Set Up the System of Equations and Then Solve It

question 6

Multiple Choice

Set up the system of equations and then solve it by using inverse matrices. Transportation Ace Trucking Company has an order for three products, A, B, and C to be delivered. The table gives the volume in cubic feet, the weight in pounds, and the value for insurance in dollars for a unit of each of the products. If the carrier can carry 8,000 cu ft and 12,400 lb and is insured for $55,800, how many units of each product can be carried?
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Definitions:

Cash

Liquid currency and resources such as bank deposits that a business has immediate access to for transactions and operations.

Prepaid Insurance

Prepaid insurance is the portion of insurance premiums that has been paid in advance for coverage over future periods, and is classified as a current asset on the balance sheet.

Unearned Revenue

Money received by a business for services or products yet to be delivered or provided; considered a liability until the service or product is delivered.

Utilities Expense

The cost incurred by a business for the consumption of utilities services like electricity, gas, water, and sewage.