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:

Highball Technique

A strategy often used in negotiations where an extremely high initial offer is made to reset the negotiation boundaries.

Attributional Tendencies

The habitual ways a person explains the causes of their own and others' behaviors and events.

External Causes

Factors outside an individual that can influence their behavior or actions, such as environmental, social, or economic conditions.

Internal Causes

Factors within an individual, such as personal beliefs, attitudes, or emotions, that can influence their behavior or outcomes.