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Solve the Problem. -A Manager of a Local Restaurant Had a Bank Balance

Question 48

Multiple Choice

Solve the problem.
-A manager of a local restaurant had a bank balance of $3,592.38 on October 1. During October, the manager deposited $58,913.01 received from sales, $2,164.44 received as credits from suppliers, and
$65.59 as a county tax refund. He paid out $23,442.64 to suppliers, $4,419.77 for rent and utilities,
And $10,943.27 for salaries. What was the manager's final balance at the end of October?


A) $61,143.04
B) $18,744.98
C) $25,929.74
D) $22,337.36

Correct Answer:

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