A Firm Starts the Week with Payables of $172,000,it Pays 80,000 of Outstanding Bills,and Purchases $44,000 of Raw Materials on 80,000

question 46

Multiple Choice

A firm starts the week with payables of $172,000,it pays $$80,000 of outstanding bills,and purchases $44,000 of raw materials on one month's credit.What is the change in its cash balance over the week?

• A) −$36,000
• B) +$96,000
• C) −$80,000
• D) +$92,000

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Definitions:

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