70.9k views
3 votes
An expense account balance is off by $1,500. This account experienced credits of $450, $750, $2,500 during the month. Which amount was most likely credited more than once?

1 Answer

7 votes

The correct option is a.

The amount most likely credited more than once is $450.

To determine which amount was most likely credited more than once, we need to find a combination of the given credits that results in an imbalance of $1,500.

Let's analyze each credit amount one by one:

1. Credit of $450:

  • If we assume this credit was applied only once, it would reduce the imbalance by $450.
  • Imbalance remaining: $1,500 - $450 = $1,050

2. Credit of $750:

  • If we assume this credit was applied only once, it would reduce the imbalance by $750.
  • Imbalance remaining: $1,500 - $750 = $750

3. Credit of $2,500:

  • If we assume this credit was applied only once, it would reduce the imbalance by $2,500.
  • Imbalance remaining: $1,500 - $2,500 = -$1,000

Now, let's consider different combinations of these credits to see which one results in an imbalance of $1,500:

a) Using two credits of $450:

  • 2 x $450 = $900
  • Imbalance remaining: $1,500 - $900 = $600

b) Using one credit of $450 and one credit of $750:

  • $450 + $750 = $1,200
  • Imbalance remaining: $1,500 - $1,200 = $300

c) Using one credit of $2,500:

Imbalance remaining: $1,500 - $2,500 = -$1,000

Based on these calculations, it appears that the combination of credits that results in an imbalance of $1,500 is using two credits of $450. Therefore, the answer is $450.

The complete question is here:

An expense account balance is off by $1,500. This account experienced credits of $450, $750, $2,500 during the month. Which amount was most likely credited more than once?

a) $450

b) $750

c) $2,500.

User Chance
by
8.5k points