Logistics Company had the following items listed in its trial balance at 12/31/2018: Balance in checking account, Bank of the East $ 382,000 Treasury bills, purchased on 11/1/2018, mature on 1/30/2019 19,000 Loan payable, long-term, Bank of the East 330,000 Included in the checking account balance is $49,000 of restricted cash that Bank of the East requires as a compensating balance for the $330,000 note. What amount will Logistics include in its year-end balance sheet as cash and cash equivalents

$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

explanation: doctrine of respondeat superior is a legal doctrine that is commonly used in tort. this principle makes an employer or principal legally responsible for the wrongful acts done by an employee or agent, if such acts occur within the scope of the employment or agency.