Math / Numbers & Operations

QuestionWhat is the ending balance on this account after these transfers are completed? \begin{tabular}{|c|l|c|} \hline Beginning Balance & $\$ 1,000.00$ \\ \hline 19-jul & ACH Outgoing Transfer & $\$(780.00)$ \\ \hline 20-Jul & Incoming App Transfer & $\$ 1,700.00$ \\ \hline 23 - Jul & ACH Incoming Transfer & $\$ 30.00$ \\ \hline 24- Jul & E-bill Pay Utilities & $\$(114.00)$ \\ \hline \end{tabular} $\phi[?]$

Studdy Solution

STEP 1

1. The beginning balance is $\$1,000.00$ .
2. Each transfer affects the balance either by increasing it (incoming transfers) or decreasing it (outgoing transfers).
3. The goal is to sequentially apply each transfer to the balance and find the ending balance.

STEP 2

1. Start with the beginning balance.
2. Apply the outgoing transfer on 19-Jul.
3. Apply the incoming transfer on 20-Jul.
4. Apply the incoming transfer on 23-Jul.
5. Apply the outgoing transfer on 24-Jul.
6. Compute the final balance after all transactions.

STEP 3

Start with the beginning balance. $\text{Beginning Balance} = \$1,000.00$

STEP 4

Apply the outgoing transfer on 19-Jul. $\text{Balance after 19-Jul} = \$1,000.00 - \$780.00 = \$220.00$

STEP 5

Apply the incoming transfer on 20-Jul. $\text{Balance after 20-Jul} = \$220.00 + \$1,700.00 = \$1,920.00$

STEP 6

Apply the incoming transfer on 23-Jul. $\text{Balance after 23-Jul} = \$1,920.00 + \$30.00 = \$1,950.00$

STEP 7

Apply the outgoing transfer on 24-Jul. $\text{Balance after 24-Jul} = \$1,950.00 - \$114.00 = \$1,836.00$

STEP 8

The final balance after all transactions is: $\text{Ending Balance} = \$1,836.00$

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Studdy Solution

STEP 1

1. The beginning balance is $\$1,000.00$ .
2. Each transfer affects the balance either by increasing it (incoming transfers) or decreasing it (outgoing transfers).
3. The goal is to sequentially apply each transfer to the balance and find the ending balance.

STEP 2

1. Start with the beginning balance.
2. Apply the outgoing transfer on 19-Jul.
3. Apply the incoming transfer on 20-Jul.
4. Apply the incoming transfer on 23-Jul.
5. Apply the outgoing transfer on 24-Jul.
6. Compute the final balance after all transactions.

STEP 3

Start with the beginning balance. $\text{Beginning Balance} = \$1,000.00$

STEP 4

Apply the outgoing transfer on 19-Jul. $\text{Balance after 19-Jul} = \$1,000.00 - \$780.00 = \$220.00$

STEP 5

Apply the incoming transfer on 20-Jul. $\text{Balance after 20-Jul} = \$220.00 + \$1,700.00 = \$1,920.00$

STEP 6

Apply the incoming transfer on 23-Jul. $\text{Balance after 23-Jul} = \$1,920.00 + \$30.00 = \$1,950.00$

STEP 7

Apply the outgoing transfer on 24-Jul. $\text{Balance after 24-Jul} = \$1,950.00 - \$114.00 = \$1,836.00$

STEP 8

The final balance after all transactions is: $\text{Ending Balance} = \$1,836.00$

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Studdy Solution

STEP 1

1. The beginning balance is $1,000.00\$1,000.00$1,000.00.2. Each transfer affects the balance either by increasing it (incoming transfers) or decreasing it (outgoing transfers).3. The goal is to sequentially apply each transfer to the balance and find the ending balance.

STEP 2

1. Start with the beginning balance.2. Apply the outgoing transfer on 19-Jul.3. Apply the incoming transfer on 20-Jul.4. Apply the incoming transfer on 23-Jul.5. Apply the outgoing transfer on 24-Jul.6. Compute the final balance after all transactions.

STEP 3

Start with the beginning balance. Beginning Balance=$1,000.00 \text{Beginning Balance} = \$1,000.00 Beginning Balance=$1,000.00

STEP 4

Apply the outgoing transfer on 19-Jul. Balance after 19-Jul=$1,000.00−$780.00=$220.00 \text{Balance after 19-Jul} = \$1,000.00 - \$780.00 = \$220.00 Balance after 19-Jul=$1,000.00−$780.00=$220.00

STEP 5

Apply the incoming transfer on 20-Jul. Balance after 20-Jul=$220.00+$1,700.00=$1,920.00 \text{Balance after 20-Jul} = \$220.00 + \$1,700.00 = \$1,920.00 Balance after 20-Jul=$220.00+$1,700.00=$1,920.00

STEP 6

Apply the incoming transfer on 23-Jul. Balance after 23-Jul=$1,920.00+$30.00=$1,950.00 \text{Balance after 23-Jul} = \$1,920.00 + \$30.00 = \$1,950.00 Balance after 23-Jul=$1,920.00+$30.00=$1,950.00

STEP 7

Apply the outgoing transfer on 24-Jul. Balance after 24-Jul=$1,950.00−$114.00=$1,836.00 \text{Balance after 24-Jul} = \$1,950.00 - \$114.00 = \$1,836.00 Balance after 24-Jul=$1,950.00−$114.00=$1,836.00

STEP 8

The final balance after all transactions is: Ending Balance=$1,836.00 \text{Ending Balance} = \$1,836.00 Ending Balance=$1,836.00

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1. The beginning balance is $\$1,000.00$ .
2. Each transfer affects the balance either by increasing it (incoming transfers) or decreasing it (outgoing transfers).
3. The goal is to sequentially apply each transfer to the balance and find the ending balance.

1. Start with the beginning balance.
2. Apply the outgoing transfer on 19-Jul.
3. Apply the incoming transfer on 20-Jul.
4. Apply the incoming transfer on 23-Jul.
5. Apply the outgoing transfer on 24-Jul.
6. Compute the final balance after all transactions.

Start with the beginning balance. $\text{Beginning Balance} = \$1,000.00$

Apply the outgoing transfer on 19-Jul. $\text{Balance after 19-Jul} = \$1,000.00 - \$780.00 = \$220.00$

Apply the incoming transfer on 20-Jul. $\text{Balance after 20-Jul} = \$220.00 + \$1,700.00 = \$1,920.00$

Apply the incoming transfer on 23-Jul. $\text{Balance after 23-Jul} = \$1,920.00 + \$30.00 = \$1,950.00$

Apply the outgoing transfer on 24-Jul. $\text{Balance after 24-Jul} = \$1,950.00 - \$114.00 = \$1,836.00$

The final balance after all transactions is: $\text{Ending Balance} = \$1,836.00$