The Equation of a Straight Line Is Y = -1

question 8

Multiple Choice

The equation of a straight line is Y = -1.4X + 5.0. From this equation we know that.

• A)the line has a negative slope and intersects the X axis at +5.0
• B)the line has a slope of +5.0 and intersects the Y axis at -1.4
• C)the line has a slope of -1.4 and intersects the Y axis at +5.0
• D)X and Y are not linearly related

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Definitions:

Purchase Discounts

Purchase discounts are reductions in price given by the supplier to the buyer for early payment or payment within a specified period.

Credit Sales

Transactions where the customer purchases goods or services on credit and pays the seller at a later date.

Bank Credit Cards

Payment cards issued by banks that allow cardholders to borrow funds within a pre-approved limit for purchases or cash advances.

Freight-In

The cost associated with transporting raw materials or goods into a facility, typically considered as part of the inventory cost.