Provide an Appropriate Response $( 7,8 )$ , Where Will It Intersect The

question 46

Multiple Choice

Provide an appropriate response.
-If a horizontal line is drawn through the point $( 7,8 )$ , where will it intersect the $y$ -axis?

• A) \(( 8,0 )\)
• B) \(( 0,8 )\)
• C) \(( 7,0 )\)
• D) \(( 0,7 )\)

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Definitions:

Budgeted Amounts

Estimated financial figures used for planning purposes, outlining the expected revenues, expenses, and other financial transactions for a future period.

Actual Amounts

Actual amounts refer to the true or real figures that have been recorded in financial transactions, not estimates or projections.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity levels, allowing for a more accurate comparison of actual vs. budgeted performance.

Predicted Amount

An estimated figure or value expected to be achieved in the future based on current data and trends.