Gwen's decision to buy a new television instead of a bicycle for the same price a. means that opportunity cost is zero since both cost the same amount. b. would not have involved trade-off and opportunity cost if gwen had decided to put the money in a bank cd instead. c. would not imply a trade-off because of scarcity if gwen were a multimillionaire. d. means that the opportunity cost to gwen is the bicycle that she has given up.

Match the terms with their correct definition. terms: 1. accounts receivable 2. other receivables 3 debtor 4. notes receivable 5. maturity date 6. creditor definitions: a. the party to a credit transaction who takes on an obligation/payable. b. the party who receives a receivable and will collect cash in the future. c. a written promise to pay a specified amount of money at a particular future date. d. the date when the note receivable is due. e. a miscellaneous category that includes any other type of receivable where there is a right to receive cash in the future. f. the right to receive cash in the future from customers for goods sold or for services performed.