The Slope of a Downward-Sloping Straight Line Can Be Calculated

question 160

Multiple Choice

The slope of a downward-sloping straight line can be calculated as the distance from the

• A)horizontal intercept of the line to the origin divided by the distance from the origin to the vertical intercept of the line.
• B)origin to the horizontal intercept of the line minus the distance from the origin to the vertical intercept of the line.
• C)vertical intercept of the line to the origin divided by the distance from the origin to the horizontal intercept of the line.
• D)vertical intercept of the line to the origin minus the distance from the origin to the horizontal intercept of the line.

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Definitions:

Ending Inventory

The full value of articles ready to be sold at the conclusion of an accounting duration.

Perpetual Inventory System

An inventory tracking system where updates are made continuously to reflect sales, purchases, and returns in real-time.

LIFO

Last-In, First-Out, an inventory valuation method where the most recently produced items are recorded as sold first.

Ending Inventory

The cumulative worth of all unsold merchandise at the close of a financial period.