The Slope of the Line of Regression Is

question 221

Multiple Choice

The slope of the line of regression is

• A)the rate at which the dependent variable varies.
• B)the rate at which the independent variable varies.
• C)the level of total fixed costs.
• D)the level of total variable costs.
• E)equal to the intercept.

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Definitions:

Allowance Method

An accounting technique that estimates and deducts accounts receivable that may not be collectible, to more accurately represent a company's financial position.

Net Realizable Value

The estimated selling price of goods minus the cost of their sale or disposal, used in valuing inventory to reflect the net amount that can be realized.

Allowance for Doubtful Accounts

An estimation of future uncollectible amounts from customers, reducing the accounts receivable balance to a more realistic figure.

Previously Written Off

This term refers to debts or assets that had been removed from an organization's financial statements as losses but may later be recovered or re-evaluated.