In the Month of November (Its First Period of Operations)

question 87

Multiple Choice

In the month of November (its first period of operations) Gavin Company Inc.wrote checks in the amount of $55500.In December checks in the amount of $75948 were written.During November $50808 of these checks were presented to the bank for payment and $65298 during December.What is the amount of outstanding checks at the end of December?

• A)$10650.
• B)$15342.
• C)$4692.
• D)$21300.

---

Definitions:

1950s

A decade marked by post-World War II recovery, economic prosperity in many countries, and significant socio-cultural developments.

1970s

A decade known for major economic changes, including shifts in political ideologies, oil crises, and the movement towards globalization.

1990s

A decade characterized by significant technological advancement, globalization, and cultural shifts, spanning from 1990 to 1999.

Trade Pact

is an agreement between two or more nations regarding the conditions of trade between them, often aiming to reduce barriers and increase trade.