Answer:
b $19,000
Explanation:
The reconciliation between the book balance and the bank statement examines the transactions recorded in either account but omitted in the other and the transactions recorded wrongly in both accounts.
Given the following transactions
Cash in Bank - checking account = $18, 500
Cash on hand = $500
Post dated checks received = $3 500 and
Certificates of deposits = $24,000
Cash balance in balance sheet = $18, 500 + $500 + $24,000
= $43,000
The post dated check is not included as the cash is yet to be received. The balance in the post dated check will form part of the receivables balance and not that of cash.
The certificate of deposit may be accounted for as part of cash and cash equivalent as shown in the computation above. Where the certificate of deposit is accounted for as a short term investment,
Cash balance in balance sheet = $18, 500 + $500 = $19,000
Answer: True
Explanation: The IT department of an organization is responsible for managing everything related to technological resources and would not necessarily be related to the company's own activities, but they have to work hand in hand to provide the best technological solutions.
For example: a food distribution industry, should have good resources in inventory technology, or in GPS system for transport, are technological resources but are not the same as business.
Transactional leadership
Transactional leadership is a
leadership style that deals with the function of supervision, organization, and
employee’s performance to achieve high job performance. Leaders who carryout this
style focuses on specific tasks and use rewards and punishments to motivate followers.
Answer:
Customer relationship management
Explanation:
Customer relationship management is a strategy used in most organisation in which official make plan to retain their customers. They analyse the data about the customer, their professional history, their gross profit, nature of business etc. These all process help to boost the growth of company to the next level.
Answer:
Amount of money invested is $2,000 and $4,000
Explanation:
In this question, we are asked to calculate how much was invested in two different accounts given the amount of money invested in both accounts.
Let the amount of money invested in both accounts be a and b respectively.
Mathematically;
A + B = 6000 ......I
Now we use the formula for simple interest to check the amount that is supposed to be made on Both accounts if he end of a year.
Formula for simple interest is I = PRT/100
Let’s apply this to what is on ground:
5*1* a/100 = 5a/100
Second is
9*b*1/100 = 9b/100
That is 5a + 9b = 38,000. ........ii
Solving Both simultaneously as follows:
Let A = 6000-b from 1
Substitute this into 2
5(6000-b) + 9b = 38,000
30,000 -5b + 9b = 38,000
4b = 8,000
b =$2000
This means a would be 6000 - 2,000 = $4000
