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:

American Response

The reaction or counteraction of the United States to domestic or international events, policies, or challenges.

Black Haiti

Refers to the state of Haiti after the successful slave revolution against French colonial rule in 1804, leading to it becoming the first black republic.

Sedition Act

Legislation enacted by various countries at different times to prevent and punish actions perceived as promoting dissent or rebellion against the government.

Seditious Speech

Language that is aimed at inciting rebellion against a government or undermining its authority.