The Data Values Plotted on a Line Graph Are Connected

question 60

True/False

The data values plotted on a line graph are connected with a straight line between each pair of successive points.

---

Definitions:

Cash Discounts

A reduction in the amount owed by a customer if payment is made within a specified period.

Periodic Inventory System

An inventory accounting system where updates are made on a periodic basis rather than after each transaction.

Net Method

An accounting method for recording purchases where the purchase price includes a cash discount for early payment, emphasizing the net price as the expected payment amount.

Credit Terms

The conditions under which credit will be extended to a borrower, including the repayment schedule, interest rate, and any other terms and conditions.