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

question 84

Multiple Choice

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

What is the amount that needs to be reimbursed?

• A) $365.27
• B) $289.06
• C) $373.79
• D) $289.00
• E) $450.00

---

Definitions:

Market Equilibrium

A situation in a market where the quantity supplied equals the quantity demanded at a certain price point.

Price Floor

A government or group-imposed price control or limit on how low a price can be charged for a product, service, or commodity, usually intended to ensure fair conditions for producers.

Shortage/Surplus

A market condition where the quantity demanded exceeds the quantity supplied (shortage) or where the quantity supplied exceeds the quantity demanded (surplus).

Price Floor

A price floor is a government- or group-imposed price control or limit on how low a price can be charged for a product, often above the equilibrium price.