Viewmont Manufacturing Began the Year Owing Its Suppliers $4,800 for Merchandise

question 166

Multiple Choice

Viewmont Manufacturing began the year owing its suppliers $4,800 for merchandise purchased last year.Viewmont then sold half of this merchandise for $8,000 on account.Two weeks later,Viewmont paid its suppliers $1,600 and bought another $6,400 of merchandise on account.Viewmont now has an Accounts Payable balance of:

• A)$17,600.
• B)$9,600.
• C)$1,600.
• D)$7,200.

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Definitions:

Blaming The Victim

A phenomenon where the victim of a crime, accident, or any negative situation is held entirely or partially at fault for the harm that befell them.

Media Portray

involves the representation or depiction of events, people, or societies within various forms of media, often reflecting or shaping public perceptions.

Consolidating Injustices

The process or trend where injustices, particularly those related to sociopolitical or economic issues, become more entrenched or exacerbated in society.

Gendered Institution

A concept referring to how gender roles and expectations are embedded in the social structures, policies, and practices of institutions, affecting individuals' roles and opportunities.