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LiRa [457]
1 year ago
12

23.7.2 Test (CST): Banking

Business
1 answer:
Tcecarenko [31]1 year ago
7 0

The nine-digit number that determines the bank that a check came from is called is called routing number

<h3>  what is routing transit number?</h3>
  • A routing transit number is a nine-digit number operated to identify a bank or financial institution when earning funds or processing checks.

  • The American Bankers Association (ABA) founded routing transit numbers in 1910. These digits are also used in online banking and removing houses for financial transactions.

  • At the base of a check, you will see three groups of numbers. The first group is your routing number, the double is your account digit and the third is your check digit

To learn more about routing number, refer

brainly.com/question/1312007

#SPJ9

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The partners share profits and losses in the ratio of 5:3:2, respectively. The partners agreed to dissolve the partnership after
vovangra [49]

Answer:

$30,000

Explanation:

The computation of the amount received by Janet is given below:

Loss on sale of other assets is

= $150,000 - $50,000

= $100,000

Share of Janet in loss is

= $100,000 × 5 ÷ 10

= $50,000

So,  

Janet revised capital balance is

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6 0
2 years ago
A student makes the following​ argument: ​"A price floor reduces the amount of a product that consumers buy because it keeps the
Fed [463]

Answer:

The answer is: Yes, the student is right.

Explanation:

Some industries, especially agriculture, work on some unique ways due to their complexity. For instance, the government sets the price floor and the price ceiling for the main crops produced in the country. In order to do this, the government owns and manages huge warehouses and silos.

When the production of crops is higher than usual, the price of that crop will tend to drop because of excessive supply. The government then buys the crop to put a price floor and takes the overstock to its warehouses. That enables the government to control the market so that farmers get a "fair price" for their crops. If the government didn´t do anything, farmers would lose a lot of money and their customers (agricultural corporations) would probably overstock. That at the same time would cause further problems in the future due to lower future sales because the agricultural corporations companies are overstocked.  

When farmers have a bad year due to drought or flooding, their production levels will fall, so the price of the crops would rise due to excessive demand. Then the government sells the crops it had stored previously in its warehouses to put a price ceiling. If the government didn´t do this then a lot of poor people would not be able to buy enough quantities of food.  

3 0
3 years ago
Lusk company produces and sells 15,900 units of product a each month. the selling price of product a is $29 per unit, and variab
Shkiper50 [21]
<span>Decrease by $57,400 per month. Looks look at the cash flow for continuing to produce product a and discontinuing product a. Continuing to produce Income = 15900 * $29 = $461,100 Variable Expenses = 15900 * 23 = $365,700 Fixed overhead = $109,000 Total cash flow = $461,100 - $365,700 - $109,000 = -$13,600 So the Lusk company is losing $13,600 per month while producing product a. Let's see what happens if they stop producing it. Income = $0 Variable Expenses = $0 Fixed overhead = $71,000 Total cash flow = $0 - $71,000 = -$71,000 So if they stop producing it, their fixed overhead decreases, but is still at $71,000 per month, for a total loss per month of $71,000. The conclusion is to either lose $13,600 per month, or $71,000 per month. So if they stop production of product a, their loss per month will increase by $57,400.</span>
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If there's some evidence to support each side's position, which side does m boigues say the arbitrator will rule for?
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Which of the following decisions is mainly a warehouse decision?
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