Pleasantville maintains an appropriations ledger for police department supplies. The amount appropriated for supplies was $100,0
00. The ledger shows that two purchase orders were placed, PO A for $35,000 and PO B for $28,000. The supplies ordered on PO B arrived and were accepted; the invoice was for $29,000. At that point, how much of the appropriation was available for spending
In the appropriations ledger, the amount available for spending at any moment is the total appropriation minus expenditures plus outstanding encumbrances.
He is known as a VENDOR. A vendor is a part of the supply chain, he makes goods and services available to companies and consumers. Companies typically provide a vendor with purchase order which clearly states the products that the company wants to buy, the number of units needed, the price, the delivery date and other specifics.
Th economist assume that the goal of objective of the business is to maximize the profit and add value to their business and shareholders as well. The businesses use marginal benefit and marginal cost to measure the value of benefit. Business also has other objectives which support the profit maximization like cost minimization, customer satisfaction etc
