The Federal Monuments Commission Began Operations on October 1,2011

question 30

Essay

The Federal Monuments Commission began operations on October 1,2011.Show in general journal form all entries that should be made in budgetary and proprietary accounts of the agency to record the following events:
A.The Congress passed,and the President signed,a one-year appropriation for fiscal year 2012 for the Monuments Commission in the amount of $30,000,000.
B.The OMB notified the agency of the following apportionments of the 2012 appropriation: first quarter,$8,000,000; second quarter,$8,000,000; third quarter,$7,000,000; and fourth quarter,$7,000,000.
C.The Commission Director allotted $1,500,000 for the operations of October 2011.
D.Commitments for goods and services not yet ordered or received were recorded in the amount of $1,300,000.
E.Purchase orders and contracts for services were recorded for the month of October 2011 in the amount of $1,250,000.

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Definitions:

Power Curve

A graphical representation used in statistics to show the probability of rejecting the null hypothesis at various effect sizes.

Power of the Test

The probability that a statistical test will correctly reject a false null hypothesis, indicating the test's ability to detect an effect when there is one.

Confidence Interval Estimate

A range of values derived from sample statistics that is likely to contain the value of an unknown population parameter, with a certain level of confidence.

99%

Often refers to a confidence level in statistics, indicating that there is a 99% chance the results fall within a specified range.