Your Firm's Ledger Shows a Balance of $1 Million Which

question 21

Multiple Choice

Your firm's ledger shows a balance of $1 million which reflects today's $75,000 deposit and a cheque for $50,000 that went out in yesterday's mail.What is the bank's ledger balance for your account?

• A)$875,000
• B)$975,000
• C)$1,025,000
• D)$1,125,000 available balance = company's balance - availability float + payment float
• = $1,000,000 - $75,000 + $50,000

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Definitions:

Substantial Autonomy

Describes a significant level of independence or self-direction that an individual or unit has to make decisions.

Communities of Practice

Groups of people who share a concern, a set of problems, or a passion about a topic, and who deepen their knowledge and expertise in this area by interacting on an ongoing basis.

Virtual Teams

Groups of individuals who work together from different geographical locations and rely on communication technologies to collaborate.

Cross-Functional

Cross-functional refers to a situation or project involving members from different departments or areas of expertise within an organization working together.