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Given the Following Information What Is the Amount of Cash Over and Short?
A)

question 91

Multiple Choice

Given the following information:  Petty cash balance $450.00 Courier receipt $82.50 Postage receipt $48.00 Office Supplies receipt $56.22 Business meal receipt $102.34 Cash on hand at the end of the month $76.21\begin{array}{lrlr}\text { Petty cash balance } & \$ 450.00 & \text { Courier receipt } & \$ 82.50 \\\text { Postage receipt } & \$ 48.00 & \text { Office Supplies receipt } & \$ 56.22 \\\text { Business meal receipt } & \$ 102.34 & \text { Cash on hand at the end of the month } & \$ 76.21\end{array}
What is the amount of cash over and short?

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Definitions:

Net Operating Income

A financial metric that calculates a company's profit after subtracting operating expenses but before interest and taxes.

Single Product

A business strategy or market condition where a company focuses on and sells only one product.

Absorption Costing

A costing method that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed overhead - in the price of a product.

Net Operating Income

The profit a company makes after deducting operating expenses from gross income, excluding interest and taxes.

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