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3 years ago

What do the three numbers at the bottom of the check stand for?

Business

2 answers:

Vadim26 [7]3 years ago

5 0

Answer:

Routing number, account number and check number

Explanation:

There are three numbers present at the bottom of the check. On the left side or the first number is a nine digit number that is also called RTN, is routing number. This represents the code of the bank where the account was opened.

Second number in the middle is the account number which is a unique number. All transactions are carried out using this number.

The last number on the right side is the check number. It just represents the check number that one is writing to maintain records.

gayaneshka [121]3 years ago

4 0

Routing number, account number and check number

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For the following scenario, calculate the surplus and indicate if it is a producer surplus or a consumer surplus. Alice is willi

Sedaia [141]

Answer:

a) consumer

Explanation:

Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.

Willingness to pay is the highest amount a consumer would be willing to pay for a product. The willingness to pay in this question is $30.

The price of the goods is $35 but Alice would pay ($35 - $10) = $25

The consumer surplus is $30 - $25 = $5

Producer surplus is the difference between the price of a product and the lowest price a supplier would be willing to sell his product.

I hope my answer helps you.

6 0

3 years ago

A customer sells short 100 shares of ABC at $35 and buys 1 ABC Jul 35 Call @ $3. The stock falls to $30 and the customer closes

LUCKY_DIMON [66]

Answer:

The answer is $300 gain.

Explanation:

Operations:

Short 100 shares of ABC at $35 each= 100 * 35 = + $3,500
Buy 1 ABC Jul 35 Call @ $3 (one call equals to 100 shares)= 100 * (3) = $(300), accumulated = + 3,500 - 300 = + 3,200
Closes the option contract at $1 = 100 * 1 = + $100, accumulated = + 3,200 + 100 = + 3,300
Buys the stock at the current market price (buys 100 stock @ $30 each)= 100 * (30) = $(3,000), accumulated = + 3,300 - 3,000 = + $300.

5 0

3 years ago

A firm has earnings before interest and taxes of $27,130, net income of $16,220, and taxes of $5,450 for the year. While the fir

grin007 [14]

Answer:

The correct answer is e. -$4,940.

Explanation:

This problem requires us to calculate the amount of the cash flow to creditors. The cash flow to creditor means all payment made to creditors in form of interest payment or principal payment. The amount borrowed is deducted from it. The detail calculation is given below.

Interest = Earning before interest and taxes - Net income - Taxes

Interest = 27,130 - 16,220 - 5,450

Interest = $ 5,460

Cash flow to creditors = 31,600 + 5,460 - 42,000 = -$ 4,940

6 0

4 years ago

If the number of unemployed workers is 19 million, the number in the working-age population is 500 million, and the unemployment

konstantin123 [22]

Answer:

labor force participation rate= 96.2%

Explanation:

Giving the following information:

Unemployed people= 19 million

Labor force= 500 million

First, we need to calculate the employed people:

Employed population = 500 - 19= 481 million

Now, to calculate the labor force participation rate, we need to use the following formula:

labor force participation rate= (employed people/labor force)*100

labor force participation rate= (481/500)*100

labor force participation rate= 96.2%

4 0

3 years ago

Hi-Tech, Inc., reports net income of $65.0 million. Included in that number are depreciation expense of $5.5 million and a loss

Greeley [361]

Answer:

Net Cash Flows from operating activities is $68.5 million.

Explanation:

The indirect Method would be used here because all we will find the cash expenses and revenues that were converted into within the year and are reported in the income statement by calculating the increase and decrease in the current assets and current liabilities. Here we will also eliminate the non cash expense effects by adding them back.

The net cash flows from operating activities can be calculated using the following method:

Millions

1. Net Income 65

Add Non Cash Deductions

2. Depreciation 5.5

3. Loss on sale of Equipment 1.5

Add / (Less) the increase or 

decrease in current Assets or 

liabilities

4. Increase in Trade Receivables (2.5)

5. Increase in Trade Payables 3.5

6. Increase in inventory (4.5)

Net Cash Flows from operating activities $68.5

4 0

3 years ago