Elita Took Six Courses Last Semester

question 86

Multiple Choice

Elita took six courses last semester. Her grades and course credits are as follows: Use the Letter Grade to Grade Point Value conversion table below to calculate her grade point average for the semester.

• A) 2.8
• B) 2.7
• C) 3.3
• D) 3.0
• E) 3.5

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Definitions:

Depreciation Expense

Strategically spreading out the cost of a concrete asset over the course of its serviceable life.

Operating Cash Flow

A measure of the cash generated by a company's normal business operations, indicating whether a company is able to generate sufficient positive cash flow to maintain and grow its operations.

Operating Leverage

A measure of how sensitive a company's operating income is to a change in its sales volumes, reflecting the proportion of fixed costs in a company's cost structure.

Financial Break-Even

The point at which total revenues equal total costs and expenses, resulting in neither profit nor loss.