Determine Whether or Not the Function Is Linear $C ( x ) = 137 + 0.25 x$

question 297

Multiple Choice

Determine whether or not the function is linear. If it is, determine the slope and interpret it.
-The cost of a rental car for the weekend is given by the function C(x) $C ( x ) = 137 + 0.25 x$ , where x is the number of miles driven. Find and interpret the C-intercept of the graph of this function.

• A) 137; The cost of the rental car increases by $137 for each mile driven.
• B) 0.25; The cost of the rental car increases by $0.25 for each mile driven.
• C) 137; There is a flat rate of $137 to rent a car in addition to the charge for each mile driven.
• D) 0.25; There is a flat rate of $0.25 to rent a car in addition to the charge for each mile driven.

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Definitions:

Accounts Payable Turnover Ratio

A liquidity metric that measures how quickly a company pays off its suppliers by dividing total purchases by average accounts payable.

Inventory Accounting Methods

Different approaches, such as FIFO (First In, First Out), LIFO (Last In, First Out), and weighted average cost, used to value and manage inventory.

Adjusting Entry

An adjusting entry is a journal entry made in accounting records to adjust income and expense accounts so they comply with the accrual concept.