The Treasurer for Rahm Corp Rahm Corp'S Adjusted Cash Balance at September 30,2017 Is
A)$34,600

question 116

Multiple Choice

The treasurer for Rahm Corp.was preparing a bank reconciliation as of September 30,2017.The following items were identified: ?
$$\begin{array} { l r } \text { Rahm's book bal ance } & \$ 32,800 \\\text { Deposits in transit } & 4,300 \\\text { Outstanding checks } & 2,200 \\\text { Interest earned on checking account } & 100 \\\text { Customer's NSF check returned by the bank } & 400\end{array}$$ Rahm Corp.'s adjusted cash balance at September 30,2017 is

• A)$34,600.
• B)$34,900.
• C)$32,500.
• D)$32,800.

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Definitions:

APS

Average Propensity to Save, the proportion of total income that is saved by a household or economy.

Saving

The act of setting aside a portion of income for future use, typically in a bank account or other secure investment.

Disposable Income

Resources meant for household spending and saving once income tax obligations are settled.

APC

The average propensity to consume, which is the fraction of total income that is spent on consumption as opposed to being saved.