Find an Equation of the Line Containing the Given Pair $( 6,0 )$

question 75

Multiple Choice

Find an equation of the line containing the given pair of points
- $( 6,0 )$ and $( 0 , - 7 )$

• A) \(y = - \frac { 7 } { 6 } x - 7\)
• B) \(y = - \frac { 6 } { 7 } x + 6\)
• C) \(y = \frac { 6 } { 7 } x - 7\)
• D) \(y = \frac { 7 } { 6 } x - 7\)

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Definitions:

Moving Average Method

The Moving Average Method is an inventory costing method that calculates the average cost of inventory by taking the average of the costs of goods available for sale.

Inventory Transaction

This term refers to any event that causes a change in the quantity or value of inventory held by a business.

Purchased Units

The quantity of goods acquired by a company for resale or use in production during a specific accounting period.

Periodic FIFO

A method in inventory valuation where goods are assumed to be sold in the order they were acquired, calculated periodically.