BusIness application- Affordable Flower Shop, Inc., uses a large amount of supplies in its business. The following table summarizes selected transaction data for supplies that Affordable purchased:
|
order
A
|
Date Shipped
June 26
|
Date Received
July 5
|
Amount
$ 600
|
|
B
|
July 10
|
July 15
|
1,500
|
|
C
|
July 16
|
July 22
|
800
|
|
D
|
July 23
|
July 30
|
1,200
|
|
E
|
July 27
|
Aug. 1
|
1,500
|
|
F
|
Aug. 3
|
Aug. 7
|
1,000
|
Determine the total purchases of supplies for July alone under each of the following assumptions:
1. Affordable recognizes purchases when orders are shipped.
2. Affordable recognizes purchases when orders are received.