Answer the Following Questions Using the Information Below:
Wallaby Company

question 68

Multiple Choice

Answer the following questions using the information below:
Wallaby Company has the following information:
$$\begin{array} { l c } \text { Month } & \text { Budgeted Purchases } \\\text { January } & \$ 26800 \\\text { February } & 29000 \\\text { March } & 30520 \\\text { April } & 29480 \\\text { May } & 27680\end{array}$$ Purchases are paid for in the following manner:
10% of the purchase amount in the month of purchase
50% of the purchase amount in the month after purchase
40% of the purchase amount in the month after purchase
-What is the expected balance in Accounts Payable as of 30 April?

• A)$26 532
• B)$38 740
• C)$17 688
• D)$12 208

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Definitions:

Chain Of Command

The formal line of authority, communication, and responsibility within an organization, usually depicted as a hierarchy from top to bottom.

Supervisors

Individuals within an organization responsible for overseeing the work of employees and ensuring tasks and goals are achieved.

Utilitarian Rule

A principle that dictates choosing actions that maximize happiness or benefit to the greatest number of people.

Greatest Good

A principle suggesting that actions should be evaluated based on their ability to produce the maximum amount of happiness or benefit for the greatest number of people.