Maxine wishes to purchase a pair of running shoes made by her favorite brand. her budget is limited, and she notices shoes made by a competing brand are on sale for 50% off retail price. she decides to purchase the shoes that are on sale most likely because
a. she prefers brand names to reduced prices
b. she tends to avoid sales offers
c. the price of the alternative was too high
d. the sale was for a limited time

Tri fecta, a partnership, had revenues of $369,000 in its first year of operations. the partnership has not collected on $45,000 of its sales and still owes $39,500 on $155,000 of merchandise it purchased. there was no inventory on hand at the end of the year. the partnership paid $27,000 in salaries. the partners invested $48,000 in the business and $23,000 was borrowed on a five-year note. the partnership paid $2,070 in interest that was the amount owed for the year and paid $9,500 for a two-year insurance policy on the first day of business. compute net income for the first year for tri fecta.