The Host of a Dinner Party Purchases Wine Based on the Weighted

question 38

Multiple Choice

The host of a dinner party purchases wine based on the weighted average of clarity (7%) , bouquet (2%) , friendliness to the palate (11%) , storageability of opened bottles (40%) , and price (40%) . Suppose that Bone ranch Wave has scores in these categories of 4, 5, 3, 8, and 9, respectively. What is its rating?

• A)6.49
• B)5.80
• C)7.51
• D)5.00

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Definitions:

Investing Activities

Transactions involving the acquisition or disposal of long-term assets and other investments, a component of a company's cash flow statement.

Operating Activities

Activities directly related to the day-to-day operations of a business, such as selling products or services, which are reflected in the company's cash flow from operating activities.

Direct Method

A cash flow statement preparation method that lists specific operating cash receipts and payments, directly showing sources and uses of cash.

Indirect Method

A cash flow statement approach that adjusts net income for changes in non-cash accounts to calculate cash from operating activities.