When Chris Balanced Her Business Checkbook,she Had an Adjusted Bank

question 48

Multiple Choice

When Chris balanced her business checkbook,she had an adjusted bank balance of $11,418.She had 2 outstanding deposits worth $879 each and 11 checks outstanding with a total value of $3,648.What is the amount of the collection float on this account?

• A)-$1,890
• B)$1,758
• C)$3,648
• D)$5,406
• E)$6,012

---

Definitions:

Full Warranty

A comprehensive warranty that covers repair or replacement of any defect in a product during the warranty period.

Implied Warranty

A legal assumption that a product will perform as expected without explicit statements by the seller regarding its quality or performance.

Warranty Of Merchantability

A legal guarantee that a product sold by a merchant fits its ordinary purposes and meets the buyer’s expectations.

Breach

The violation or non-fulfillment of a legal obligation, agreement, or law.