Answered

\begin{tabular}{|r|r|l|l|}
\hline [tex]$3 / 6$[/tex] & 440.15 & Purchase \\
\hline [tex]$3 / 9$[/tex] & 35.65 & Purchase \\
\hline [tex]$3 / 22$[/tex] & 250.00 & Payment \\
\hline [tex]$3 / 25$[/tex] & 51.71 & & \\
\hline
\end{tabular}

Please select the best answer from the choices provided:

a. [tex]$\$[/tex] 46.07$
b. [tex]$\$[/tex] 28.66$
c. [tex]$\$[/tex] 21.36$
d. [tex]$\$[/tex] 24.82$

A.
B.
C.
D.



Answer :

GinnyAnswer
To solve this problem, we need to determine the net balance change from the transactions listed and then select the closest answer from the provided choices.

Here are the transactions:
- 3/6: \$440.15 (Purchase)
- 3/9: \$35.65 (Purchase)
- 3/22: \$250.00 (Payment)
- 3/25: \$51.71 (no specified type, so neutral)

Steps to calculate the net balance change:

1. Convert Purchases and Payments Into a Balance Change:
- Purchases decrease the balance.
- Payments increase the balance.
- The transaction on 3/25 should be neutral in this context.

2. Calculate Total Purchases:
- Purchase on 3/6: \$440.15
- Purchase on 3/9: \$35.65
- Total Purchases: \[tex]$440.15 + \$[/tex]35.65 = \$475.80

3. Calculate Total Payments:
- Payment on 3/22: \$250.00

4. Calculate the Net Change:
- Net Change = Total Payments - Total Purchases
- Net Change = \[tex]$250.00 - \$[/tex]475.80 = -\$225.80 (indicating a net decrease)

When we look at the choices provided:
a. \$46.07
b. \$28.66
c. \$21.36
d. \$24.82

We compare each choice to our calculated net change of -\$225.80 to find the closest result. Given that, the best answer corresponds to the correct choice.

Thus, the closest provided choice is:
c. \$21.36

So we choose answer:
C

Other Questions