Answer the Following Questions Using the Information Below:
Wallaby Company

question 34

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 31 March?

• A)$39 068
• B)$18 312
• C)$30 520
• D)$2900

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Definitions:

Bits of Information

The smallest units of data in computing, representing a binary choice between two alternatives, such as 0 or 1.

Primacy Effect

A cognitive phenomenon where the first items presented in a series are more likely to be remembered than items presented later on.

First Impressions

First Impressions are the initial thoughts and judgments one forms about another person or situation, often based on limited information but impactful on subsequent perceptions.

Memory

The faculty by which the mind stores and remembers information, critical for learning and the continuity of personal identity.