Twilight Company has the following information: Purchases are paid as follows:
10% in the month of purchase
50% one month after purchase
40% two months after purchase
What is the expected balance in Accounts Payable on May 31?
A)$2,948
B)$11,792
C)$24,912
D)$36,704

Question

Twilight Company has the following information:  Purchases are paid as follows:
10% in the month of purchase
50% one month after purchase
40% two months after purchase
What is the expected balance in Accounts Payable on May 31?
A)$2,948 
B)$11,792 
C)$24,912 
D)$36,704

Quizplus · Accepted Answer

The Answer of Twilight Company has the following information:  Purchases are paid as follows:
10% in the month of purchase
50% one month after purchase
40% two months after purchase
What is the expected balance in Accounts Payable on May 31?
A)$2,948 
B)$11,792 
C)$24,912 
D)$36,704

Twilight Company Has the Following Information: Purchases Are Paid