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:

Damages

Compensation sought by or awarded to a party in a legal case due to loss, injury, or harm caused by another party's actions or negligence.

Supply Chain Management

The oversight and control of the movement of goods and services from supplier to customer, optimizing efficiency and cost-effectiveness.

Disintermediation

The removal or reduction of intermediaries in a supply chain, often enabled through direct sales or digital platforms.

Strategic Marketing

A method of planning and executing the conception, pricing, promotion, and distribution of ideas, goods, and services to create exchanges that satisfy both individual and organizational objectives.