Hermes is a luxury brand that primarily sells clothing and accessories. Their products aren't known for discounts, but they are known for quality. Certain products are very distinctive and even have waiting lists for customers who wish to purchase these items. H&M is known as a "fast fashion" brand that also primarily sells clothing and accessories. They are generally not expensive, but very design conscious. They can be found in many malls. Hermes follows the strategy and H&M follows the strategy.

1. what is the lowest balance during this period? 2. lily just received her bank statement below. a. what does the bank think her ending balance is? b. how much more does the bank think lily has? c. what transactions are missing? 3. what is the danger of not balancing your bank account? lily’s bank statement deposits: 2/25 $35 2/26 $20 3/1 $256.32 checks: 2/24 ck #301 $25 2/26 #302 $150 debit card: 2/24 american eagle $75.48 2/25 chick fa la $4.67 2/27 mcdonalds $3.56 2/28 chevron $34.76 withdrawal: 2/27 $40 beginning balance $423.34 deposits $311.32 total debits $333.47 ending balance $401.19