Solve Problems Using Systems in Three Variables

question 201

Multiple Choice

Solve Problems Using Systems in Three Variables
-A ceramics workshop makes serving bowls, platters, and bread baskets to sell at its Winter Festival. A serving bowl takes 3 hours to prepare, 2 hours to paint, and 8 hours to fire. A platter takes 15 hours to prepare, 3 hours to paint, and 4 hours to fire. A bread basket takes 4 hours to prepare, 16 hours to paint, and 7 hours to fire. If the workshop has 92 hours for prep time, 60 hours for painting, and 94 hours for firing, how many of each can be made?

• A) 8 serving bowls, 4 platters, 2 bread baskets
• B) 4 serving bowls, 2 platters, 8 bread baskets
• C) 2 serving bowls, 8 platters, 4 bread baskets
• D) 9 serving bowls, 5 platters, 3 bread baskets

---

Definitions:

Price-Earnings Ratio

A financial ratio that measures a company's current share price relative to its per-share earnings, used to evaluate the relative value of a company's shares in the market.

Partial Income Statement

An income statement that reports revenue, expenses, and net income over a specified period of time but does not include all of the details found in a comprehensive income statement.

Earnings Per Common Share

A measure of a company's profitability that calculates the net income available to common shareholders per share of common stock outstanding.

Indirect Method

A method of reporting the cash flows from operating activities that begins with net income and adjusts for revenues and expenses that do not involve the receipt or payment of cash.