Answer: The $4.05 market price
Explanation: Air-tite can buy or sell Hydrol at $4.05. If they decide to accept the order, there has to be a higher return on the use of Hydrol in the return than they would get from selling Hydrol as is.
There may also be an opportunity cost to using the product for this special order if there is an order that would yield higher returns for the use of Hydrol.
The quantity that would remain after making the special order does not have any impact on the decision making process, as they are considering just one order that requires Hydrol.
The purchase price is not relevant as they cannot purchase Hydrol at that price in the present. The total quantity is not relevant either as they have enough for the order.
The delegates requested that each state write a constitution during the Second Continental Congress.
Answer and Explanation:
The Journal entries are shown below:-
Interest expense Dr, $316,800
Premium on bonds payable Dr, $19,200 ($96,000 ÷ 5)
To Interest payable $336,000 ($4,800,000 × 7%)
(Being interest expense and bond premium amortization is recorded)
Here we debited the interest expenses and premium on bonds as it increased the expenses and we credited the interest payable as it also increased the liabilities
The federal law that regulates the degree to which employees can be exposed to hazardous substances and must be supplied with safe working conditions and equipment is Federal Hazardous Substances Act (FHSA) .
The Federal Hazardous Substances Act (FHSA) requires precautionary labeling on the immediate container of hazardous household products to help users safely store and use those products and to give them information about immediate first aid steps to take if an accident happens.
The Act also allows the Consumer Product Safety Commission to ban certain products that are so threatening or the nature of the hazard is such that the labeling the act requires is not adequate to protect consumers.
The Act requires hazardous household products ("hazardous substances") to bear labeling that alerts consumers to the potential hazards that those products present and that suggests what they need to do to protect themselves and their children from those hazards.
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