A College Dining Hall Has Available Two Fruit Juices for Breakfast

question 12

Multiple Choice

A college dining hall has available two fruit juices for breakfast: orange and grapefruit.One hundred students drink juice on a daily basis.It is found that a student will not drink grapefruit juice on two successive days,and if a student drinks orange juice one day,then the following day the student is equally likely to drink orange juice as to drink grapefruit juice.If 40 of the regular juice drinkers drink orange juice on Monday,how many can be expected to drink orange juice on Wednesday?

• A) 10
• B) 30
• C) 50
• D) 60
• E) 90

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Definitions:

Direct Method

A cash flow statement preparation approach showing actual cash inflows and outflows from operating activities without adjustments for non-cash transactions.

Operating Activities

Activities that are directly related to the primary operations of the company, including cash inflows and outflows from selling products and services.

Indirect Method

A financial reporting approach to prepare the cash flow statement where non-cash activities are adjusted to the net income to calculate cash flow from operating activities.

Statement of Cash Flows

A financial statement that details the inflows and outflows of cash within a company during a specific period.