Franklin Manufacturing Provided the Following Information for the Month Ended

question 162

Multiple Choice

Franklin Manufacturing provided the following information for the month ended March 31: $$\begin{array} { | l | r | } \hline \text { Sales Revenue } & \$ 15,000 \\\hline \text { Beginning Finished Goods Inventory } & 11,000 \\\hline \text { Ending Finished Goods Inventory } & 9500 \\\hline \text { Cost of Goods Manufactured } & 19,600 \\\hline\end{array}$$ Compute cost of goods sold.

• A) $19,600
• B) $18,100
• C) $21,100
• D) $29,100

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Definitions:

Risk Premium

The risk premium is the additional return an investor requires for choosing a risky investment over a risk-free asset, compensating for the extra risk undertaken.

Arithmetic Average Return

The simple average of a series of returns generated over a period of time.

Variance

A statistical measurement of the dispersion of returns for a given security or market index, indicating volatility.

Time Horizon

The length of time over which an investment is expected to be held or a financial goal is to be achieved.