Lisa Anderson, a college junior, normally prides herself on keeping control of her finances. But the...

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Lisa Anderson, a college junior, normally prides herself on keeping control of her finances. But the fall semester was a disaster. She contracted West Nile virus and was very sick for months. It was an effort just to keep up with her classes, let alone balance her checkbook. Because she had to quit her part-time job, she knew her checking account balance was getting a little low, but she didn't quite realize how low until she got a bank notice indicating that she had overdrawn her account. The disallowed transactions are as follows: Payment to: Valley Electric Authority Corner Market Hot Wok Cafe Johnny's Pizza Account Balance (a) Amount $81.34 $95.42 $13.90 $17.22 $ $-24.77 Your answer is incorrect. Purpose Electric bill Groceries Take-out Chinese Pizza Bank Action Paid Returned check Returned check Returned check Assuming that each retailer (but not the electric company) charges Lisa a penalty of $10 and her bank charges $45 for the first overdraft, how much will this cash management mistake cost Lisa in total? Lisa Anderson, a college junior, normally prides herself on keeping control of her finances. But the fall semester was a disaster. She contracted West Nile virus and was very sick for months. It was an effort just to keep up with her classes, let alone balance her checkbook. Because she had to quit her part-time job, she knew her checking account balance was getting a little low, but she didn't quite realize how low until she got a bank notice indicating that she had overdrawn her account. The disallowed transactions are as follows: Payment to: Valley Electric Authority Corner Market Hot Wok Cafe Johnny's Pizza Account Balance (a) Amount $81.34 $95.42 $13.90 $17.22 $ $-24.77 Your answer is incorrect. Purpose Electric bill Groceries Take-out Chinese Pizza Bank Action Paid Returned check Returned check Returned check Assuming that each retailer (but not the electric company) charges Lisa a penalty of $10 and her bank charges $45 for the first overdraft, how much will this cash management mistake cost Lisa in total?

Answer rating: 100% (QA)

1 Initial Bank overdraft fee 45 2 Cost of Groceries pl... View the full answer