Answer: $352,000
Explanation:
The information needed to calculate the cash and cash equivalent are:
Balance in checking account, Bank of the East = $ 382,000
The restricted cash included in the checking account = $49,000
Treasury bills = $19,000
We subtract the restricted cash from the balance in the checking account and then add it to the treasury bills. This will be:
= ($382,000 - $49,000) + $19,000
= $333,000 + $19,000
= $352,000
It is called an agent. They are the person who concurs and is approved to follow up for another, a central, to legitimately tie a person specifically business exchanges with outsiders as per an organization relationship.
The agent is the gathering who is lawfully approved to follow up for the primary in the key's business exchange. The specialist owes the primary a guardian obligation. This implies the specialist is committed to act to the greatest advantage of the main. The central owes the operator a few obligations too.
Answer:
the organization agrees to pay the contractor for the cost of performing the service or providing the goods plus a profit.
Explanation:
A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.
There are different types of contract in business and these includes: fixed-price contract, cost-plus contract, bilateral contract, implies contract, unilateral contract, adhesion contract, unconscionable contract, option contract, express contract, cost reimbursable contract, etc.
In a cost reimbursable contract, the organization, which is the client agrees to pay the contractor for the cost of performing the service or providing the goods plus a profit.
This ultimately implies that, a client such as a business organization that enters into a cost reimbursable contract with another party such as a contractor, agrees to pay the contractor an agreed amount of money upon the completion or execution of the contract.
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