Paul's Record Shop Sells Old CDs for $7 Each and Cassettes

question 90

Short Answer

Paul's Record Shop sells old CDs for $7 each and cassettes for $2 each. Today they sold a total of 1,400 CDs and cassettes and took in $8,100.
A)How many CD's were sold?
B)What was the total dollar sales of cassettes?

• A)How many CD's were sold?
• B)What was the total dollar sales of cassettes?

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Definitions:

Controller

A senior executive responsible for the accounting operations of a company, overseeing financial reporting, and regulatory compliance.

Chief Accounting Manager

A senior-level executive responsible for managing the accounting operations of a company, ensuring the accuracy of financial statements and compliance with financial regulations.

Firms

Business organizations engaged in commercial, industrial, or professional activities, either for-profit or not-for-profit, characterized by a structured management and operational system.

Managing Assets

The practice of efficiently and effectively overseeing and allocating a company's tangible and intangible assets to maximize value.