Explain Why the Order in Which Coordinates Are Subtracted to Find

question 306

Essay

Explain why the order in which coordinates are subtracted to find slope does not matter as long as
x-coordinates are subtracted in the same order as y-coordinates.

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Definitions:

Gross Profit

The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Net Sales

The revenue a company earns from sales after subtracting returns, allowances for damaged or missing products, and discounts.

Allowance for Doubtful Accounts

A contra-asset account used to estimate the portion of accounts receivable that is expected to be uncollectible.

Percentage of Credit Sales Method

An accounting method used to estimate bad debt expense by applying a fixed percentage to the total credit sales of a period.