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44. Debt payment Ace, Baker, and Champ are being purchased by ALCO, Inc., and their outstanding debts must be paid by the purchaser. The following matrix gives the amounts of debt in dollars and the terms for the companies being purchased. Due in 30 days Due in 60 days Ace 120,000 180,000 Baker 75,000 45,000 Champ 105,000 174,000 (a) If ALCO pays 35% of the amount owed on each debt, write the matrix giving the remaining debts. (b) Suppose ALCO decides to pay 80% of all debts due in 30 days and to increase the debts due in 60 days by 20%. Write a matrix that gives the debts after these transactions are made.

44. Debt payment Ace, Baker, and Champ are being purchased by ALCO, Inc., and their outstanding debts must be paid by the purchaser. The following matrix gives the amounts of debt in dollars and the terms for the companies being purchased. Due in 30 days Due in 60 days Ace 120,000 180,000 Baker 75,000 45,000 Champ 105,000 174,000 (a) If ALCO pays 35% of the amount owed on each debt, write the matrix giving the remaining debts. (b) Suppose ALCO decides to pay 80% of all debts due in 30 days and to increase the debts due in 60 days by 20%. Write a matrix that gives the debts after these transactions are made.

Algebra and Trigonometry (6th Edition)
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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#44 please give all steps and explanations or i won’t understand
SECTION 3.1 Matrices 191 consumption data. Find each of the following and indicate what information each provides. or ion (а) Е — М (b) 12 (c) C+E-M 44. Debt payment Ace, Baker, and Champ are being purchased by ALCO, Inc., and their outstanding debts must be paid by the purchaser. The following matrix gives the amounts of debt in dollars and the terms for the companies being purchased. Due in 30 days Due in 60 days Ace 120,000 180,000 Baker 75,000 45,000 Champ 105,000 174,000 (a) If ALCO pays 35% of the amount owed on each debt, write the matrix giving the remaining debts. (b) Suppose ALCO decides to pay 80% of all debts due in 30 days and to increase the debts due in 60 days by 20%. Write a matrix that gives the debts after these transactions are made. 45. Expense accounts A sales associate's expense account for the first week of a certain month has the daily expenses (in dollars) shown in matrix A. Meals Lodging Travel Other 88 160 400 20 Monday
Transcribed Image Text:SECTION 3.1 Matrices 191 consumption data. Find each of the following and indicate what information each provides. or ion (а) Е — М (b) 12 (c) C+E-M 44. Debt payment Ace, Baker, and Champ are being purchased by ALCO, Inc., and their outstanding debts must be paid by the purchaser. The following matrix gives the amounts of debt in dollars and the terms for the companies being purchased. Due in 30 days Due in 60 days Ace 120,000 180,000 Baker 75,000 45,000 Champ 105,000 174,000 (a) If ALCO pays 35% of the amount owed on each debt, write the matrix giving the remaining debts. (b) Suppose ALCO decides to pay 80% of all debts due in 30 days and to increase the debts due in 60 days by 20%. Write a matrix that gives the debts after these transactions are made. 45. Expense accounts A sales associate's expense account for the first week of a certain month has the daily expenses (in dollars) shown in matrix A. Meals Lodging Travel Other 88 160 400 20 Monday
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