The Bank's Routing Number ________

question 254

Multiple Choice

The bank's routing number ________.

• A) contains 10 digits
• B) identifies the bank upon which the payment is drawn
• C) includes the account number of the business
• D) is not shown on the check

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Definitions:

Consigned Goods

Items that are given to a third party to sell but remain the property of the seller until sold.

Net Income

The total earnings of a company after subtracting all expenses, taxes, and losses from its total revenues, indicating its profitability.

Purchase Returns

Goods returned by the purchaser to the supplier due to defects, excess supply, or other reasons, often resulting in a refund or credit.

Cost of Goods Sold

The direct financial costs required for the manufacture of a company’s products, involving materials and labor expenses.