If Y Varies Directly as X, Find the Direct Variation $y = 0.3$

question 86

Multiple Choice

If y varies directly as x, find the direct variation equation for the situation.
- $y = 0.3$ when $x = 1.5$

• A) \(y = x - 1.2\)
• B) \(y = 0.3 x\)
• C) \(y = 5 x\)
• D) \(y = 0.2 x\)

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Definitions:

Aging Process

A method used in accounting to categorize accounts receivable according to the length of time an invoice has been outstanding.

Accounts Receivable

Funds that are expected to be received by a company from its customers who have purchased goods or services on credit, essentially representing a line of credit extended by the business and recorded as an asset.

Income Statement Approach

The Income Statement Approach is a method used in accounting to create the income statement by focusing on revenues, expenses, and income to determine the net profit or loss for a period.

Direct Write Off Method

A method to account for bad debts by directly writing off specific invoices determined to be uncollectible.