A Graph Shows That as Fees to Use ATM Machines

question 154

Multiple Choice

A graph shows that as fees to use ATM machines increase, people use them less frequently. The graph of this relationship would show

• A) an inverse relationship.
• B) a negative relationship.
• C) a direct relationship.
• D) Both answers A and B are correct.

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Definitions:

Notes Receivables

Written promises for amounts to be received, typically including interest, indicating that another party owes the business money.

Contra Asset Account

An account offset against an asset account on the balance sheet.

Allowance for Doubtful Accounts

An accounting provision that represents a company's estimate of invoices that will not be paid by customers.

Aging of Accounts Receivable

A method of categorizing accounts receivable based on how long they have been outstanding.