ABC Corpshows a Ledger Balance of $50,000 Prior to Writing a a Cheque

question 39

Multiple Choice

ABC Corp.shows a ledger balance of $50,000 prior to writing a cheque for $5,000 and depositing $1,000 in cheques.What is the amount of their net float?

• A)$1,000
• B)$4,000
• C)$5,000
• D)$6,000

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Definitions:

Marginal Costs

The cost incurred by producing one additional unit of a product or service.

Economic Returns

The financial gains or profits achieved from an investment or business operation.

Tragedy Of The Commons

A situation in which individual users, acting independently according to their own self-interest, deplete or spoil shared resources, even though it is not in anyone's long-term interest for this to happen.

Equator

An imaginary line around the Earth's surface located equidistant from the North and South Poles, dividing the Earth into the Northern and Southern Hemispheres.