-Yesterday, the DJIA Closed at 11,608

question 30

Multiple Choice

-Yesterday, the DJIA closed at 11,608.20. The divisor is 0.13600214. Today, 29 of the stock in the index were unchanged. One stock rose from $76.20 a share yesterday to $77.40 a share today. What is the DJIA index value at the close of trading today?

• A) 11,618.43
• B) 11,628.10
• C) 11,609.26
• D) 11,617.02
• E) 11,612.00

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Definitions:

Average Collection Period

The average collection period is the average number of days it takes for a business to receive payments owed by its customers for sales made on credit.

Accounts Receivable

Funds that are owed to a company by its customers for products or services provided on credit.

Note Receivable

A written promise that one party will receive a certain amount of money from another party at a future date, categorized as an asset.

Honoured

In financial terms, referred to a cheque or payment that has been accepted and processed by the bank.