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The Central Think Tank (CTT) receives a separate appropriation from Congress for the acquisition of advanced intelligence-gathering materials. The following is a summary of transactions affecting the CTT's intelligence-gathering material appropriation for the year ended September 30, 2013. Prepare journal entries to record these transactions; state which entries are budgetary and which are proprietary. Also, prepare a statement of budgetary resources. Assume that all resources not obligated by year-end are not available for future obligation. 1. The CTT received an appropriation of $400,000. 2. The OMB apportioned to the agency the entire amount that Congress appropriated. 3. To keep control over its rate of expenditures, the agency used an allotment system. During the year, the entire apportionment was allotted. 4. Commitments placed during the year for intelligence-gathering materials totaled $390,000. 5. Purchase orders issued against the commitments totaled $375,000. 6. Of the intelligence-gathering materials ordered, $360,000 worth was delivered this year; the remaining $15,000 worth will be delivered next year. The delivered materials were accepted and placed in inventory. 7. During the year, intelligence-gathering materials worth $140,000 were consumed in operations. 8. The CTT sent a disbursement schedule to the Treasury requesting payment of the invoice for $360,000 received from the vendor. 9. The Treasury later notified the CTT that the invoice had been paid.
Can "For Free Market Environmentalism" Jan Narveson's position be defended against "Against Free Market Environmentalism" Tony Smith's critique?
The focal point of the discussion this week will be the article by Isaacson on Steve Jobs. After reading the assigned chapter in Bateman and Snell, read the assigned articles in this order: Isaacson, Heifetz, and then Keohane. Based on the styles and..
Why has prototyping become a popular way to develop business applications? What are prototyping's advantages and disadvantages?
Write a summary report for case studes "Personalized Pricing and Quality Differentiation" and "Variable sampling inspection plans with screening indexed by Taguchi's quality loss for optimising average total inspection".
Louis Vuitton and answer the following questions (each question its own subsection): What has made Louis Vuitton’s business model successful in the luxury market? What are the opportunities and challenges for Louis Vuitton in the The United States (o..
What are core business functions of your organization (i.e. employing firm, school, previous employers, or any other organization that you are closely associated with). How does the customer order management process cut across various functional line..
for the year ending june 30 2008 the austin corporation has current assets of 275000 and total assets of 900000. it
time between arrivals at state revenue office is exponential with mean value .05 hour. Office opens at 8:00am. Write exponential distribution which describes interval time.
Define process integration, and explain why this concept is fundamental to modern business operations. Explain the various strategies for the procurement, fulfillment, and production processes. Explain the role of inventory in reducing the interdepen..
Many retailing experts predict that retail stores will never die because online shopping cannot replace the experience of visiting a store. What aspects of visiting a store make it preferable to shopping online for so many people? Describe an example..
Annual demand for the notebook binders at Duncan's Stationery Shop is 10,000 units. Dana Duncan operates her business 300 days per year and finds that deliveries from her supplier generally take 5 working days.
what are the general trade-offs that are involved in waiting line decisions? who needs to be involved in assessing the
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