Solve the Formula for the Specified Variable $I =$ Prt For $t$

question 296

Multiple Choice

Solve the formula for the specified variable.
- $I =$ Prt for $t$

• A) \(t = \frac { P - 1 } { I r }\)
• B) \(t = P - I r\)
• C) \(t = \frac { I } { \operatorname { Pr } }\)
• D) \(t = \frac { P - I } { 1 + r }\)

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Definitions:

High-low Method

A technique used in managerial accounting to estimate fixed and variable costs by analyzing the highest and lowest levels of activity and the associated costs.

Variable Cost

A cost that varies directly with the level of production or volume, such as materials and labor directly involved in the production process.

Least-squares Method

A statistical technique used to determine the line of best fit by minimizing the sum of the squares of the differences between observed and estimated values.

High-low Method

A technique used in cost accounting to determine the variable and fixed components of a cost by analyzing the highest and lowest levels of activity.