In the Month of May, Grimm Company Inc

question 32

Multiple Choice

In the month of May, Grimm Company Inc. wrote checks in the amount of $27,750. In June, checks in the amount of $37,974 were written. In May, $25,404 of these checks were presented to the bank for payment, and $32,649 in June. What is the amount of outstanding checks at the end of May?

• A) $5,325
• B) $2,346
• C) $7,671
• D) $10,650

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Definitions:

Change-of-Base Formula

A mathematical rule used to change the base of a logarithm to another base.

Calculator

A calculator is an electronic device or software used for performing mathematical calculations.

Evaluate

To calculate or ascertain the numerical value or result of an expression or function.

Properties

The fundamental rules and characteristics that define mathematical operations, such as commutative, associative, and distributive properties.