The Fire Department of a Certain City Received an Appropriation

question 37

Multiple Choice

The Fire Department of a certain city received an appropriation in the amount of $13,000,000 for the fiscal year ended December 31,2015.During the month ended January 31,2015,the following transactions occurred: (a) purchase orders were issued in the amount of $480,000; (b) purchase orders,related to (a) above,were filled in the amount of $380,000; the related invoice amount was $368,000; invoices were paid in the amount of $350,000; (c) salaries were accrued and paid in the amount of $575,000; (d) the appropriation was increased in amount of $100,000. The amount available for the Fire Department as of January 31,2015 would be:

• A) $11,787,000.
• B) $12,077,000.
• C) $12,057,000.
• D) $12,137,000.

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Definitions:

Upward Slope

A graphical representation in which a line or curve moves higher as it progresses from left to right, indicating an increase in the variable being measured.

Price Of Gasoline

The amount of money charged per unit volume of gasoline, affected by factors such as crude oil prices, taxes, supply, and demand.

Price Of Oil

The cost per barrel of crude oil as determined by global markets.

Supply Of Gasoline

The supply of gasoline refers to the total quantity of gasoline that producers are willing and able to sell at various prices over a certain period, influenced by factors like production costs and global oil prices.