Problem

The Village of Lester had appropriations of $250,000 for the current fiscal year. If $175,...

The Village of Lester had appropriations of $250,000 for the current fiscal year. If $175,000 worth of items has been ordered but only $150,000 of the $175,000 has been received, what amount can city officials order prior to year-end? What happens if they have not spent the full $250,000 prior to year-end?

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Solutions For Problems in Chapter 20