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cupoosta [38]
3 years ago
11

For strong controls over cash​ receipts, the checks to be deposited should be sent to the​ treasurer, and the remittance advices

should be sent to the accounting department. T/F
Business
1 answer:
Tema [17]3 years ago
5 0

Answer:

The correct answer is True.

Explanation:

The two areas are responsible for the physical management of any economic transaction of the entity, therefore effective control means the custody of said documents for proper internal management of financial information. Both checks and remittances are care transactions that must be properly supported.

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Money markets are markets for_________.
Mila [183]

Answer:

e. Short-term debt securities such as Treasury bills and commercial paper.

Explanation:

The money market is a branch of financial markets that trade in short-term, high liquidity debt instruments. The money markets create an opportunity for investors and borrowers to buy and sell different types of short term financial securities. The short-term securities maturity period ranges from one day to less than 12 months.

The securities that trade in market markets are called money market instruments. They include commercial papers, Eurodollar deposits, treasury bills, federal agency notes, and certificates of deposit. The money markets are important because they enable companies with temporary financial shortfalls to borrow money by selling money market instruments. They also give companies with cash surplus a platform to invest and earn interests.

8 0
3 years ago
A man uses a loan program for small businesses to obtain a loan to help expand his vending machine business. The man borrows ​$2
seraphim [82]

Answer:

The ammount due at the end of the loan adds for $27,456

Explanation:

If the payment is in full at maturity, the man must pay the principal of 26,000 plus the interest during the period of 4 years.

It is important to notice that the loan is done at simple interest, so the interest does not capitalize.

Ammount$-due = 26,000 * (1 + 0.014 * 4) = 27,456

3 0
3 years ago
Transactional leaders do not ________.
kykrilka [37]

Option C, Transactional leaders do not focus on worker input regarding assigned goals.

<u>Explanation: </u>

Transactional leadership is an essential component of the Full Range Leadership model and a leadership style focussed on oversight, organization, and performance.

A number of senior military personnel, CEOs of large global companies and NFL trainers are regarded as transactional leaders. Transactional management also works efficiently in police agencies and first responders.  

Transactional leaders use rewards and penalties to get their followers to respect them. Furthermore, transaction leaders don't care in relation to transition management for the welfare of workers they are foreign motivators that give the followers’ minimal adherence.

Examples of few transactional leaders: Vince Lombardi, Bill Gates and Howard Schultz.

6 0
3 years ago
The difference between a financial aid package and total cost of collage can be made up by ______.
Gennadij [26K]
Personal savings and student loans
6 0
2 years ago
Read 2 more answers
A business becoming incorporated is an example of risk ____.
kap26 [50]

<span>A business becoming incorporated is an example of risk management.</span>

When a business becomes incorporated it is trying to protect the assets of the company. By assessing and making a risk management decision to become incorporated they are protecting themselves and the company as a whole. 

7 0
3 years ago
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