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8090 [49]
3 years ago
6

Tickets for the historical review of ballroom dancing at the Portsmouth Music Hall cost $42 for the main-floor seats and $25 for

the balcony seats. Let m represent the number of tickets sold for the main-floor seats and let b represent the number of tickets sold for the balcony seats. What is the algebraic expression for each of the following amounts?
(a) The cost in dollars of all the main-floor seats that were sold
(b) The total number of seats that were sold for the performance
Business
1 answer:
const2013 [10]3 years ago
7 0

Answer:

(a) The cost in dollars of all the main-floor seats that were sold: 42m + 25b. (b) The total number of seats that were sold for the performance: m+b.

Explanation:

Its understood that 1 tickect is equal to 1 seat, therefore the number of seats = number of tickets regardless of the type of seat. With this assumption, the algebraic expressions can be done.

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Jan 1          Cash                                           350,000

                 Notes Payable                                                350,000

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b. Calculation of Interest Expenses

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Beginning balance of loan payment         350,000

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Principal amount is calculated as the difference between the annual payment and the interest expenses as seen below

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Annual payment                                      96,590

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