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Question 15 of 20
A company orders ten laptops at \($600 each. Four are broken upon delivery.
For what amount should Accounts Payable be credited in this situation?
A. $\)6,000
B. \($3,600
C. $\)1,200
OD. $2,400
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Verified Answer :

GinnyAnswer

To determine the amount for which Accounts Payable should be credited, follow these steps:

1. Identify the total cost of one laptop: It is given that each laptop costs \($600. 2. Find out how many laptops are broken: The question states that four laptops are broken. 3. Calculate the total value of the broken laptops: - Multiply the number of broken laptops by the cost per laptop. - Number of broken laptops = 4. - Cost per laptop = $\)600.
- Total value of broken laptops = \(\( 4 \times 600 \)\).

4. Conclude the total value of broken laptops:
- Total value of broken laptops = \($2400. Therefore, the amount for which Accounts Payable should be credited is $\)2400.

The correct answer is:
D. $2,400

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