Solve the System $$\left\{ \begin{array} { c } x + 5 y = 4 \\3 x + 15 y = 12\end{array} \right.$$

question 57

Multiple Choice

Solve the system.
- $$\left\{ \begin{array} { c } x + 5 y = 4 \\3 x + 15 y = 12\end{array} \right.$$

• A) \(( 0,0 )\)
• B) \(( - 3,0 )\)
• C) inconsistent (no solution)
• D) \(y = - \frac { x } { 5 } + \frac { 4 } { 5 }\), where \(x\) is any real number

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Definitions:

Net Method

An accounting practice where purchases are recorded at their net cost, taking into account any discounts offered for early payment.

Cash Discounts

A reduction in the amount owed by a customer if payment is made within a specified period.

Periodic Inventory System

An inventory accounting system where updates are made on a periodic basis rather than after each transaction.

Net Method

An accounting method for recording purchases where the purchase price includes a cash discount for early payment, emphasizing the net price as the expected payment amount.