A Student Earned Grades of 84, 78, 84, and 72

question 46

Multiple Choice

A student earned grades of 84, 78, 84, and 72 on her four regular tests. She earned a grade of 78 on the final exam and 86 on her class projects. Her combined homework grade was 87. The four regular tests count for 40% of the course grade, the final exam counts for 30%, the project
Counts for 10%, and homework counts for 20%. What is her weighted mean grade? Round to
One decimal place.

• A) 81.3
• B) 80.2
• C) 81.2
• D) 82.1

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Definitions:

No-Par Stock

Shares issued without a specified face value, allowing companies flexibility in setting share prices and accounting for equity.

Stated Value

A value assigned to a company's shares that does not have a par value; often used in accounting for preferred stock.

Common Stock Account

An equity account that represents the ownership interest of the shareholders in a company.

Common Stock Dividend Distributable

The amount of dividends declared by a company but not yet paid to common stockholders.