Ace, Baker, and Champ are being purchased by ALCO, Inc., and their outstanding debts must be paid by the purchaser. The matrix below gives the amounts of debt and the terms for the companies being purchased. 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.

Question

Ace, Baker, and Champ are being purchased by ALCO, Inc., and their outstanding debts must be paid by the purchaser. The matrix below gives the amounts of debt and the terms for the companies being purchased. 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. ​
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Quizplus · Accepted Answer

The Answer of Ace, Baker, and Champ are being purchased by ALCO, Inc., and their outstanding debts must be paid by the purchaser. The matrix below gives the amounts of debt and the terms for the companies being purchased. 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. ​
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Ace, Baker, and Champ Are Being Purchased by ALCO, Inc