OK, let's crack this. We're given 506 and our task is to multiply it by 4. Essentially, we'll be adding 506 to itself 4 times.
Step 1: 0 + 506 = 506
Step 2: 506 + 506 = 1012
Step 3: 1012 + 506 = 1518
Step 4: 1518 + 506 = 2024

So, 506*4 = 2024