Meng Co. maintains a $300 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date represent $80 for office supplies, $160 for merchandise inventory, and $20 for miscellaneous expenses. There is a cash shortage of $8. Based on this information, the amount of cash in the fund before the replenishment is:

A. $32.
B. $40.
C. $300.
D. $48.
E. $260.


Answer: A

Business

You might also like to view...

When Amy goes shopping for clothes, she goes into every store in the mall looking for the best deal. She

is very price conscious. On the basis of loyalty status, Amy can be described as ________. A) a switchcer B) a split loyal C) a shifting loyal D) a hard-core loyal E) an antiloyal

Business

All of the following are reasons for a company to repurchase its previously issued stock, except:

a. to support the market price of the stock b. to resell to employees c. to increase the shares outstanding d. for bonuses to employees

Business

Marketers typically focus on brand ________ in choosing the points-of-parity and points-of-difference

that make up their brand positioning. A) equity B) awareness C) benefits D) architecture E) extensions

Business

What organization was created in 1918 to educate the public about nonprofit organization behavior in order to reduce incidents of charity fraud?

A. BoardSource B. Independent Sector C. Internal Revenue Service D. National Charities Information Bureau

Business