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Administration = $95,000 + $10,000 + 0.1 x Administration + $5,000

Administration = $95,000 + $10,000 + 0.1 x Administration + $5,000

 Administration = $95,000 + $10,000 + 0.1 x Administration + $5,000

                                             + 0.02 x Administration = 125,000

Administration= 95,000

This is a problem I am trying to figure out for my cost accounting class. It is using the reciprocal method. This is one of the textbook questions that has been answered. I am trying to figure out how this equation works so that I can do the equation in my homework. Does anyone know how to come up with 125,000 from this equation? the book says something about inverse matrix, but I am nt getting anywhere with it.

Abhinav 02-Dec-2019

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