If a company starts operating in April, and pays its Accounts Payable for each month in the following month, and expenses for April are $30,000, of which 50% are paid immediately in cash, the other 50% becoming Accounts Payable, then

	a.	the company will pay no Accounts Payable bills in April.
	b.	the company will pay $30,000 of Accounts Payable in April.
	c.	the company will have no Accounts Payable bills to pay in May.
	d.	BOTH b and c above are correct!
	e.	none of the above.

2)The "Bottom-Up" method of calculating required revenue has that name because:

	a.	we work our way from the bottom of the income statement up to the top.
	b.	we drink alcohol as we do these calculations, saying "Bottoms Up!" while working on them together.
	c.	we reach into the bottom of our accounting knowledge, to come up with the correct answer.
	d.	ALL of a, b and c above are valid reasons for this name.
	e.	none of the above.