Question

You just found out that the balance in one of the company’s bank accounts dropped below $0 to –$425.59. now you must adjust the balance to include the $30 penalty that the bank will charge, and then transfer funds from another of the company’s accounts. what is the balance after the penalty and before you transfer any funds?

a.–$395.59
b.–$425.29
c.–$425.89
d.–$430.59
e.–$455.59

Answer 1

The balance after the $30 penalty is assessed on the initial - $425.59 balance is - $455.59. This balance reflects the company's account status before any transfer of funds. the correct option is e.–$455.59 .

Step-by-step explanation:

The initial balance of the company's bank account is -$425.59:

When the bank charges a $30 penalty for the negative balance, the new balance can be found by adding the penalty to the negative balance. So, we calculate the new balance as - $425.59 (initial negative balance) + (-$30.00 penalty). The sum is equal to - $425.59 - $30.00 which equals -$455.59, which represents the balance after the penalty and before transferring any funds.

To adjust the balance to include the $30 penalty, you add $30 to the current balance of -$425.59. This gives us: -$425.59 + $30 = -395.59. Therefore, the balance after the penalty and before transferring any funds is option a. –$395.59.

The relationship between the total charges of the two objects before and after the transfer is that the total charges increase by $30 due to the penalty