Solve Using the Elimination Method

question 23

Multiple Choice

Solve using the elimination method.
-x + y = 11 x - y = 7

• A) No solution
• B) (9, 2)
• C) (8, 3)
• D) (-9, 3)

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Definitions:

Marketable Securities

Financial instruments that can be easily converted into cash with minimal loss of value, often used for short-term investments.

Current Liabilities

Short-term financial obligations that are due within one year or within the normal operating cycle of the business.

Debt-To-Equity Ratio

A metric that shows the balance between the amount of a company's assets financed by owners' equity and that financed by debt.

Working Capital

Working capital represents a company's operating liquidity and is calculated as current assets minus current liabilities.