On This Graph, One of the Monthly Mean Temperature Lines

question 44

Short Answer

On this graph, one of the monthly mean temperature lines (red or blue)represents the coastal city of San Francisco, California. The other represents Urbana, Illinois, a city on the same latitude as San Francisco, but located deep in the interior of the North American continent. The red line therefore most likely represents ________.

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Definitions:

Periodic Inventory System

An inventory system that updates inventory balance and cost of goods sold at the end of an accounting period, not continuously.

Economic Entity Assumption

An accounting principle that states a company and its owner(s) are separate entities for financial reporting purposes.

Expenses

Outflows or other uses of assets or incurrences of liabilities during a period from delivering goods, rendering services, or carrying out other activities.

Proprietorship

A business structure owned by a single individual who is responsible for its liabilities and entitled to its profits.