If Your Quiz Scores for MAT 101 Are 85 92

question 73

Multiple Choice

If your quiz scores for MAT 101 are 85 92 75 100 and 69 what is your quiz average?

• A) 421
• B) 84.2
• C) 4.21
• D) 75
• E) 105.25

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Definitions:

Promissory Note

An economic device featuring a documented pledge from one side to transfer a predetermined amount of funds to the other, upon request or at a certain future time.

Insufficient Funds

A situation where an account does not have enough money to cover withdrawals or transactions, often leading to fees or declined transactions.

Credit Memo

A document issued by a seller to a buyer, reducing the amount the buyer owes to the seller under the terms of an existing invoice, often due to a return or a rebate.

Bank Reconciliation

The process of matching and comparing the account balance according to the bank statement with the balance recorded in the company’s own accounting records to identify discrepancies.