Juan Scored 5 Points Higher on His Midterm and 37

question 43

Multiple Choice

Juan scored 5 points higher on his midterm and 37 points higher on his final than he did on his first exam.If his mean (average) score was 81, what was his score on the first exam?

• A) 65
• B) 74
• C) 69
• D) 67
• E) 66

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Definitions:

Net Income

The net income of a company, calculated by deducting all costs and taxes from its total revenues.

Accounting Break-Even

The sales level that results in zero project net income.

Forecasting Risk

The possibility that errors in projected cash flows lead to incorrect decisions.

Projected Sales

An estimate of the amount of revenue that a company expects to generate in a future period.