The Slope

question 227

Multiple Choice

The slope

• A) of a straight line is the same regardless of where on the line it is calculated.
• B) equals the change in the value of the variable measured on the x-axis divided by the change in the variable measured on the y-axis.
• C) will be small if a large change in the variable measured on the y-axis is associated with a small change in the variable measured on the x-axis.
• D) equals the change in the value of the variable measured on the y-axis minus the change in the variable measured on the x-axis.
• E) falls as the x variable increases if the line has a negative slope.

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Definitions:

Indirect Method

A way of preparing the cash flow statement where net income is adjusted for non-cash transactions, deferred taxes, and changes in working capital to calculate cash flow from operating activities.

Depreciation Expense

An accounting method of allocating the cost of a tangible asset over its useful life to account for declines in value over time.

Accounts Receivable

Money owed to a business by its customers for goods or services that have been delivered but not yet paid for.

Wages Payable

Liabilities arising from employees' salaries that are earned but not yet paid by the company, representing an obligation to pay for labor services received.