Mary Company Has the Following Information Purchases Are Paid as Follows:
10% in the Month of

question 116

Multiple Choice

Mary Company has the following information:
$\begin{array}{ll}\text { Month }&\text { Budgeted Purchases }\\\text { January } & \$ 26,800 \\\text { February } & 29,000 \\\text { March } & 30,520 \\\text { April } & 29,480 \\\text { May } & 27,680\end{array}$
Purchases are paid as follows:
10% in the month of purchase
50% one month after purchase
40% two months after purchase

• A) $14,740
• B) $17,508
• C) $26,948
• D) $29,716

---

Definitions:

Hierarchically Connected

Organized or structured in a way that entities are ranked one above the other according to status or authority.

Hierarchy of Authority

An organizational structure where entities are ranked according to levels of power and authority, usually from highest to lowest.

Increasing Authority

The process of granting more decision-making power or control to individuals or groups within an organization.

Staff Units

Assist the line units by performing specialized services to the organization.