Table of contents

1. Introduction to Accounting1h 21m
2. Transaction Analysis1h 13m
3. Accrual Accounting Concepts2h 38m
4. Merchandising Operations2h 30m
5. Inventory1h 55m
6. Internal Controls and Reporting Cash1h 16m
7. Receivables and Investments3h 8m
8. Long Lived Assets5h 1m
9. Current Liabilities2h 19m
10. Time Value of Money1h 23m
- Time Value of Money Equations
  35m
- Using Time Value of Money Tables
  47m
11. Long Term Liabilities2h 45m
12. Stockholders' Equity2h 15m
13. Statement of Cash Flows2h 24m
14. Financial Statement Analysis5h 25m
15. GAAP vs IFRS56m

4. Merchandising Operations

Net Sales

Financial Accounting

4. Merchandising Operations

Net Sales

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Multiple Choice

Which graph could represent a constant balance in a bank account over time?

A line sloping downward from left to right

A horizontal line parallel to the time axis

A line sloping upward from left to right

A curve that rises and falls periodically

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Verified step by step guidance

Understand the concept of a constant balance: A constant balance in a bank account means the amount of money in the account does not change over time, regardless of deposits or withdrawals.

Visualize the relationship between time and balance: If the balance remains unchanged, the graph representing this relationship would show no variation in the balance as time progresses.

Identify the characteristics of a horizontal line: A horizontal line is parallel to the time axis and indicates that the value (in this case, the balance) remains constant over time.

Compare the options provided: Analyze each option to determine which graph represents a constant balance. A line sloping downward or upward indicates a change in balance, while a curve rising and falling shows periodic fluctuations. Only a horizontal line parallel to the time axis represents a constant balance.

Conclude that the correct graph is a horizontal line parallel to the time axis, as it accurately represents a constant balance in a bank account over time.