-Using the Data in the Above Table, If Income Is

question 412

Multiple Choice

$$\begin{array} { | c | c | } \hline \begin{array} { l } \text { Income } \\\text { (dollars per } \\\text { month) }\end{array} & \begin{array} { c } \text { Amount spent on } \\\text { restaurant meals } \\\text { (dollars per month) }\end{array} \\\hline 50 & 20 \\\hline 100 & 40 \\\hline 150 & 60 \\\hline 200 & 80 \\\hline\end{array}$$
-Using the data in the above table, if income is on the x-axis and the amount spent on restaurant meals is on the y-axis, the slope of the straight line graph equals

• A) 0.5.
• B) 0.2.
• C) 0.4.
• D) 2.5.

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Definitions:

Income Reporting

The process of declaring revenue earned by an individual or entity within a certain time frame, often for tax purposes.

Retained Earnings Statement

A financial document that shows how a company's retained earnings have changed over a reporting period due to net income and dividend payouts.

Statement of Cash Flows

A financial report that shows the inflows and outflows of cash in a business over a specific period.

Direct Method

A method of reporting cash flows from operating activities by showing the actual cash receipts and payments from operations.