If an Investor Had 405 Shares of Stock Last Year

question 73

Multiple Choice

If an investor had 405 shares of stock last year how much did the investor receive?

• A)$2,344.95
• B)$1,563.30
• C)$3,126.60
• D)$781.65

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Definitions:

FOB Shipping Point

A term used in shipping contracts indicating that the buyer is responsible for the goods and the shipping cost from the moment they leave the seller's premises.

Physical Inventory

The process of counting by hand the actual inventory available in a business at a specific time, typically done periodically.

Cost of Inventory

The total expense to purchase and manage inventory stocks, including purchase costs, shipping, handling, and storage.

Perpetual Inventory System

An accounting system that continuously updates inventory records and cost of goods sold after each purchase or sale.