The General Ledger of Broadway Contains the Following Selected Account

question 3

Multiple Choice

The general ledger of Broadway contains the following selected account balances:
Broadway wants to order additional goods and services before the fiscal year end.What is the unencumbered balance of the budget that may be expended by Broadway?

• A)$850,000
• B)$760,000
• C)$180,000
• D)$130,000

---

Definitions:

Huge Market

A significantly large sector of the economy with high demand for products or services, often leading to ample business opportunities.

Contracted Price

The specific amount agreed upon by parties for goods or services in a contract.

Buyer's Right to Cover

The right of a purchaser to buy goods from another source if the original seller fails to fulfill the contract.

UCC

Uniform Commercial Code; a comprehensive set of laws governing all commercial transactions in the United States.