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Quarterly allotments were as follows:
Q1 - $5,750,000
Q2 - $7,000,000
Q3 - $5,250,000
Q4 - $6,000,000
On December 31, 201X, budget reports showed expenditures of $12,500,000 and encumbrances of $800,000. Taking encumbrances into consideration, what is the status of Library System spending as of December 31?
1. Operations were fully consistent with plan
2. Over plan by $550,000
3. Under plan by $550,000
4. Under plan by $650,000
$714 billions
$857 billions
$1000 billions
$2188 billions
Quarterly allotments were as follows:
Q1 - $5,750,000
Q2 - $7,000,000
Q3 - $5,250,000
Q4 - $6,000,000
On December 31, 201X, budget reports showed expenditures of $12,500,000 and encumbrances of $800,000. Taking encumbrances into consideration, what is the status of Library System spending as of December 31?
Explanation / Answer
5. (TCO C) Appropriation to the State Library System (fiscal year starts July 1) for fiscal year 201x was $24,000,000.
Quarterly allotments were as follows:
Q1 - $5,750,000
Q2 - $7,000,000
Q3 - $5,250,000
Q4 - $6,000,000
On December 31, 201X, budget reports showed expenditures of $12,500,000 and encumbrances of $800,000. Taking encumbrances into consideration, what is the status of Library System spending as of December 31?
Under Plan by = Budgeted Expenditure + Encumbrances - Allotment of Expenditure till dec 2011
Under Plan by = 12500000 + 800000 - (5750000 + 7000000)
Under Plan by = $ 550000
Answer
3. Under plan by $550,000
TCO B) Current-dollar government purchases were $1,750 billion in 2010. With 2000 as the base year, assume the price deflator for 2010 is 175 (or, 1.75 if you don't multiple by 100). In real dollars, the year 2000 government purchases would be which of the following (rounded to the nearest billion)? (Points : 4)
In real dollars, the year 2000 government purchases would be = 1750/1.75
In real dollars, the year 2000 government purchases would be = $ 1000 Billion
Answer
$1000 billions
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