Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. assume a federal agency has the following events:

Assume a federal agency has the following events: Receives a warrant from the Treasury notifying...

50.1K

Verified Solution

Question

Accounting

Assume a federal agency has the following events: Receives a warrant from the Treasury notifying the agency of appropriations of $5,350,000. OMB apportions one-fourth of the appropriation for the first quarter of the year. The director of the agency allots $1,202,000 to program units. Program units place orders of $865,000. Supplies ($141,500) and services ($582,500) are received during the first quarter. Supplies of $130,000 were used in the quarter. Accounts payable were paid in full. Required: Prepare a schedule showing the status of the appropriation at the end of the first quarter.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

Consider a locus with two alleles - B and b. B is dominant, while b is...

Physics
1.2K views

A red ball is thrown down with an initial speed of 1.4 m/s from a height...

Electrical Engineering
1.2K views

Let x[n] = cos(17?n 64 ) + 2sin(23?n 32 ) for 0 ? n ?...

Finance
1.2K views

You invest $100 in a risky asset with an expected rate of return of 15% and...

Biology
1.2K views

The normal pH of blood is 7.35-4.45. The normal pCO2 level is 35-45mmHg. John has...

Biology
1.2K views

passing another vehicle you should

Physics
1.2K views

NEET AIIMS 18 A policeman on duty detects a drop of 10 in the pitch...

Algebra
1.2K views

Question 60 of 60 An unlicensed individual assisted her neighbor in the sale of her...

Accounting
1.2K views

Demarco Lee invested $50,000 in the Camden & Sayler partnership for ownership equity of $50,000....

Accounting
1.2K views

Suppose Lattin Corp.'s breakeven point is revenues of 1,500,000. Fixed costs are 720,000. 1. Compute...

Accounting
1.2K views

You are a tax professional and have been asked to complete a tax return for...

Finance
1.2K views

Explain the main features of exchange traded funds, including the creation/redemption process. - What are...