In finance and economics, liquidation is an event that usually occurs when a company is insolvent, meaning it cannot pay its obligations as and when they come due. The company's operations are brought to an end, and its assets are divvied up among creditors and shareholders, according to the priority of their claims.
Answer:
Ms. England should buy 8 pizzas and 32 drinks.
Explanation:
Let p = the number of pizzas and d = the number of drinks. Each pizza costs $12 so the cost of all of the pizzas is ($12)*p. Each drink costs $0.50, so the cost of all of the drinks is ($0.50)*d. The total cost, then, is:
Total Cost = Cost of Pizzas + Cost of Drinks
$112 = ($12)p + (($0.50)*d
Now you buy 4 times as many drink as pizzas, so:
Number of Drinks = 4 * (Number of Pizzas)
d = 4*p
Now lets' substitute 4p in place of d in the total cost equation and solve for p:
$112 = ($12)p + ($0.50)*d
$112 = ($12)p + ($0.50)*(4p) [Substituted 4p in place of d]
112 = 12p + 2p
112 = 14p
Solve for p, the number of pizzas. Once you have p, the number of drinks is d = 4*p.
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