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Nataly_w [17]
4 years ago
15

Two basketball teams have a game Friday night. Within the first minute, they sell 8 adult tickets and 12 student tickets for a t

otal of $124. The next minute they sell $243 worth of tickets by selling 16 adult tickets and 23 student tickets. Create a system of equations to model the scenario. Determine the cost of a student ticket and an adult ticket. Use mathematics to justify your answer.
Business
1 answer:
Sliva [168]4 years ago
3 0

Answer:

the price adult ticket is $8 and the price of children tickets is $5.

Explanation:

This question can be solved using a simultaneous equation.

Let :

x = price of adult tickets

y = price of children tickets

If 8 adult tickets and 12 student tickets are sold for a total of $124, the first equation would be

8x + 12y = $124

If 16 adult tickets and 23 student tickets are sold for a total of $243, the second equation would be

16x +23y = $243

The two equations are

8x + 12y = 124

16x +23y = 243

To solve, multiply equation 1 by 2 . This gives equation 3

16x + 24y = 248

Now substract equation 3 from 2. This gives y = 5

To find y, substitute 5 with y in equation 1

8 x + 12(5) = 124

8x + 60 = 124

Solve for x

x = 8

Therefore, the price adult ticket is $8 and the price of children tickets is $5.

I hope my answer helps you

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timama [110]

Answer:

b. It is not a business entity

Explanation:

From the answers provided it can be said that the statement that is true about a sole proprietorship is that it is not a business entity. This is because a sole proprietorship is a business that has only a single owner and is not registered as a corporation, partnership or limited liability company. Meaning that there is no separate existence from the owner and the business, causing the business to NOT be a legal entity.

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____________________ are a pool of assets that trade like stocks on an exchange. They track a group of stocks, such as all stock
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Answer:

Exchanged-traded funds

Explanation:

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LUCKY_DIMON [66]

Answer:

<u>Fit-for-Life Foods</u>

<u>Multiple-step income statement, for the year ended December 31</u>

Sales                                                                            220,000

Less Sales returns and allowances                              (4,000)

Net Revenue                                                                216,000

Less Cost of goods sold                                             (90,000)

Gross Profit                                                                  126,000

Less Operating Expenses :

<em>General and Administrative Expenses</em>

Gain on sale of equipment                ( 6,250)

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Depreciation expense—Office copier   500

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Sales discounts                                    16,000

Sales commission expense                13,000

Sales staff wages                                23,000

Rent expense—Selling space             10,000           (64,000)

Operating  Income / (Loss)                                          33,250

Less Non - Operating Expenses

Interest revenue                                                               750

Net Income / (Loss)                                                      34,000

Explanation:

A multiple-step income statement shows separately profit generated from Primary Activities of the Company (Operating Profit) and profits that included Secondary Activities of the Company (Net Profit)

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7 0
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