Tom and Jerry Have Two Tasks to Do All Day

question 97

Multiple Choice

Tom and Jerry have two tasks to do all day: set traps and build bombs.If Tom spends all day setting traps,he will have set 16 traps.If he instead devotes his day to building bombs,Tom will build 4 bombs.If Jerry spends his day setting traps,he will set 14 traps;if he spends the day building bombs,he will build 7 bombs.If Tom divides his time evenly between activities,and acts efficiently,he will produce:

• A)16 traps and 4 bombs.
• B)12 traps and 3 bombs.
• C)8 traps and 2 bombs.
• D)4 traps and 3 bombs.

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Definitions:

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account columns to check for errors in the double-entry system.

Journal Entries

The record of financial transactions in an accounting system, used to transfer information to the ledger, showing detailed information regarding date, accounts affected, and amounts.

Posted Correctly

The action of accurately recording transactions in the appropriate accounts in an accounting system.

Ledger

A book or digital record in which a company maintains its accounts, tracking all financial transactions systematically.