Is it important to impress your audience with weighty words like "pursuant" or "accordance"?

The bank statement reported an ending balance of $58,480 after deducting $880 in service charges and an addition of $18,000 for a note collected by the bank on the Cherokee Company's behalf. The company books reported an ending balance of $38,760, and determined that deposits in transit equal $22,400 and outstanding checks equal $25,000.

What is the adjusted cash balance? Select one: A. $22,400 B. $47,880 C. $55,880 D. $28,160

The yield to maturity for the three-year zero-coupon bond is closest to ________

The following table summarizes prices of various default-free zero-coupon bonds (expressed as a percentage of face value): Maturity (years) 1 2 3 4 5 Price (per $100 face value) 94.52 89.68 85.40 81.65 78.35 A) 5.40% B) 2.70% C) 10.80% D) 0.15%