Solve the System by Substitution, If Possible

question 125

Multiple Choice

Solve the system by substitution, if possible.

• A)(11, -2)
• B)(8, 4)
• C)(-3, 12)
• D)(-4, -7)
• E)no solution; inconsistent system

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Definitions:

Ending Inventory

The value of goods available for sale at the end of an accounting period, calculated before any adjustments for cost of sales.

Perpetual Inventory System

A bookkeeping approach that instantly logs the sale or acquisition of stock using computerized point-of-sale systems and enterprise asset management programs.

FIFO

FIFO, or First-In, First-Out, is an inventory valuation method where goods produced or acquired first are sold, used, or disposed of first.

Ending Inventory

The full value of articles ready to be sold at the conclusion of an accounting duration.