Calculate,from the Following Information Accumulated by Bob Clark,the Adjusted Cash

question 79

Multiple Choice

Calculate,from the following information accumulated by Bob Clark,the adjusted cash balance at the end of April.
$$\begin{array} { | l | r | } \hline \text { Bank statement ending cash balance } & \$ 3,000 \\\hline \text { General ledger cash balance ending } & 4,250 \\\hline \text { Bank monthly service charge } & 45 \\\hline \text { Deposits in transit } & 2,500 \\\hline \text { Outstanding checks } & 1,500 \\\hline \text { NSF check returned with bank statement } & 205 \\\hline\end{array}$$

• A)$4,000
• B)$4,250
• C)$4,205
• D)$5,500

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Definitions:

Sample Size

The number of observations or subjects used in a study or experiment, which represents a portion of the population being studied.

Test Statistic

A value calculated from sample data used to determine whether to reject the null hypothesis in a statistical test.

Critical Value

A threshold value in hypothesis testing that defines the boundary for rejecting the null hypothesis; it depends on the chosen significance level.

Null Hypothesis

A default hypothesis that there is no effect or no difference, and any observed deviation in data is due to chance.