General,Inc.has Prepared the Following Direct Materials Purchases Budget

question 166

Multiple Choice

General,Inc.has prepared the following direct materials purchases budget:

All purchases are paid for as follows: 10% in the month of purchase,50% in the following month,and 40% two months after purchase.Calculate budgeted balance of accounts payable at the end of October.

• A)$69,120
• B)$100,240
• C)$31,120
• D)$61,840

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Definitions:

Lateral

Relating to, or situated at, the side of an organ or structure.

Left Lower Quadrant

An area of the abdomen that contains parts of the large and small intestine, left ovary and fallopian tube in women, and the left ureter.

Neutral

Not taking sides in a conflict or dispute; impartial.

Electrical Charge

A physical property of matter that causes it to experience a force when placed in an electromagnetic field, with two types: positive and negative.