Jo Bower Purchased 150 Shares of Stock for $24 a Share

question 38

Multiple Choice

Jo Bower purchased 150 shares of stock for $24 a share and sold it for $30 a share. The commissions required to buy and sell her stock totaled $120. Assuming she received no dividends during the time she owned the stock, what is her total return on this investment?

• A) $600
• B) $780
• C) $900
• D) $2,400
• E) $3,000

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Definitions:

Output of Zero

A theoretical condition or benchmark where no goods or services are being produced or output is completely halted.

Average Total Cost

The cost per unit represented by dividing the entire production cost by the quantity of units produced.

Price of Labor

The wage rate or compensation paid to employees for their work or services.

Units of Output

The quantity or number of items produced or services rendered in a given time period.