46
QuizMultiple Choice

Topic Test

Question 46 • Academy- Financial Algebra A 27

Melanie’s monthly bank statement says her balance is $280.82, but her check register says that her balance is $312.55. Which of the following are still outstanding?I. A $56.49 check to the drugstoreII. A $113.42 paycheck depositIII. A $32.62 refund depositIV. An $81.69 check to the music store

Answer
A
I and III
B
II and IV
C
II and III
D
III and IV

Explanation

The register balance is $312.55 − $280.82 = $31.73 higher than the bank statement. An outstanding deposit makes the register higher than the statement, while an outstanding check makes it lower; together, the deposit and check must differ by $31.73. The $113.42 paycheck deposit minus the $81.69 music-store check equals $31.73, so II and IV are outstanding.

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