In the Month of May, Lopat Company Inc

question 225

Multiple Choice

In the month of May, Lopat Company Inc. wrote checks in the amount of $46,250. In June, checks in the amount of $63,290 were written. In May, $42,340 of these checks were presented to the bank for payment, and $54,415 in June. What is the amount of outstanding checks at the end of June?

• A) $8,875.
• B) $3,910.
• C) $12,785.
• D) $17,750.

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Definitions:

Culturally Diverse Team

A group of individuals working together who come from a variety of different cultural backgrounds, enhancing creativity and innovation.

Cross-functional Team

A group composed of members from different departments or areas of expertise within an organization, working together towards a common goal.

Developing Offerings

The process of designing, creating, and introducing new products or services to meet the needs of the market or specific customer segments.

Business Consortium

A group of companies that come together for a common purpose, often to pool resources or share expertise in order to achieve a collective goal.