Acme Enterprises Began the Year Owing Its Suppliers $3,000 for Merchandise

question 45

Multiple Choice

Acme Enterprises began the year owing its suppliers $3,000 for merchandise purchased last year.Acme then sold half of this merchandise for $5,000 on account.Two weeks later,Acme paid its suppliers $1,000 and bought another $4,000 of merchandise on account.Acme now has an Accounts Payable balance of:

• A) $11,000.
• B) $6,000.
• C) $1,000.
• D) $4,500.

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Definitions:

Sunscreen for Babies

Specialized sunscreen formulated to protect babies' sensitive skin from the harmful effects of ultraviolet radiation, with higher SPF and gentle ingredients.

Continuous Spray Sunscreen

A sunscreen product that is applied by spraying a continuous mist, offering an even coverage and often a more convenient application process.

Subcultures

Subcultures are groups of people within a larger culture who differentiate themselves through distinct values, beliefs, preferences, and practices.

National Culture

The set of shared values, beliefs, and norms that characterizes the social behavior of a country or society.