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

question 157

Multiple Choice

Given the following information:
$$\begin{array} { l r l r } \text { Petty cash balance: } & \$ 450.00 & \text { Courier receipt: } & \$ 82.50 \\\text { Postage receipt: } & \$ 48.00 & \text { Office Supplies receipt: } & \$ 56.22 \\\text { Business Meal receipt: } & \$ 102.34 & \text { Cash on hand at the end of the month: }& \$ 76.21\end{array}$$
What is the amount that needs to be reimbursed?

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

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Definitions:

Goal

A desired result or outcome that a person or organization envisions, plans, and commits to achieve.

Simple Interest

Interest calculated only on the principal amount, without compounding.

Account

A record or statement that details financial transactions and their impact on an entity's financial position.

Guaranteed Annual Rate

The minimum annual return promised to an investor by an investment product, regardless of market conditions.