Wright company's cash account shows a $27,700 debit balance and its bank statement shows $26,000 on deposit at the close of business on may 31. the may 31 bank statement lists $110 in bank service charges; the company has not yet recorded the cost of these services. outstanding checks as of may 31 total $5,700. may 31 cash receipts of $6,300 were placed in the bank’s night depository after banking hours and were not recorded on the may 31 bank statement. in reviewing the bank statement, a $410 check written by smith company was mistakenly drawn against wright’s account. the bank statement shows a $580 nsf check from a customer; the company has not yet recorded this nsf check. prepare its bank reconciliation using the above information.

Susie buys two goods - rounds of golf and massages. suppose that the price of a round of golf is $20, and the price of a massage is $30. in a typical week susie will play two rounds of golf, getting 20 units of satisfaction from the second round. she normally buys three massages each week, with the third giving her 30 units of satisfaction. if she were to buy a fourth massage in a week, it would give her 20 units of satisfaction. if the price of massages is reduced to $15, which of the following outcomes might we expect to occur? a) susie would leave her consumption choices unchanged because of diminishing marginal utility in the consumption of massages. b) susie would buy more massages and more rounds of golf, as predicted by the substituion effect. c) susie would buy more massages and fewer rounds of golf, as predicted by the substitution effect. d) susie would buy more massage and fewer rounds of golf, as predicted by income effect.