for a fixed period and assigned to all units produced.

FIFO Method

"First In, First Out" inventory valuation method where goods purchased or produced first are sold or used first.