Solve the Problem Using the Elimination Method

question 29

Multiple Choice

Solve the problem using the elimination method.
-There were 38,000 people at a ball game in Los Angeles. The day's receipts were $229,000. How many people paid $11 for reserved seats and how many paid $4 for general admission?

• A) 19,250 paid $11 and 18,750 paid $4
• B) 27,000 paid $11 and 11,000 paid $4
• C) 18,750 paid $11 and 19,250 paid $4
• D) 11,000 paid $11 and 27,000 paid $4

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Definitions:

Raw Material Needs

The quantity of raw materials required to meet production schedules and maintain inventory levels.

Net Operating Income

A company's income after subtracting operating expenses but before deducting taxes and interest charges.

Variable Selling Expense

Costs that vary directly with the level of sales, such as commissions for sales personnel, shipping charges, and promotional expenses.

Manufacturing Overhead

All indirect costs associated with the production process, including but not limited to utilities, rent, and salaries of non-direct labor.