Answer:
Each hour she spends swimming is an hour that she can't spend biking or running. The basic principle this sentence illustrates is:
All choices have opportunity cost.
Explanation:
As per the given situation, Caroline decides to go for swimming. So the time she invests in swimming, she could have done for biking or running during that time. So, opportunity cost of one hour of swimming is an hour of biking or running. Also it is not known that whether Caroline has an incentive if she spends more time swimming. This applies for an hour spent for biking or running as well. Thus, all the three choices have an opportunity cost.
Answer:
Answer text is available please see the attachment file for easy understanding
Sr. Date Levine Company Debit Credit
Journal
1 Not Given Cash $8,064
Credit Card Expense-Suntrust $336
Sales $8,400
2 Not Given Cost of Goods Sold $6,000
Merchandise Inventory $6,000
3 Not Given Accounts Receivable-Continental $5,460
Credit Card expense $140
Sales $5,600
4 Not Given Cost of goods Sold $3,500
Merchandise Inventory $3,500
5 12-Apr Cash $5,460
Accounts Receivable-Continental $5,460
The correct answer is letter C, J<span>apanese banks pay interest on checking accounts. In Japan, banks are not willing to pay a high rate of interest. This is the reason why people who use their credit cards or other savings account they get charged extra for interest. </span>
Socialism is defined as the means of production that is owned by the state. Capitalism is a economic system in which private individuals or businesses own capital goods. A Mixed Economy is a system that combines aspects of both Capitalism and Socialism.
