Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Solve the problem. An accountant checks the reported earnings for a concert venue for three different performers against the number of tickets sold. Performer Children

Solve the problem. An accountant checks the reported earnings for a concert venue for three different performers against the number of tickets sold.

Performer Children Tickets Student Tickets General Admission Total Revenue
1 1,000 250 1,000 $24,750
2 400 300 300 $10,700
3 400 300 300 $8,700

Let x, y, and z represent the cost for children tickets, student tickets, and general admission tickets, respectively. Set up an augmented matrix for the system and solve for x, y, and z. Explain what the accountant knows about the reported earnings.

Select one:

a. {(8, 8, 17)}; There were $8 children's tickets, $8 student tickets, and $17 general admission tickets sold.

b. { }; The system of equations reduces to a contradiction. There are no values for x, y, and z that can simultaneously meet the conditions of this problem.

c. {(7, 7, 16)};There were $7 children's tickets, $7 student tickets, and $16 general admission tickets sold.

d. {(6, 6, 15)}; There were $6 children's tickets, $6 student tickets, and $15 general admission tickets sold.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

Evaluate the impact of unions on nurses and physicians.

Answered: 1 week ago

Question

Describe the impact of strikes on patient care.

Answered: 1 week ago

Question

Evaluate long-term care insurance.

Answered: 1 week ago