Write the Word or Phrase That Best Completes Each Statement $x$

question 21

Essay

Write the word or phrase that best completes each statement or answers the question.
-A coffee store has available 75 pounds of A grade coffee and 120 pounds of B grade coffee. These will be blended into 1 pound packages as follows: an economy blend that contains 4 ounces of A grade coffee and 12 ounces of B grade coffee and a superior blend that contains 8 ounces of A grade coffee and 8 ounces of B grade coffee. Using $x$ to denote the number of packages of the economy blend and $y$ to denote the number of packages of the superior blend, write a system of linear inequalities that describes the possible number of packages of each blend. Graph the system of inequalities.

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Definitions:

Revenue Recognition Principle

A rule in accounting that outlines the exact circumstances in which income is considered as earned and documented.

Adjusted Trial Balance

A statement that lists all accounts and their balances after adjusting entries are made, ensuring the total debits equal total credits.

Debit

An accounting entry that increases asset or expense accounts, and decreases liability, equity, or revenue accounts.

Credit

A financial arrangement where goods, services, or money is borrowed by one party from another, with the promise of repayment usually with interest.