Determine Whether the Equation Defines Y as a Function of X

question 71

Multiple Choice

Determine whether the equation defines y as a function of x.
-x + y = 49

• A)y is a function of x
• B)y is not a function of x

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Definitions:

Year-End Inventory

The total value of a company's merchandise, raw materials, and finished and unfinished products which have not yet been sold, at the end of the fiscal year.

Inventory Turnover Ratio

A measure of how often a company sells and replaces its stock of goods within a period, calculated as cost of goods sold divided by average inventory.

Customer Refunds Payable

A liability account for estimated refunds and allowances that will be paid or granted to customers in the future.

Estimated Returns Inventory

A current asset account for the estimated amount of merchandise that will be returned by customers.