Examlex

Solved

A Theater Has a Seating Capacity of 750 and Charges

question 154

Short Answer

A theater has a seating capacity of 750 and charges $2 for children, $4 for students, and $5 for adults. At a certain screening with full attendance, there were one-fourth as many adults as children and students combined. The receipts totaled $2,150. How many children attended the show?

__________ children


Definitions:

Par Value

The nominal or face value of a bond, stock, or coupon as stated by the issuer, which is typically not indicative of its market value.

Stated Value

A nominal value assigned by a company to its issued shares, which may be above or below the market value.

Shares

Units of ownership in a company, typically traded on a stock exchange, representing a portion of the corporate equity.

Treasury Stock

Shares that were issued and later reacquired by the issuing company.

Related Questions