Semester 1 Review ACC

Front

What is the formula to calculate the final price after applying a discount and adding sales tax?

Back

Final Price = (Original Price - Discount) + Sales Tax

Front

What is a proportional relationship?

Back

A proportional relationship is one where two quantities maintain a constant ratio. For example, if one quantity doubles, the other also doubles.

Front

How do you express a quantity that is 15% more than another quantity?

Back

If x is the original quantity, then 15% more is expressed as 1.15x.

Front

Back

Front

What is the formula for calculating the slope of a line given two points (x1, y1) and (x2, y2)?

Back

Slope (m) = \frac{y2 - y1}{x2 - x1}.

Front

What does a slope of 0 indicate about a line?

Back

A slope of 0 indicates that the line is horizontal.

Front

What does a negative slope indicate about a line?

Back

A negative slope indicates that as one variable increases, the other variable decreases.

Front

What is the purpose of a coupon in a purchase?

Back

A coupon provides a discount on the purchase price, reducing the total amount paid.

Front

How do you calculate sales tax on a purchase?

Back

Sales Tax = Original Price x Sales Tax Rate.

Front

What is the difference between fixed costs and variable costs?

Back

Fixed costs do not change with the level of production, while variable costs do.