Solve the Problem Using the Elimination Method

question 31

Multiple Choice

Solve the problem using the elimination method.
-In a basketball game, Will scored 36 points, consisting only of three-point shots and two-point shots. He made a total of 15 shots. How many shots of each type did he make?

• A)two-point shots: 8; three-point shots: 7
• B)two-point shots: 6; three-point shots: 9
• C)two-point shots: 10; three-point shots: 5
• D)two-point shots: 9; three-point shots: 6

---

Definitions:

Percent of Sales Method

A financial forecasting approach that estimates future financial statements' items as a percentage of projected sales.

Allowance Method

An accounting technique that estimates and accounts for bad debts as an expense before they are actually confirmed as uncollectible.

Maturity Date

Maturity Date is the specified date on which the principal amount of a loan, bond, or other financial instrument is due to be repaid.

Note Receivable

A note receivable is an amount of money owed to a business or individual that is evidenced by a written promissory note specifying the terms of payment.