If Ruskin receives a check and deposits it in its checking account, the float amount is $300,000.
<h3>What is the float amount?</h3>
The float amount is the amount that a customer's account reads in the bank at a particular point in time.
The float amount is usually briefly counted twice due to time gaps in registering a deposit and processing the paper checks.
Thus, if Ruskin receives a check and deposits it in its checking account, the float amount is $300,000.
Learn more about the float amount in the bank at brainly.com/question/24161262
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Answer:
The future value is $6,894.21
Explanation:
Giving the following information:
Dominic Joseph deposits $5,000 in a new savings account. The account pays 5.5 percent interest compounded annually.
To calculate the future value, we need to use the following formula:
FV= PV*(1+i)^n
PV= 5,000
i= 0.055
n=6
FV= 5,000*(1.055)^6= $6,894.21
Answer:
Consumerism: An organized movement of citizens and government agencies to improve the rights and power of buyers in relation to sellers.
Explanation:
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