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3 years ago

The second number given with a hazard class is referred to as

1 answer:

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The division is the second number given to a hazard class. According to Wikipedia.com, the "HAZMAT Class 2 in United States law includes all gases which are compressed and stored for transportation. Class 2 has three divisions: Flammable (also called combustible), Non-Flammable/Non-Poisonous, and Poisonous." Furthermore, it is one of the safety precautions done by the U.S. to regulate volatile and poisonous compounds.

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Consider the following comments about absorption- and variable-costing income statements:

Lostsunrise [7]

Answer:

E) I, II, and III.

Explanation:

Variable costing can be regarded as a concept of managerial accounting cost

whereby during the period of producing the product there is incurred

manufacturing overhead.

Absorption costing income statement, utilize absorption costing when creating income statement. The income statement focus on the cost through sectioning of cost into period cost and product.

It should be noted that

I. A variable-costing income statement discloses a firm's contribution margin.

II. Cost of goods sold on an absorption-costing income statement includes fixed costs.

III. The amount of variable selling and administrative cost is the same on absorption- and variable-costing income statements.

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3 years ago

On January 1, Bargain Company's Valuation Allowance for Trading Investments account had a debit balance of $18,500. On December

natulia [17]

Answer:

3) Unrealized Gain on Trading Investments of $1,500.

Explanation:

By January 1, Bargain Company had recognized a $18,500 gain on their investment (the valuation allowance account had a debit balance = gain). By the end of the year, the gain on the investment had increased to $20,000 (= $100,000 - $80,000), so you need to recognize an additional gain of $1,500 (= $20,000 - $18,500).

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3 years ago

Madrid Company has provided the following data (ignore income taxes):

Romashka [77]

Answer:

C.Retained earnings increased $33,900 during 2014.

Explanation:

Total expenses during the year=Revenue- net income

=77,500-33,900

=$43,600

Therefore, option A. is correct

Total Liabilities=Total assets-total equity

=217,000-123,000

=$94,000

Therefore, option B. is correct

The formula for calculating Retained earnings is given as follows:

Retained earnings at year end=Opening retained earnings+net income-dividend paid.

83,000=opening retained earnings+33,900-5,700

opening retained earnings=83,000-33,900+5,700

=54,800

Change in retained earnings=closing retained earnings-opening retained earnings

Change in retained earnings=83,000-54,800=28,200

Therefore, Option C. is not correct

Common stock at December 31, 2014=total equity-total retained earnings

=123,000-83,000

=$40,000

Therefore, Option D. is correct

Based on the above discussion the answer is C.Retained earnings increased $33,900 during 2014.

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3 years ago

Read 2 more answers

Assume Fiona is willing to pay $8 for a pizza cutter. Tim also wants one, but is only willing to pay $6 for one. At a pizza bake

Delicious77 [7]

Answer

The question is incomplete; assuming that the market price is $5.

The answer will be consumer surplus decreases.

Explanation:

Consumer surplus is a measure of consumer welfare. It is measured as the difference between what customers are willing and able to pay for a good and the price they actually pay.

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4 years ago

Rory is the CFO of McIlroy Golf Designs Inc. MGDI earned $13 million last year and maintains a 30% dividend payout ratio. The co

BaLLatris [955]

Answer:

Price per share of MGDI's stock is $78

Explanation:

Earnings per share=Total earnings/Shares of common stock outstanding

=(13/2)=$6.5

PE ratio=Stock price/Earnings per share

Stock price=$6.5*12

=$78.

5 0

3 years ago