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In year 1 a contractor agrees to build a building for $2,500,000 by the end of year 2.The builder's cost is estimated to be $1,800,000.The actual costs year 1 are $900,000 and year 2's actual costs are $1,300,000.Under the completed contract method the gross profit for year 2 is
Y-axis
The Y-axis is the vertical line in a graph or chart, which, in coordinate geometry, usually represents the range of values for a dependent variable.
X-axis
The horizontal line on a graph or chart that usually represents the independent variable in a data set.
Positive Relationship
A relationship between two variables where an increase in one variable is associated with an increase in the other.
Slope
A measure of the steepness, incline, or grade of a line, typically determined by the ratio of the vertical change to the horizontal change.
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