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

question 190

Multiple Choice

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

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

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Definitions:

Working Capital

A firm’s investment in short-term assets—cash, marketable securities, inventory, and accounts receivable.

MVA

Market Value Added, a measure of a company's financial performance representing the difference between the market value of a firm and the capital contributed by investors.

Market Value Added

A calculation that shows the difference between the market value of a company and the capital contributed by investors.

Economic Value Added

A measure of a company's financial performance based on the residual wealth calculated by deducting cost of capital from its operating profit.