Determine Whether the System Is Inconsistent, Dependent, or Neither $$\begin{array} { l } x + y + z = - 5 \\x - y + 3 z = - 15 \\5 x + 5 y + 5 z = - 13\end{array}$$

question 53

Multiple Choice

Determine whether the system is inconsistent, dependent, or neither.
- $$\begin{array} { l } x + y + z = - 5 \\x - y + 3 z = - 15 \\5 x + 5 y + 5 z = - 13\end{array}$$

• A)dependent
• B)inconsistent
• C)neither

Comprehend and apply Just-In-Time (JIT) inventory management principles in budgeting.

Grasp the procedure for developing various components of the master budget, including sales, production, and purchase budgets.

Understand the principles of activity-based budgeting and its application.

Recognize the importance of budgeting in corporate planning and control and identify various types of budgets.

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Definitions:

Contra-Asset

An account on a company's balance sheet that reduces the value of an asset, often used for accumulated depreciation.

Current Asset

Any asset that is expected to be converted into cash within one year or within the normal operating cycle of a business.

Expense

Costs incurred in the process of earning revenue, representing outflows of assets or incurrence of liabilities.

Administrative Expenses

Operating expenses such as general office expenses that are incurred indirectly in the selling of goods.