23. Andy Eichel deposits the money he made at his garage sale into his savingsaccount. He has 47 twenty-dollar bils, 51 ten-dollar bills, 25 five-dollar bills, and36 one-dollar bills. What is his total deposit?*O $1,310O $1,611O $1,711O $1,81124. Francois DuFresne deposits $350.00 in a savings account. The account paysan annual interest rate of 4%. He makes no other deposits or withdrawals. Afterd How murh simple interest did bis mooL.cA

Calculation of total amount are as follows:

Answered: 23. Andy Eichel deposits the money he…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Naomi Greenwell fills out a deposit slip for her saving account. She deposits a check for $445.96. She also has $215.44 in cash and $23.17 in coins. What is her total deposit?
Martin makes a deposit and has these bills: 18 ones, 3 fives, 12 tens, and 6 twenties. He also has 10 nickels, 6 dimes, and 15 quarters and checks for $25.65 and $15.50. Martin wishes to receive $25 in cash. What will he enter on the NET DEPOSIT line of the deposit slip?
2. On April 1 Kendrick opened a savings account at a bank that paid 3.55 $1,000. On April 20 he withdrew $500. On April 30 the bank calculated the daily percent interest. His initial deposit was $3,200. On April 9 he deposited another interest. a) How much simple interest did his money earn? b) How much was in the account after the bank calculated the daily interest on April 30?
Abe Cassidy wants to deposit the following into his savings account: 32 one-dollar bills, 4 five-dollar bills, 32 quarters, 25 dimes, 82 pennies a check for $43. 56 and a check for $122.90. He wants to receive a $50.00 bill in cash. How much will he deposit? 25 dms = 2.50 E 32 Pennies =80.92 32+20+8+2.50t082 4 five dollr bill = Ys=20 t43.567#12270 32 onc dollr bin = 32 32.9.26mts 13. Alec Tomita's savings account statement is shown below. What is his new balance? - 22978- い79.78 Previous Balance $568.23 Interest Deposits Withdrawals $2.37 $562.32 S874.36 568.23 t 2.37 + 5t2.82 -874.36 3258:56 14. Rosa Izquierdo has cheeks for $50.00 and $35.00. She also has 2 twenty-dollar bills. She would like to receive $25.00 in cash and deposit the rest in her saving account. What is the total deposit??
a. Illustrate and record the following events on a T account John deposits his $10,000 paycheck into his checking account at Chase Bank b.Chase Bank deposits the check at the Fed and Fed collects the funds for Chase Bank c.What happens to a bank's reserves when it receives a deposit? d.John withdraws $2000 cash and pays his rent. His landlord deposits the $2000 in Citi Bank
June Peters deposits $6400 in a savings account at her bank. When she withdraws the money 8 months later, she receives a check for $6453.33. Assume simple interest and find the rate of interest paid by the bank.
Mr. Khalid has a current account in a bank with a credit balance of RO 97,000. He has withdrawn cash of RO 1,000 through ATM machine and paid RO 24,400 to his creditor by cheque. After these transactions his current account balance will be: a. RO 71,600 b. RO 51,600 c. RO 71,400 d. RO 21,600
9. Liam borrowed $12,500 for 5 months from a bank using a 2% discount note. a) How much interest did Liam pay the bank for the use of its money? b) How much did he receive from the bank? c) What was the actual rate of interest he paid?
Erin O’Malley looked over her savings account statement. Her previous balance was $981.93. She made deposits of $150.00, $80.00, and $120.00. In addition, her money earned $1.63 in interest. She withdrew $45.17. What is her new balance?
6 Trey James sold his bike and received a check for eighty-five dollars and 50 cents. What is the amount of the check written as a numeral? 7 Jen Jones earned $25 house work, $23.50 dog sitting, and $56.80 selling things on Offer Up. She put all but $11.20 into her checking account. What was her total deposit? 8 The cashier collected money from her clients and made a deposit into her account at the end of the day. The deposit included 7 one dollar bills, 14 ten-dollar bills, 18 twenty-dollar bills, 2 one-hundred-dollars bills, and checks totaling $473.25. What was the total deposit? 9 Rick John is making a deposit into his checking account. The checks that he has to deposit are in the amount of $535.80, $426.50 and $112.10. He would like to receive $100 in cash. What will his total deposit be? 10 Write the amount $1,345.92 in correct word form. 11 Wes Chow purchased 5 books for $15.79 each. Write the amount of the check expressed in words. 12 Rob Litner had a balance of $875.24 in his…
For Problems 6 and 7, use the deposit slips below to show your total deposit. 6. Randy Houck deposited his paycheck (bank 64-931) for $385.15, a refund check (bank 15-641) from a mail order purchase for $125.95, and 1 twenty dollar bill, 7 one-dollar bills and 2 dimes. He does not want any cash back. Cash Currency Coins Checks List Separately 64-931 Subtotal Less Cash Received Dollars Total Deposit 548 Cents 30
An individual spends $100 per day. Suppose that this person pays for all her purchases using her credit card. She withdraws no money from her bank account until the morning of the fourth day, when she withdraws the whole amount necessary to pay for her credit card purchases over the previous four days. Calculate the amount of money this person withdraws each time she goes to the bank. She will withdraw $ 400. (Enter your response as a whole number.) Compute this person's money holdings at the beginning of each of the next four days. For day 1, money holdings are $ For day 2, money holdings are $ (Enter your response as a whole number.) (Enter your response as a whole number.) For day 3, money holdings are $ (Enter your response as a whole number.) (Money holdings are at the beginning of the day before she makes any For day 4, money holdings are $ payments.)

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23. Andy Eichel deposits the money he made at his garage sale into his savings account. He has 47 twenty-dollar bils, 51 ten-dollar bills, 25 five-dollar bills, and 36 one-dollar bills. What is his total deposit?* O$1,310 O$1,611 O$1,711 O$1,811