When using the wet method, holding the spray nozzle too close to the brake surface may cause asbestos fibers to be airborne, thus, it is dangerous to one's health. Any particles from the asbestos that get into one's lung can cause irritation and illness. Brake dust can be very harmful and should be handled with caution! One common ingredient in brake pads is asbestos, which is very harmful if inhaled.
Answer:
The Contingent liability to be recorded for this lawsuit on the current balance sheet is $0.
Explanation:
A Contingent liability is recorded when the chances are probable and the amount can be reasonably estimated.
As in the given case it is not probable that the company will lose the case, no Contingent liability to be recorded.
Therefore, The Contingent liability to be recorded for this lawsuit on the current balance sheet is $0.
Answer:
36.36%
Explanation:
Return on investment is given as;
Profit / Cost of goods sold × 100%
Given that profit is $12,000 and sales is $45,000 ;
Cost of goods sold
= $45,000 - $12,000
= $33,000
Therefore, return on investment is
= 12,000 / 33,000 × 100%
= 36.36%
Answer:
a. A 1% increase is a positive output gap decreases the unemployment rate by 0.5%
Explanation:
Okuns law looked at the relationship between unemployment and output empirically.
It states that that for every 1% increase in the unemployment rate, positive output gap falls by roughly 2%.
I hope my answer helps you.
