A firm starts the week with payables of $172,000.It pays $80,000 of outstanding bills,and purchases $44,000 of raw materials on one month's credit.What is the level of payables at the end of the week?

Name: A firm starts the week with payables of $172,000.It pays $80,000 of outstanding bills,and purchases $44,000 of raw materials on one month's credit.What is the level of payables at the end of the week?
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Question

Quizplus · Accepted Answer

$172,000 − $80,000 + $44,000 = $136,000

A Firm Starts the Week with Payables of $172,000