You Purchased a Stock for $50

question 96

Multiple Choice

You purchased a stock for $50.00 a share and resold it one year later. Your total return for the year was 11.5 percent and the dividend yield was 2.8 percent. At what price did you resell the stock?

• A)$42.78
• B)$50.62
• C)$51.93
• D)$52.08
• E)$54.35

Assess the effect of beginning and ending inventories on net operating income under absorption costing.

Identify the strategies for managing net operating income differences between absorption and variable costing.

Understand the difference between absorption costing and variable costing.

Determine the unit product cost under both costing methods.