Deposits pp SECTION
Click to edit Master text styles Second level Third level Fourth level Fifth level 2 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 4-1, Slide 2 of Section Objective Compute: total checking account deposit
Click to edit Master text styles Second level Third level Fourth level Fifth level 3 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 4-1, Slide 3 of deposit (p. 166) Money put into a bank account. automatic teller machine (ATM) (p. 166) A bank machine that allows you to deposit or withdraw money electronically using a card. Key Words to Know
Click to edit Master text styles Second level Third level Fourth level Fifth level 4 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 4-1, Slide 4 of personal identification number (PIN) (p. 166) A personal number on a bankcard that gives you access to your bank account electronically. Key Words to Know
Click to edit Master text styles Second level Third level Fourth level Fifth level 5 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 4-1, Slide 5 of Total Deposit = (Currency + Coin + Checks) – Cash Received Formula
Click to edit Master text styles Second level Third level Fourth level Fifth level 6 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 4-1, Slide 6 of What’s the purpose of a deposit slip? Fleet Footed Finances p. 166
Click to edit Master text styles Second level Third level Fourth level Fifth level 7 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 4-1, Slide 7 of Margaret Miller makes a deposit at an ATM. She has a check for $ and a check for $ She would like to receive $40 in cash and deposit the rest in her checking account. What is her total deposit? Example 1
Click to edit Master text styles Second level Third level Fourth level Fifth level 8 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 4-1, Slide 8 of Step: Compute the total checking account deposit. (Currency + Coin + Checks) – Cash Received ($ $55.47) – $40.00 = $ Example 1 Answer
Click to edit Master text styles Second level Third level Fourth level Fifth level 9 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 4-1, Slide 9 of Manuel Romeo has checks for $435.20, $271.19, and $ He has cash consisting of 15 one-dollar bills, 7 five-dollar bills, 3 ten-dollar bills, 24 quarters, 5 dimes, 15 nickels, and 14 pennies. He would like to keep $75 in cash. What is his total deposit? Example 2
Click to edit Master text styles Second level Third level Fourth level Fifth level 10 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 4-1, Slide 10 of Step: Compute the total deposit. Currency: $15 + (7 × $5) + (3 × $10) = $80 Coins: (24 × $0.25) + (5 × $0.10) + (15 × $0.05) + $0.14 = $7.39 Checks: $ $ $ = $1, ($80 + $ $1,034.35) – $75 = $1, Example 2 Answer
Click to edit Master text styles Second level Third level Fourth level Fifth level 11 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 4-1, Slide 11 of Find the total deposit. $ $ $155 Practice 1
Click to edit Master text styles Second level Third level Fourth level Fifth level 12 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 4-1, Slide 12 of $ Practice 1 Answer
Click to edit Master text styles Second level Third level Fourth level Fifth level 13 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 4-1, Slide 13 of Checks: $ and $ Cash: 24 one-dollar bills, 8 five-dollar bills, and 11 ten-dollar bills Coins: 18 quarters, 52 dimes, 57 nickels, and 15 pennies. Practice 2
Click to edit Master text styles Second level Third level Fourth level Fifth level 14 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 4-1, Slide 14 of $1, Practice 2 Answer
Deposits 4-1 END OF SECTION Page Turner Tutorials/Sessions/Training