Given the Following Information What Is the Amount That Needs to Be Reimbursed?
A)

question 118

Multiple Choice

Given the following information: $\begin{array}{lrlr}\text { Petty cash balance } & \$ 530.00 & \text { Courier receipt } & \$ 74.22 \\\text { Postage receipt } & \$ 25.00 & \text { Office Supplies receipt } & \$ 95.64 \\\text { Business meal receipt } & \$ 54.21 & \text { Cash on hand at the end of the month }& \$ 299.71\end{array}$
What is the amount that needs to be reimbursed?

• A) $365.27
• B) $289.06
• C) $280.73
• D) $181.22
• E) $230.29

---

Definitions:

Financial Position

A snapshot of a company’s financial condition at a specific moment in time, encompassing assets, liabilities, and equity.

Equity Multiplier

A financial ratio that measures the proportion of a company's total assets financed by its shareholders' equity.

Return On Equity

Return on Equity (ROE) measures a company's profitability by calculating how much profit a company generates with the money shareholders have invested.

Total Asset Turnover

A financial ratio that measures how efficiently a company uses its total assets to generate sales revenue.