A federal agency received allotments of $95,000.It does not use commitment accounting.It placed three orders totaling $70,000,received all the supplies ordered,and approved invoices totaling $73,000 for the three orders.It then consumed $55,000 of those supplies.It then placed another order for $12,000,but the agency has not yet received delivery.How much of the agency's allotment is available for additional obligation?

Question

Quizplus · Accepted Answer

The Answer of A federal agency received allotments of $95,000.It does not use commitment accounting.It placed three orders totaling $70,000,received all the supplies ordered,and approved invoices totaling $73,000 for the three orders.It then consumed $55,000 of those supplies.It then placed another order for $12,000,but the agency has not yet received delivery.How much of the agency's allotment is available for additional obligation?

A Federal Agency Received Allotments of $95,000