Solve the System by Substitution

question 89

Essay

Solve the system by substitution. Substitute the expression in the second equation into the first equation and solve. If the system is dependent or inconsistent , or if there is no solution , indicate this.

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Definitions:

Residual Income

The amount of income that an individual or company has after all personal debts and expenses, including the cost of capital, have been paid.

Required Rate Of Return

The minimum annual percentage earned by an investment that will induce individuals or companies to put money into a particular security or project.

Net Operating Income

A measure of a company's profitability from its regular business operations, excluding expenses and revenues from financing and investing activities.

Residual Income

The income that remains after deducting all required costs of capital and operating expenses, representing the excess earnings generated.