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

Question 3

Multiple Choice

Solve the problem.
-A manager of a local restaurant had a bank balance of $3,881.90 on October 1. During October, the manager deposited $54,218.97 received from sales, $2,599.85 received as credits from suppliers, and
$94.75 as a county tax refund. He paid out $23,181.97 to suppliers, $4,263.53 for rent and utilities,
And $10,881.46 for salaries. How much did the manager deposit in October? How much did the
Manager pay out?


A) Deposits: $60,795.47
Paid out: $34,445.06
B) Deposits: $56,913.57
Paid out: $34,445.06
C) Deposits: $56,913.57
Paid out: $38,326.96
D) Deposits: $60,795.47
Paid out: $38,326.96

Correct Answer:

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