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Aleonysh [2.5K]
3 years ago
15

Fitzgerald Company wrote checks totaling $34,160 during October and $37,300 during November. $32,480 of these checks cleared the

bank in October, and $36,440 cleared the bank in November. What was the amount of outstanding checks on November 30?
Business
1 answer:
il63 [147K]3 years ago
5 0

Answer:

The amount of $ 2,540 is the checks that were outstanding on November 30.

Explanation:

The amount of the outstanding checks will be shown as:

Amount of outstanding checks = Checks wrote in October + Checks wrote in November - Checks cleared in October - Checks cleared in November

where

Checks wrote in October amounts to $34,160

Checks wrote in November amounts to $37,300

Checks cleared in October amounts to $32,480

Checks cleared in November amounts to $36,440

Putting the values above:

Amount of outstanding checks = $34,160 + $37,300 - $32,480 - $36,440

= $71,460 - $68,920

= $2,540

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Answer:

The opportunity cost of that decision is - $250,000

Explanation:

For computing the opportunity cost, we have to use the formula of opportunity cost which is shown below:

= Return of project which is not chosen - the return of a chosen project

= $750,000 - $1,000,000

= - $250,000

Since in the question, it is given that the chosen project is X so we write the project X amount in the formula and the not chosen project of-course is Y.

Hence, the opportunity cost of that decision is - $250,000

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Answer:

2. Select Lou's Luggage budget

3. Show grid Accounts vs. Quarters

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3 years ago
The March 1 inventory of finished units at the Kay Company is 5,000. During March the company plans to sell 40,000 units and des
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Answer:

C. 45,000 units

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Answer:

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Explanation:

3 0
3 years ago
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