Miguel Is Selling Tickets to a Barbeque

question 279

Multiple Choice

Miguel is selling tickets to a barbeque. The tickets are $5.50 for adults and $4.50 for children. He sells twice as many adult tickets as children's tickets and brings in a total of $93.00. How many of each kind of ticket did he sell?

• A) 24 adult tickets 12 children tickets
• B) 12 adult tickets 6 children tickets
• C) 8 adult tickets 4 children tickets
• D) 16 adult tickets 8 children tickets
• E) 26 adult tickets 13 children tickets

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Definitions:

Debt Securities

Financial instruments representing a loan made by the investor to the issuer, which can include government bonds, corporate bonds, and other types of debts.

Investing Activities

Transactions involving the purchase and sale of long-term assets and other investments, recorded in the cash flow statement.

Financing Activities

Transactions related to raising capital, repaying loans, and paying dividends, reflecting in the cash flow from financing section of a firm's cash flow statement.

Distributing Cash

Refers to the process of delivering or allocating cash holdings to various parties, such as dividends to shareholders or payments to creditors.