Question

1. another word meaning to balance your checking account. equalize debit reconcile re balance 8. you have made bank deposits of $1,227.09, $29.78, $437.18, $277.36, $33.98, $15.21 and $117.00. what was your mean deposit for the month? $277.36 $305.37 $356.27 $437.18 9. which formula best expresses your monthly ending balance? a. beginning balance + withdrawals + deposits = ending balance b. beginning balance + withdrawals - deposits = ending balance c. beginning balance - withdrawals + deposits = ending balance d. beginning balance - withdrawals - deposits = ending balance

Explanation:

Question 8

Step1: Calculate total deposits

Add all the deposit amounts:
$$1227.09 + 29.78+437.18 + 277.36+33.98+15.21+117.00$$
$$=(1227.09+29.78)+437.18 + 277.36+33.98+15.21+117.00$$
$$=1256.87+437.18 + 277.36+33.98+15.21+117.00$$
$$=(1256.87+437.18)+ 277.36+33.98+15.21+117.00$$
$$=1694.05+ 277.36+33.98+15.21+117.00$$
$$=(1694.05+277.36)+33.98+15.21+117.00$$
$$=1971.41+33.98+15.21+117.00$$
$$=(1971.41+33.98)+15.21+117.00$$
$$=2005.39+15.21+117.00$$
$$=(2005.39+15.21)+117.00$$
$$=2020.6+117.00$$
$$=2137.6$$

Step2: Calculate the mean

The mean (average) is calculated by dividing the total by the number of deposits. There are \(n = 7\) deposits.
Mean\(=\frac{2137.6}{7}=305.3714\approx305.37\)

When calculating the ending balance of an account, the formula is based on the principle that withdrawals (money taken out) decrease the balance and deposits (money put in) increase the balance. Starting with the beginning balance, we subtract withdrawals (because they reduce the amount of money in the account) and add deposits (because they increase the amount of money in the account).

Answer:

\(\$305.37\)

Question 9