High Company Has the Following Information Purchases Are Paid for in the Following Manner: 75% in

question 25

Multiple Choice

High Company has the following information: $\begin{array}{lr}\text { Month } & \text { Budgeted Purchases } \\\hline \text { January } & \$ 33,000 \\\text { February } &37,000\\\text { March } & 31,000 \\\text { April } & 30,000 \\\text { May } &27,680 \\\end{array}$ Purchases are paid for in the following manner: 75% in the month of purchase
25% in the month after purchase
_____ is the expected balance in Accounts Payable as of April 30.

• A)$0
• B)$7,500
• C)$20,250
• D)$30,000

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Definitions:

Approach-Avoidance Conflict

A conflict arising when the same choice has both desirable and undesirable features.

Vacation

A period of time spent away from home or work for rest, relaxation, or travel.

Dream Vacation

A highly idealized travel experience, often imagined or planned, that represents a person's ultimate holiday destination and activities.

Approach-Avoidance Conflict

A psychological conflict that occurs when a goal or event has both attractive and unattractive qualities, leading to indecision or ambivalence.