Juanita is training for a triathlon, a timed race that combines swimming, biking, and running. consider the following sentence: juanita has only 20 hours this week that she can devote to training. each hour she spends swimming is an hour that she can't spend biking or running. which basic principle of individual choice do these statements best illustrate? a: juanita can use time most efficiently by spending the same amounts of time on swimming, biking, and running. b: people face trade-offsc: people usually exploit opportunities to make themselves better off. d: juanita has an incentive to spend more time on swimming than on biking or running.

Grace period is a period of time before the credit card company starts charging late fees.truefalse

Exercise 4-6 the following balances were taken from the books of alonzo corp. on december 31, 2017. interest revenue $86,000 accumulated depreciation—equipment $40,000 cash 51,000 accumulated depreciation—buildings 28,000 sales revenue 1,380,000 notes receivable 155,000 accounts receivable 150,000 selling expenses 194,000 prepaid insurance 20,000 accounts payable 170,000 sales returns and allowances 150,000 bonds payable 100,000 allowance for doubtful accounts 7,000 administrative and general expenses 97,000 sales discounts 45,000 accrued liabilities 32,000 land 100,000 interest expense 60,000 equipment 200,000 notes payable 100,000 buildings 140,000 loss from earthquake damage 150,000 cost of goods sold 621,000 common stock 500,000 retained earnings 21,000 assume the total effective tax rate on all items is 34%. prepare a multiple-step income statement; 100,000 shares of common stock were outstanding during the year. (round earnings per share to 2 decimal places, e.g. 1.48.)

When an interest-bearing note comes due and is uncollectible, the journal entry includes debitingaccounts receivable and crediting notes receivable and interest revenue.accounts receivable and crediting interest revenue.notes receivable and crediting accounts receivable and interest revenue.notes receivable and crediting accounts receivable.