Helen City issued a purchase order on 05/10/19 for supplies with an estimated cost of $8600. An Encumbrance of $8600 was recorded at that time. When the supplies and accompanying invoice were received on 08/13/19, the invoice indicated a $9200 actual price. For what amount should Helen City debit Expenditures on 08/13/19? BE SURE TO TYPE A SIMPLE NUMBER WITH NO COMMAS OR DOLLAR SIGNS. FOR EXAMPLE, TYPE 1000 INSTEAD OF $1,000.

Helen City issued a purchase order on 05/10/19 for supplies with an estimated cost of $8600. An Encumbrance of $8600 was recorded at that time. When the supplies and accompanying invoice were received on 08/13/19, the invoice indicated a $9200 actual price. For what amount should Helen City debit Expenditures on 08/13/19? BE SURE TO TYPE A SIMPLE NUMBER WITH NO COMMAS OR DOLLAR SIGNS. FOR EXAMPLE, TYPE 1000 INSTEAD OF $1,000.

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

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Financial decisions

Financial decisions are important choices that individuals and businesses make about how to use their money. Financial decisions can impact a person or company's short-term and long-term financial stability. Decisions like whether to save, invest, or spend money, whether to take on debt or what kind of insurance to purchase, are some common financial decisions. Decisions on how to manage risks, such as the risk of losing money if investments do not perform as expected or the risk of not having enough money saved for retirement, are also a part of financial decision-making.

Question

Helen City issued a purchase order on 05/10/19 for supplies with an estimated cost of $8600. An Encumbrance of
$8600 was recorded at that time.
When the supplies and accompanying invoice were received on 08/13/19, the invoice indicated a $9200 actual price.
For what amount should Helen City debit Expenditures on 08/13/19?
BE SURE TO TYPE A SIMPLE NUMBER WITH NO COMMAS OR DOLLAR SIGNS. FOR EXAMPLE, TYPE 1000 INSTEAD OF
$1,000.
Your Answer:

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