Fitzgerald Company Wrote Checks Totaling $34,160 During October and $37,300

question 82

Multiple Choice

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?

• A) $2,860
• B) $1,680
• C) $2,540
• D) $3,140

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Definitions:

Heuristic Approach

A problem-solving strategy that employs a practical method, not guaranteed to be optimal, perfect, or rational, but sufficient for reaching an immediate goal.

Analytic Approach

A method of problem-solving by breaking a complex topic or substance into smaller parts to gain a better understanding of it.

Naive Physics

Naive physics is the common-sense understanding of the physical world that people develop based on their everyday experiences, often without formal education in physics.

Object Persistence

The property of an object to continue existing even when it is not being perceived or observed.