In the Month of May, Kijak Company Inc

question 150

Multiple Choice

In the month of May, Kijak Company Inc. wrote checks in the amount of $84,000. In June, checks in the amount of $114,000 were written. In May, $75,000 of these checks were presented to the bank for payment, and $99,000 in June. What is the amount of outstanding checks at the end of May?

• A) $9,000
• B) $15,000
• C) $24,000
• D) $30,000

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Definitions:

Carbon-based Emissions

Carbon-based emissions refer to gases like carbon dioxide that are released into the atmosphere as a result of burning fossil fuels and which contribute to global warming and climate change.

Capitalist System

An economic system based on private ownership of the means of production and the creation of goods or services for profit.

Classless Society

A society in which no classes exist, and the social divisions based on economic status are absent.

Social Change

The alteration over time in the structure, cultural patterns, and norms of a society, often resulting from factors like technological innovations, economic shifts, or social movements.