Write All Linear Equations in Slope-Intercept Form

question 120

Multiple Choice

Write all linear equations in slope-intercept form.
-A house was purchased for $65,000. After 6 years the value of the house was $119,000. Find a linear equation that models the value of the house after x years.

• A) y = 9000x
• B) y = 9000x + 65,000
• C) y = 119,000
• D) y = 6x + 65,000

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Definitions:

Variable Cost

Costs that change in proportion to the level of production or activity.

Operating Leverage

Refers to the extent to which fixed costs are used in a company's operations; high operating leverage means a larger proportion of fixed costs, leading to greater potential for profit variability with changes in sales volume.

Pretax Net Income

The amount of income that a company has earned before any taxes have been deducted.

CVP Analysis

Cost-Volume-Profit Analysis, a financial tool used to determine how changes in cost and volume affect a company's operating income and net income.