An Imprest Petty Cash Fund of $400 Was Established for Minor

question 23

Multiple Choice

An imprest petty cash fund of $400 was established for minor disbursements. At the end of the month the fund included petty cash tickets for the purchase of $185 in supplies, $41 for postage, $86 for fuel and a delivery charge of $65. How much cash is left in the fund if there is no shortage or overage?

• A)$ 23
• B)$ 88
• C)$174
• D)$377

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Definitions:

Add Fractions

The process of combining two fractions with a common denominator to form a single fraction.

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Refers to the state of an algebraic expression when it has been reduced to the most basic or simplified version without changing its value.

Reciprocal

The inverse of a number or expression; for a nonzero number \(x\), its reciprocal is \(1/x\).

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A term used to describe an expression, fraction, or other mathematical entity that has been reduced to its most basic form, eliminating any common factors or simplifying variables.