Address the Following Situations Separately

question 43

Essay

Address the following situations separately.
1.For the budgetary year beginning July 1,2014,Coastal City expected the following cash flow resources:
In the budgetary entry,what amount did Coastal City record for estimated revenues?
2.During the fiscal year ended June 30,2014,Western County issued purchase orders totaling $7,000,000.Western County received $6,500,000 of invoiced goods at the encumbered amounts and paid $6,100,000 toward them before year-end.
How much were Western County's encumbrances on July 1,2014?
3.The following information pertains to property taxes levied ($1,035,000 total)by Southern Township for the calendar year 2014:
What amount did Southern Township report for property tax revenues in 2014?
4.The following information pertains to Northern City's general fund for 2014:
At what amount will Northern City's total fund balance increase (decrease)in 2014?

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Definitions:

Supply Chain

A network of all the individuals, organizations, resources, activities, and technology involved in the creation and sale of a product, from the delivery of source materials from the supplier to the manufacturer, through to its eventual delivery to the end user.

Transportation

The movement of goods and individuals from one location to another, utilizing various modes such as road, rail, air, and sea.

Supply Chains

Networks involving the production, handling, and distribution of goods from the point of origin to the consumer, emphasizing efficiency and cost-effectiveness.

Temporal Aggregation

The process of summarizing data over time intervals, which helps in simplifying analysis by reducing the volume of data.