Solve the Problem by Setting Up and Solving an Appropriate

question 256

Essay

Solve the problem by setting up and solving an appropriate inequality. The Mets have won 45 baseball games and lost 47 games. They have 62 more games to play. To win more than 50% of all their games, how many of the 62 games remaining must they win? Please use the variable x in your answer.

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Definitions:

Unamortized Purchase Discrepancy

The portion of the purchase price that has not yet been allocated or amortized over the assets acquired in a transaction.

Equity Method

An accounting principle used for incorporating the investor's share of associates' profits or losses, contributing to the investor's book value of the investment.

Shareholders' Equity

The residual interest in the assets of a corporation that remains after deducting its liabilities, representing the owners' claim on the business.

Cash Consideration

The amount of cash that is paid or received during transactions, such as acquisitions or sales of assets.