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Estate Corp., Has the Following Information

Question 202

Multiple Choice
Estate Corp., has the following information:

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 March 31?

Estate Corp., has the following information:
Estate Corp., has the following information:   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 March 31? A)  $37,290 B)  $14,250 C)  $2,910 D)  $25,650
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 March 31?


A) $37,290
B) $14,250
C) $2,910
D) $25,650

Correct Answer:

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