FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Explain why​ $1.19 is the greatest amount of money it is possible to have without being able to make change for a dollar. Choose the correct answer below.

 

When coins are selected that total​ $1.19 but do not allow change for a​ dollar, adding one more of any type will then allow change to be made for a dollar.​ Therefore, it is not possible to have more than​ $1.19 without being able to make change for a dollar.

 

B.

It is not possible to have more than​ $1.19 without being able to make change for a dollar because the problem did not allow nickels to be part of the pool of​ change, and it would require nickels to be able to have more than​ $1.19 without being able to make change for a dollar.

 

C.

It is possible to have more​ $1.19 and still not be able to make change for a dollar. The statement is incorrect.

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