Use the Following to Answer Question

question 54

Multiple Choice

Use the following to answer question:
-(Table: Denise's Consumption of Coffee and Gasoline) Use Table: Denise's Consumption of Coffee and Gasoline.Given the information provided,the price of each cup of coffee is _____ and the price of each gallon of gasoline is _____.

• A)$2;$2
• B)$3;$6
• C)$1;$2
• D)$3;$3

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Definitions:

Direct Method

In cash flow statement preparation, the Direct Method lists all major operating cash receipts and payments, showing the net cash provided by or used in operating activities.

Financial Flexibility

The ability of a company or individual to adjust its spending and capital allocation in response to changing circumstances and opportunities, ensuring financial stability and the potential for growth.

Liquidity

The capacity of an asset to be rapidly transformed into cash without notably influencing its market value.

Operating Capability

An indicator of a company's ability to maintain or improve its level of operations and profitability over time.