Unit 6 Portfolio ACCOUNTING MANAGERIAL QUESTIONS WITH ANSWERS

Unit 6 Portfolio Task 1 a. For the first company, express in words the amount the cab company charges per ride and per mile. The first company charged $2.60 per ride and $1.75 per mile b. Write an equation in slope-intercept, point-slope, or standard form. Explain why you chose the form you did. Slope Intercept = 1.75x+$2.50 I choose slope intercept because is seems to be the easiest and most sufficient. In our Algebra book it always uses question like per ride or per mile as our examples. It is also just a favored one I like to use. c. What does the slope and y-intercept mean in the context of this problem? Hint: What do you pay when you step into the cab? The slope would be cost charged per mile multiplied by miles are driven. In further explanation, $1.50 is what the company company charges per mile and x represents each mile. The y intercept is the base charge of NY ride which is $2.60. So when add the two together $1.75x+2.60 = complete cost taxi ride. Task 2 For the second company, express in a table the cost of the cab ride given the number of miles provided. a. Write an equation in slope-intercept, point-slope, or standard form. Explain why you chose the form you did. Slope-Intercept form = 2x+5 b. What does the slope mean in the context of the problem? In the context of the problem, our slop