On a Finance Exam,15 Accounting Majors Had an Average Grade

question 28

Multiple Choice

On a finance exam,15 accounting majors had an average grade of 90. On the same exam,7 marketing majors averaged 85,and 10 finance majors averaged 93. What is the weighted mean for all 32 students taking the exam?

• A)89.84
• B)89.33
• C)89.48
• D)10.67

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Definitions:

Preferential Payment

A payment made by a debtor that favors one creditor over others, often scrutinized in bankruptcy proceedings.

Consumer Debt

Debt that is incurred by an individual primarily for personal, family, or household purposes.

Bankruptcy Proceedings

The legal process through which individuals or entities unable to pay their debts can seek relief from some or all of their financial obligations.

Insolvent

The condition of being unable to pay debts as they fall due, or having liabilities that exceed assets.