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ololo11 [35]
3 years ago
14

What are the three types of check endorsements used to deposit checks into a bank account? A. Blank endorsement, in-person endor

sement, and mobile endorsement B. Company endorsement, full endorsement, and individual endorsement C. Blank endorsement, full endorsement, and restrictive endorsement D. Business endorsement, personal endorsement, and restrictive endorsement
Business
1 answer:
Elenna [48]3 years ago
7 0

Answer:

Blank endorsement, Restrictive endorsement, and Special endorsement

Explanation:

<u>Blank Endorsement</u> - This is the most common type used. it's endorsed by the payee and presented to the bank for cash or deposit.

<u>Restrictive Endorsement</u> - This is done by writing "For deposit only" in the endorsement area instead of the payee signing his name. This type of endorsement is only to be deposited to the payee's account at his financial institution.

<u>Special Endorsement</u> - This is used when the payee wishes to sign a check over to another person. This is done by the payee signing his name, then writing "Pay to the order this person". This new payee then signs his name in the endorsement area and crahses or deposits the check.

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3 years ago
1. Dominic Joseph deposits $5,000 in a new savings account at his local bank. The account pays 5.5 percent interest compounded a
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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.

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3 years ago
d. Suppose that the increase in input price does not occur but, instead, that productivity increases by 25% percent. What would
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decreased by 20%

Explanation:

Supposed we have input price of $30,000 and it produced an output of 300 units on the first year of operation. The cost per unit on the first year is $100 each ($30,000/300).

On the second year we still have the same input expense of $30,000 but the productivity output increased by 25%. So we have 375 units produced on the second year’s operation. The new cost per unit would be $30,000/375=$80 per unit.

Therefore we conclude that based on the example given, the new unit cost per product decreases by 20%.

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3 years ago
During its most recent fiscal year, Dover, Inc. had total sales of $3,200,000. Contribution margin amounted to $1,500,000 and pr
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Answer:

Fixed costs= 1,100,000

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Giving the following information:

During its most recent fiscal year, Dover, Inc. had total sales of $3,200,000. Contribution margin amounted to $1,500,000 and pretax income was $400,000.

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3 years ago
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