Insurance — Unit test Answers

Analyze the following budget, with an income of $750, to determine how much can be spent on food for the month. Month________Budgeted AmountFood$___Personal Items$20Cell Phone $75Entertainment$85Car Expenses – Gas, Insurance$260College Savings$250

Which of the following is used by a seller to deceive a buyer?

Katie keeps a record of her transactions in a notebook. Looking over her records for the past two weeks, Katie finds that her bank statement does not match her notebook, and she actually has more money than she thought she did. These are the relevant entries in Katie’s notebook:TransactionDebit ($)Credit ($)Beginning Balance 889.23Fence repair75.86---Dry cleaning32.38---Paycheck---140.91Gift from cousin---35.00Car payment178.66---Tax refund---66.18New chair161.55---Ending Balance 682.87However, Katie’s bank statement says that her ending balance is $707.10. Which of the following is a possible explanation for the discrepancy?