Use the Table for the Question(s)below

question 53

Multiple Choice

Use the table for the question(s) below.
Consider the following price and dividend data for Cockatoo Limited:

-Assume that you purchased Cockatoo shares at the closing price on 31 December 2015 and sold it after the dividend had been paid at the closing price on 26 January 2016. Your capital gains rate (yield) for this period is closest to:

• A)0.75%
• B)-8.15%
• C)0.70%
• D)-8.80%

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Definitions:

Standard Cost

A set cost for producing either one unit or multiple units of a product within a defined timeframe, based on existing or expected operational circumstances.

Direct Materials

The raw materials that can be directly traced to the production of a specific product.

Direct Labor

The wages and other costs for labor that is directly involved in the production of goods or services.

Fixed Overhead

Regular, unchanging costs that a business incurs, regardless of the level of production or sales activity, such as rent and salaries.