Duck Company Has the Following Information Purchases Are Paid for in the Following Manner: 10% in

question 104

Multiple Choice

Duck Company has the following information: $\begin{array}{lr}\text { Month } & \text { Budgeted Purchases } \\\hline \text { January } &26,800 \\\text { February } &29,000 \\\text { March } & 30,520 \\\text { April } &29,480 \\\text { May } &27,680 \\\end{array}$ Purchases are paid for in the following manner: 10% in the month of purchase
50% in the month after purchase
40% two months after purchase
_____ is the expected balance in Accounts Payable as of March 31.

• A)$39,068
• B)$18,312
• C)$2,900
• D)$30,520

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Definitions:

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The relationships an individual has with others, including friends, family, coworkers, and other social networks, which can influence one's health and well-being.

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A concept in psychology referring to the realization or fulfillment of one's talents and potentialities, often seen as the highest need in a hierarchy of human needs.

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