Mathematics, 03.08.2021 03:20 LexyClaire
An accountant for a company is creating part of the fiscal budget for next year. She has $50,000 to allocate for salaries, insurance, and general expenses. Based on previous financial statements, she expects to spend eight times as much on salaries as on insurance. Also, general expenses historically cost 20% of the amount spent on salaries and insurance combined. a. Write a system of equations for the amount allocated to each category. (Make certain to clearly define any variables you use.) b. Write the system of equations as a matrix equation AX = B. c. Use an inverse matrix to solve the system of equations. How much is allocated to each category?
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