Which of the Following Is the Formula Used to Calculate

question 128

Multiple Choice

Which of the following is the formula used to calculate the slope of the regression line on a scattergraph?

• A) Change in activity ¸ change in cost
• B) Fixed costs ¸ change in activity
• C) Change in cost ¸ change in activity
• D) Fixed costs ¸ change in cost

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Definitions:

Deposits In Transit

Funds that have been deposited in a bank account but not yet recorded by the bank, leading to a difference between the company's records and the bank statement.

Outstanding Checks

Checks that have been written and recorded in the issuing company's books but have not yet been cleared by the bank.

Outstanding Checks

Checks that have been written and recorded in the issuing party's account but have not yet been cashed or cleared by the bank.

Reconciliation Procedure

A process used to ensure that two sets of records (usually the balances of two accounts) are in agreement, identifying discrepancies and reasons for them.