Question
Q 2 Free balance Vs. Unexpended balance (7 Points) Charlotte City approves the purchase of two snowplow machines from John Deere Company for an estimated
Q2 Free balance Vs. Unexpended balance (7 Points)
Charlotte City approves the purchase of two snowplow machines from John Deere Company for an estimated price of $500,000 as $250,000 for each. On Jan.10th the first snowplow machine been ordered, on Jan. 21st the machine arrived with an invoice of $246,000. On November5th the second machine been ordered, the second machine arrived on Dec. 15th along with an invoice of $252,000. Please calculate the following as shown on the specified dates below:
Jan. 15
Jan. 28
Nov. 10
Dec. 20
Unexpended balance
Un-encumbered (free) balance
Q2 Free balance Vs. Unexpended balance (7 Points)
Charlotte City approves the purchase of two snowplow machines from John Deere Company for an estimated price of $500,000 as $250,000 for each. On Jan.10th the first snowplow machine been ordered, on Jan. 21st the machine arrived with an invoice of $246,000. On November5th the second machine been ordered, the second machine arrived on Dec. 15th along with an invoice of $252,000. Please calculate the following as shown on the specified dates below:
| Jan. 15 | Jan. 28 | Nov. 10 | Dec. 20 |
Unexpended balance |
|
|
|
|
Un-encumbered (free) balance |
|
|
|
|
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started