Table 13-1 -Refer to Table 13-1

question 352

Multiple Choice

Table 13-1
$$\begin{array} { | l | l | l | l | l | l | l | l | l } \hline \text { Stack } & \text { Sym } & \text { Yld } \% & \text { P/E } & \text { Val 100s } & \text { Hi } & \text { Lo } & \text { Clase } & \text { Net Che. } \\\hline \text { GenMills } & \text { GIS } & 2.5 & 35 & 13758 & 44.3 & 43.5 & 43.97 & - 0 .63 \\\hline \text { Gillette } & \text { G } & 2.2 & 31 & 30428 & 31.1 & 29.7 & 30 & 0 .17 \\\hline \text { Graca } & \text { GGG } & 1.2 & 16 & 705 & 24.2 & 23.1 & 23.95 & - 0 .53 \\\hline \text { Hershey } & \text { HSY } & 2.1 & 38 & 5418 & 63.4 & 61.7 & 62.45 & 0 .72 \\\hline\end{array}$$
-Refer to Table 13-1. Assume that the closing price was also the average price at which each stock transaction took place. What was the total dollar volume of Gillette stock traded that day?

• A)$912,840,000
• B)$91,284,000
• C)$9,128,400
• D)$912,840

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Definitions:

Cash Receipts

The collection of money, including currency, checks, and electronic transfers, by a business during a given period.

Receipts Issued

Documents provided to customers or clients as proof of payment for goods or services received.

Bank Reconciliation

The act of reconciling the amounts in a company's bookkeeping records of a cash account with the related details found on a bank statement.

EFT Transfer

An electronic transfer of funds from one bank account to another, either within a single financial institution or across multiple institutions.