SOLUTION: One month, the Taylor family had cash receipts of $876.16. Their excess of cash receipts above cash payments was $56.14. What were the total cash payments for the month? A. $932

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Question 1196888: One month, the Taylor family had cash receipts of $876.16. Their excess of cash receipts above cash payments was $56.14. What were the total cash payments for the month?
A. $932.30
B. $56.14
C. $820.02
D. $763.88
Would A. be correct?
Found 2 solutions by ewatrrr, ikleyn:
Answer by ewatrrr(24785)   (Show Source): You can put this solution on YOUR website!

Hi

One month, the Taylor family had cash receipts of $876.16
'excess' of cash receipts 'above cash payments' was $56.14. 
What were the total cash payments for the month?  876.16- 56.14 = $820.02

The idea is, as I am understanding it...they had more receipts than
cash actually spent.
Wish You the Best in your Studies.


Answer by ikleyn(52781)   (Show Source): You can put this solution on YOUR website!
.

First step is to read the problem attentively.

Second step is to read and re-read it attentively until you get a clear idea and full understanding on what do they want from you.

The necessary condition is to have your mind turned on (like an electric bulb).


Regarding the following steps,  you have two basic opportunities:

        (a)   calculate the answer manually on the sheet of paper,  using a pen or a pencil,  possible with an eraser;

        (b)   or to use your calculator.


Choose any of these two opportunities and move forward step by step,  as instructed.


Making calculations correctly is very important deal  (skill)  in Finance  (and everywhere else,  as well),
so I wish you to get a final result correctly  ( ! )



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