Adam’s bank account has a balance of $1213.69 before he starts spending money. he makes the following transactions: transaction cost ($) car payment 260.16 groceries 97.98 parking ticket 75.00 dvd box set 115.35 antique lamp 68.53 suit 331.84 adam is considering getting his car a new paint job. doing so will have a total cost of $264.83. can adam afford this? a. yes, he can make the purchase and still have money left over. b. yes, but doing so will clear out his account. c. no, purchasing that would overdraw his account. d. no, he is overdrawn already.

b. Yes, but doing so will clear out his account

Explanation:

To solve this problem we must take Adam's initial bank account balance ($1213.69) and subtract all of his expenses in order to check if he has enough money left to get his car a new paint job:

After all the transactions, Adam is left with $264.83 in his account which is exactly the cost to get a new paint job. Therefore, Adam can afford it but doing so will clear out his account.

b. Yes, but doing so will clear out his account

Explanation:

To solve this problem we must take Adam's initial bank account balance ($1213.69) and subtract all of his expenses in order to check if he has enough money left to get his car a new paint job:

After all the transactions, Adam is left with $264.83 in his account which is exactly the cost to get a new paint job. Therefore, Adam can afford it but doing so will clear out his account.