-Refer to the Above Diagram

question 118

Multiple Choice

-Refer to the above diagram.Which line(s) show(s) a negative vertical intercept?

• A) C only
• B) both C and E
• C) B,C,and E
• D) both B and C

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Definitions:

Sales

The total amount of goods or services sold by a company, serving as a primary source of revenue.

Net Income

A company's overall earnings following the deduction of all expenses and taxes from its gross income.

Average Collection Period

The average number of days it takes for a company to collect receivables from its customers, indicating the efficiency of its credit policies.

Discount Period

The time frame in which a buyer can pay less than the full amount due on an invoice if payment is made promptly, incentivizing early payment.