Solve Problems Using Systems of Linear Equations
-Steve Invests in a Circus

question 13

Multiple Choice

Solve Problems Using Systems of Linear Equations
-Steve invests in a circus production. The cost includes an overhead of $\$ 117,000$ , plus production costs of $\$ 7000$ per performance. A sold-out performance brings in $\$ 16,000$ . Determine the dollar amount coming in and going out at the break-even point.

• A) \(\$ 208,000\)
• B) \(\$ 91,000\)
• C) \(\$ 13\)
• D) \(\$ 81,391\)

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Definitions:

Undue Influence

The improper use of power or trust in a way that deprives a person of free will and substitutes another's objective.

Workpapers

Documentation that records the procedures, tests, and results of an audit, serving as support for the auditor's conclusion.

Appeal

The process of asking a higher court to review and change the decision of a lower court.

Tort of Deceit

A legal claim arising when one party intentionally misrepresents a fact, causing another party to suffer damage as a result of relying on that misrepresentation.