What is a linear variable cost? As long as a cost driver is constant, it is a linear variable. Variable costs are classified in a variety of ways, but linear variable costs have the most distinctive ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

A linear equation is drawn as a straight line on a set of axes. To draw the graph we need coordinates. We generate these coordinates by substituting values into the linear equation. STEP 1 - Draw a ...

Often in algebra we have an equation that we want to solve. This frequently involves manipulating the equation in various different ways to achieve a desired outcome. Key fact The golden rule when ...

In cost accounting, an accountant often uses the information about costs during a certain period to project future expenses. There are several methods the accountant may use for his estimations, ...

Linear regression is a powerful and long-established statistical tool that is commonly used across applied sciences, economics and many other fields. Linear regression considers the relationship ...