Solve. -The Manager of a Bulk Foods Establishment Sells a Trail

question 28

Multiple Choice

Solve.
-The manager of a bulk foods establishment sells a trail mix for $6 per pound and premium cashews for $10 per pound. The manager wishes to make a 200-pound trail mix-cashew mixture that will
Sell for $7 per pound. How many pounds of each should be used?

• A) 50 pounds of trail mix
• B) 150 pounds of trail mix 150 pounds of cashews 50 pounds of cashews
• C) 125 pounds of trail mix
• D) 100 pounds of trail mix 75 pounds of cashews 100 pounds of cashews

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Definitions:

Marketable Securities

Financial instruments that are easily convertible into cash at close to their original value, often used for short-term investments.

Accounts Payable

Accounts payable is the amount of money that a company owes to its suppliers or creditors for goods and services received but not yet paid for, typically due within a short period, like 30 or 60 days.

Use of Cash

Refers to how a business or individual employs their cash resources, including spending, investing, or saving activities.

Inventory Holdings

The quantity of goods or materials in stock by a business awaiting sale or use.