Albee township’s fiscal year ends on june 30. albee uses encumbrance accounting. on april 5, year 1, an approved $1,000 purchase order was issued for supplies. albee received these supplies on may 2, year 1, and the $1,000 invoice was approved for payment. what journal entry should albee make on april 5, year 1, to record the approved purchase order?

Arestaurant that creates a new type of sandwich is using (blank) as a method of competition.

Banana computers has decided to procure processing chips required for its laptops from external suppliers instead of manufacturing them in their own facilities. how will this decision affect the firm? a. the firm will be protected against the principal-agent problem. b. the firm's administrative costs will be low because of necessary bureaucracy. c. the firm will have more flexibility in purchasing and comparing prices of goods and services. d. the firm will have high-powered incentives, such as hourly wages and salaries.

Lycan, inc., has 7.5 percent coupon bonds on the market that have 8 years left to maturity. the bonds make annual payments and have a par value of $1,000. if the ytm on these bonds is 9.5 percent, what is the current bond price? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) current bond price