Use the Following to Answer the Next Two Questions

question 94

Multiple Choice

Use the following to answer the next two questions:
The City of Park Ridge reported appropriations in the amount of $17,000,000 for its General Fund for the fiscal year ended December 31, 2014. During that year, expenditures amounted to $16,200,000 (related to current year purchase orders) and $900,000 (related to prior year purchase orders) . In addition, $700,000 in encumbrances had been issued this year, but not filled. Park Ridge follows the budgetary procedure where encumbrances do not lapse.
-In its 2014 Budgetary Comparison Schedule,the amount Park Ridge reports for expenditures (and encumbrances,if applicable) would be:

• A) $17,700,000.
• B) $17,100,000.
• C) $16,200,000.
• D) $16,900,000.

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Definitions:

Gambler's Fallacy

The inaccurate belief that when something is happening more frequently than is typical during a particular time, it will subsequently happen less frequently, or the other way around.

Maladaptiveness

A trait or behavior that is counterproductive to an individual's well-being or ability to meet demands of the environment.

Incompetence

The lack of ability, qualification, or capacity to perform a specified job or task effectively.

Personal Distress

Negative feelings and emotions that an individual experiences as a result of witnessing others in distress.