The Total Number of Passengers Riding a Certain City Bus

question 214

Multiple Choice

The total number of passengers riding a certain city bus during the morning shift is 900. If the child's fare is $.30, the adult fare is $.65, and the total revenue from the fares in the morning shift is 480, how many children and how many adults rode the bus during the morning shift? ​

• A) 620 children and 280 adults
• B) 600 children and 300 adults
• C) 320 children and 580 adults
• D) 300 children and 620 adults
• E) 300 children and 600 adults

---

Definitions:

Future Cash Inflows

Expected receipts of cash in the future from investments, operations, or financing activities.

Asset's Value

The worth of an asset, calculated based on factors such as market value or depreciation.

Level 3 Inputs

Valuation inputs for assets or liabilities that are not based on observable market data, often involving significant management judgment or estimation.

GAAP Disclosures

Required information in financial statements that clarifies and provides context to the reported figures, following Generally Accepted Accounting Principles.