Solve the System by Substitution

question 196

Short Answer

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:

Accounts Receivable Turnover

A financial ratio that measures how efficiently a company collects revenue from its credit sales by dividing total net credit sales by the average accounts receivable.

Accounts Receivable

Funds that customers are required to pay to a company for products or services that have been provided but not yet compensated for.

Net Credit Sales

The total revenue from sales made on credit after subtracting returns and allowances.

Inventory Turnover

A ratio indicating how many times a company's inventory is sold and replaced over a specific period.