Use the Information Below to Answer the Following Questions:
Pinkerton

question 32

Multiple Choice

Use the information below to answer the following questions:
Pinkerton Ltd uses a perpetual control system for its inventory. It had the following data for a recent period:
$$\begin{array} { l r l c } & \$ & & \$ \\\text { Beginning accounts receivable } & 100000 & \text { Sales (all credit) } & 720000 \\\text { Beginning accounts payable } & 70000 & \text { Cash received from customers } & 680000 \\\text { Beginning inventory } & 160000 & \text { Cash paid to suppliers } & 380000 \\\text { Purchases (all credit) } & 350000 & & \\\text { Ending inventory count } & 90000 & &\end{array}$$
-What was the balance of Pinkerton Ltd's accounts payable at the end of the period?

• A) $20 000
• B) $40 000
• C) $90 000
• D) $100 000

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Definitions:

Transferable Permits

Licenses or rights, often issued by governments, allowing holders to emit a certain amount of pollution or use a specific amount of a resource, which can be bought or sold.

Emission Reduction

The process of diminishing the amount of pollutants released into the environment, particularly relevant in efforts to combat climate change.

Efficient Recycling

The process of collecting, processing, and reusing materials in the most cost-effective and environmentally friendly manner.

Marginal Cost

The cost incurred by producing one additional unit of a product or service.