Purchases on Account Are Given Below 55% of the Month's Purchases Will Be Paid in the |

question 35

Multiple Choice

Purchases on account are given below: $$\begin{array} { | r | r | r | } \hline \text { October } & \text { November } & \text { December } \\\hline 30,000 & 40,000 & 50,000 \\\hline\end{array}$$ 55% of the month's purchases will be paid in the month of the purchase; the remaining 45% will be paid in the following month.
How much will the cash payments for purchases be in November?

• A) $35,500
• B) $34,500
• C) $40,000
• D) $36,000

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Definitions:

Piaget's Theory

A theory of cognitive development that describes how children's thinking evolves in stages as they interact with their environment.

Preoperational Thought

A stage in Piaget's theory of cognitive development where children from about 2 to 7 years old are able to use symbols and language but do not yet understand concrete logic.

Assimilation

The process by which individuals or groups of differing ethnic heritage are absorbed into the dominant culture of a society.

Accommodation

In cognitive psychology, the process of modifying existing cognitive schemas, perceptions, and understandings to incorporate new information.