Amy is in school learning to be a welder. she spends long hours studying (and drinking coffee), and long hours practicing in the hot, dirty shop (and therefore takes frequent showers). amy has $70.00 a month to spend on the soap and coffee she needs to function properly. draw amy\'s budget constraint, assuming the soap costs $3.50, and the coffee costs $14.00 a pound. note, if a point will not go where you want to put it, try placing the other endpoint there. then, classify the lettered points according to whether they describe baskets of goods that are unaffordable, affordable and exhaust amy’s budget, or affordable with money left over.

A. economic resources to be used or turned into cash within one year. b. reports assets, liabilities, and stockholders' equity. c. decrease assets; increase liabilities and stockholders' equity. d. increase assets; decrease liabilities and stockholders' equity. e. an exchange or event that has a direct and measurable financial effect. f. accounts for a business separate from its owners. g. the principle that assets should be recorded at their original cost to the company. h. a standardized format used to accumulate data about each item reported on financial statements. i. the basic accounting equation. j. the two equalities in accounting that aid in providing accuracy. k. the account credited when money is borrowed from a bank using a promissory note. l. cumulative earnings of a company that have not yet been distributed to the owners. m. every transaction has at least two effects. n. amounts presently owed by the business. transaction, separate entity assumption, balance sheet, liabilities, assets, current assets, notes payable, duality of effects, retained earnings, debit.