Assuming the Accounts Payable Balance at the End of 2017

question 8

Multiple Choice

Assuming the accounts payable balance at the end of 2017 is $75,000,and it has decreased 20% since the end of 2016,the balance at the end of 2016 (rounded to the nearest whole dollar_was:

• A) $60,000
• B) $93,750
• C) $72,000
• D) $90,000

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Definitions:

Innate Characteristics

Refers to traits or qualities that are present in an individual at birth, not acquired or learned.

Social Institutions

Established systems or structures within a society that govern the behavior and expectations of individuals, such as family, education, and government.

Raised In Isolation

The condition of being brought up in an environment that is significantly devoid of normal social interaction and exposure to the outside world.

Develop Normally

The process of growing or evolving according to expected patterns or stages of physical, mental, or emotional growth.