You Bought 100 Shares of Stock at $20 Each

question 61

Multiple Choice

You bought 100 shares of stock at $20 each. At the end of the year,you received a total of $400 in dividends,and your stock was worth $2,500 total. What was your total return?

• A) 20%
• B) 45%
• C) 50%
• D) 90%
• E) None of these.

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Definitions:

Equivalent Unit

A measure used in cost accounting to express the amount of work done on a product in terms of fully completed units.

Weighted-Average Method

A process costing method that calculates unit costs by combining costs and outputs from the current and prior periods.

Percentage Completion

A measure used in accounting and project management to indicate the progress of projects or production, based on the completion percentage of the total work.

Process Costing System

A method used to assign production costs to units of product when nearly identical products are mass produced.