Solve the Problem Using Matrices $\$ 1.66$ Per Pound with Candy Worth

question 383

Multiple Choice

Solve the problem using matrices.
-Ellen wishes to mix candy worth $\$ 1.66$ per pound with candy worth $\$ 7.29$ per pound to form 27 pounds of a mixture worth $\$ 5.41$ per pound. How many pounds of the more expensive candy should she use?

• A) \(9 \mathrm { lb }\)
• B) \(18 \mathrm { lb }\)
• C) \(23 \mathrm { lb }\)
• D) \(11 \mathrm { lb }\)

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Definitions:

Operating Activities

Business actions directly related to the production, sales, and delivery of a company’s products or services, reflecting its core operations.

Indirect Method

typically pertains to the calculation of cash flows in a financial statement, where net income is adjusted for changes in balance sheet accounts to reflect cash transactions.

Accrued Liabilities

Liabilities that have been incurred but not yet paid or recorded in the financial statements.

Indirect Method

A reporting technique used in cash flow statements that adjusts net income for changes in balance sheet accounts to calculate operating cash flow.