Use the Table for the Question(s)below

question 41

Multiple Choice

Use the table for the question(s) below.
Consider the following stock price and shares outstanding data:
-Assume that you have $100,000 to invest and you are interested in creating a value-weighted portfolio of these four stocks.The number of shares of Wal-Mart that you would hold in your portfolio is closest to:

• A)710
• B)1390
• C)1000
• D)870

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Definitions:

Budgeted Balance Sheet

A financial statement that projects a company’s financial position for a future period, based on anticipated assets, liabilities, and equity.

Production Budget

A production budget estimates the number of units that must be produced during a specific period to meet sales demands and inventory requirements.

Required Production Units

A calculation to determine how many units of a product need to be produced within a certain timeframe to meet customer demand and inventory levels.

Finished Goods Units

Products that have completed the manufacturing process and are ready to be sold to customers.