Answer the Following Questions Using the Information Below:
Estate Corp

question 168

Multiple Choice

Answer the following questions using the information below:
Estate Corp., has the following information:
$$\begin{array} { l c } \text { Month } & \text { Budgeted Purchases } \\\text { January } & \$ 26,800 \\\text { February } & 29,000 \\\text { March } & 28,500 \\\text { April } & 29,480 \\\text { May } & 26,680\end{array}$$ 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 second month after purchase
-What is the expected balance in Accounts Payable as of April 30?

• A) $37,250
• B) $37,932
• C) $28,500
• D) $17,688

---

Definitions:

Intensive Agriculture

Farming practices that aim to maximize crop yield per unit of agricultural land area, often through high levels of inputs like labor, pesticides, and fertilizers.

Dominant Classes

Social groups that hold the most power, wealth, and status in a society, often shaping its policies, norms, and ideologies.

Own Land

The legal right of possessing, using, and controlling a particular piece of land.

Small-Scale Producers

Individuals or businesses engaged in the production of goods on a limited scale, often characterized by handcrafted or artisanal methods.