Yesterday, the DJIA Closed at 12,309

question 43

Multiple Choice

Yesterday, the DJIA closed at 12,309.16. The divisor is .123017848. Today, every one of the stocks in the index increased in value by $.40 a share. What is the value of today's closing DJIA?

• A)12,309.16
• B)12,406.71
• C)12,442.23
• D)12,564.38
• E)12,571.02

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Definitions:

Depreciation Expense

The systematic allocation of the cost of a tangible asset over its useful life, reflecting the decrease in value of the asset over time.

Useful Life

The period of time over which an asset is expected to be usable by an organization, affecting its depreciation or amortization schedules.

Depreciation Expense

The allocated portion of the cost of an asset, spread out over its useful life, representing wear and tear, obsolescence, or a decline in value.

Store Equipment

Fixed assets such as furniture and machinery used in a store for its operation and not for resale.