Nicholas Purchased 150 Shares of ABC Mutual Fund at $10

question 36

Multiple Choice

Nicholas purchased 150 shares of ABC Mutual Fund at $10.50 and sold them one year later at a price of $14.50.His total earnings were

• A) $400
• B) $600
• C) $2,025
• D) $2,625
• E) $4,650

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Definitions:

South Region

Typically refers to the southern part of a country or area, often characterized by distinct cultural, economic, or climatic conditions.

Variable Costing

An accounting approach where only variable production costs are included in product costs, with fixed overhead expenses treated as period costs.

Operating Income

Income generated from normal business operations, excluding costs and expenses.

Manufacturing Margin

The difference between the cost of production and the selling price of manufactured goods.