Answer:
These are identification numbers used to identify the bank, your account number, and the check number.
Explanation:
Every check has a set of three numbers at the bottom. The routing number, account number, and check number.
The routing number is at the bottom left corner. It a nine-digit code used to identify the financial institution associated with the check. Each and every financial institution has a unique routing number.
The account number is in the middle of the three numbers. The account number is private and unique to every customer.
The check number is the last one and is a four-digit number. It identifies a check drawn by a particular customer.
Therefore, the numbers on a check are for identification and tracking purposes.
Answer:
Trial balance
Particulars Debit Credit
Cash $6,000
Account receivable $10,800
Equipment $30,000
Account payable $6,000
Common Stock $36,000
Dividend $2,400
Sales revenue $17,200
Administrative expense $8,000
Utilities expense <u>$2,000 </u> <u> </u>
Total <u>$59,200</u> <u>$59,200</u>
Answer: B.both stocks are equally good investments
Explanation:
The options are;
A.it is better to buy shares in Bad Firm
B.both stocks are equally good investments
C.it is better to buy shares in Good Firm
D.both stock prices react equally to the same information
From the question, we are informed that Good Firm is highly profitable and will grow rapidly in the future while Bad Firm faces the same risks but barely makes a profit and will not grow at all. It should be noted that In an efficient market, both stocks are equally good investments.
Answer:
D.Medicare
Explanation:
Medicare tax is imposed on employed workers to cater for medicare expenses for people aged 65 years and above. The medicare tax also caters to younger persons and people living with disabilities who qualify under specific criteria.
Medicare is financed by the Federal government through the taxes collected from employers and employees.
