The Following Information Is Available for Royal Corp Assuming That All Purchases Are Made on Account, Accounts Payable

question 6

Multiple Choice

The following information is available for Royal Corp. for 2020: $\begin{array}{llcc} \text {Accounts payable, beginning............................................................ } &\$14,000 \\ \text {Cash payments on account during year............................................. } &7,000\\ \text {Purchase discounts taken during year on 2020 purchases ................ } &1,200\\ \text { Purchases....................................................................................... } &10,000\\\end{array}$
Assuming that all purchases are made on account, accounts payable at the end of the year are

• A) $17,000
• B) $22,800
• C) $15,800
• D) $24,000

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Definitions:

Complex Systems

Systems characterized by diverse components that interact in multiple ways, leading to emergent behavior and outcomes that cannot easily be predicted.

Competency Of Communicator

The ability of a communicator to effectively convey messages and facilitate understanding among diverse audiences.

Force-Field Analysis

Force-Field Analysis is a tool used to identify and analyze the forces that support or hinder a particular change initiative, facilitating decision-making in organizational environments.

Future State

The envisioned or planned condition of an organization, system, or situation at a specific future point in time, highlighting intended improvements or changes.