Concord Pizza's Checkbook Balance Is $1,799

question 70

Multiple Choice

Concord Pizza's checkbook balance is $1,799.59. The bank statement has a balance of $2,314.22. Interest earned on the statement was $35.50. With checks outstanding of $504.13 and a monthly service charge of $25.00, the reconciled balance is:

• A)$793
• B)$1,027.59
• C)$2,046.35
• D)$2,071.35
• E)None of these

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Definitions:

Laid Off

The temporary or permanent dismissal of employees from their job due to business-related reasons like cost-cutting or downsizing.

Illegal Strike

A work stoppage by a group of workers that is not authorized by the relevant labor laws or violates a binding labor agreement.

Union Shop

A workplace where employees are not required to join the union in order to be hired, but must join within a certain period of being employed and remain members as a condition of employment.

Closed Shop

A workplace where only workers who are already members of the union can be hired.