The Bank Statement Balance Is $6,450 and Shows a Service

question 70

Multiple Choice

The bank statement balance is $6,450 and shows a service charge of $30, interest earned of $25, and an NSF check for $475. Deposits in transit total $1,850; outstanding checks are $1,125. What is the adjusted bank balance?

• A)$7,175
• B)$7,655
• C)$5,725
• D)$5,970

Recognize the principles of the control process, including the steps involved and their significance.

Understand the significance of involving employees in the goal-setting and objectives process.

Comprehend the concept and application of program evaluation and review technique (PERT), including critical path analysis.

Identify and explain the concepts of positive reinforcement and the exception principle in organizational control and performance management.

---

Definitions:

Statement of Purpose

A written document outlining an individual's intentions and objectives in a specific context, often used in academic and professional settings to explain motivations and goals.

Corporate Bylaws

Internal rules governing the operation of a corporation, detailing the rights and responsibilities of the directors, officers, and shareholders.

Articles of Incorporation

A set of formal documents filed with a government body to legally document the creation of a corporation.

Organizational Meeting

The initial meeting held by the founders or directors of an organization, corporation, or other entity to establish its structure and operations.