Solve, Using the Substitution Method, and Check $\begin{array} { c } 2 x + y = 11 \\y = 3 x\end{array}$

question 6

Essay

Solve, using the substitution method, and check. $\begin{array} { c } 2 x + y = 11 \\y = 3 x\end{array}$ Enter your answer as an ordered pair in the form (x, y). Express your answer as fractions.

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Definitions:

Reorganization

The process of restructuring a company's business or financial affairs, typically during financial distress, to increase efficiency or restore solvency.

Liquidation

The process of closing a business and distributing its assets to claimants, typically occurring when a company is insolvent.

Homemade Leverage

A strategy where investors adjust the leverage or risk of their portfolio through borrowing or investing their own money, rather than relying on the company to do so.

Direct Bankruptcy Costs

These are the costs associated directly with the bankruptcy process, including legal fees, accounting fees, and other administrative expenses for processing a bankruptcy filing.