ABC Savings and Loan charges a monthly fee of $10 on checking accounts and an overdraft protection fee of $35. Kendra's check register showed that she had a balance of $490 when she wrote a check for $285. Three days later she realized that her check register had an error and she actually only had $225. So she transferred $350 into her checking account. The next day, her monthly account statement was sent to her. What was the balance on her statement?
ABC Savings and Loan charges a monthly fee of $10 on checking accounts and an overdraft protection fee of $35. Kendra's check register showed that she had a balance of $490 when she wrote a check for $285. Three days later she realized that her check register had an error and she actually only had $225. So she transferred $350 into her checking account. The next day, her monthly account statement was sent to her. What was the balance on her statement?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
100%
48. ABC Savings and Loan charges a monthly fee of $10 on checking accounts
and an overdraft protection fee of $35. Kendra's check register showed that
she had a balance of $490 when she wrote a check for $285. Three days
later she realized that her check register had an error and she actually only
had $225. So she transferred $350 into her checking account. The next day,
her monthly account statement was sent to her. What was the balance on her
statement?
A. $315
B. $265
C. $290
D. $245
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education