1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
gulaghasi [49]
3 years ago
12

Ace Hauling, Inc., has been transporting industrial tailings for companies around the Minneapolis/St. Paul area for the past dec

ade. The site at which the tailings were dumped has been designated at a CERCLA Superfund site. Ace Hauling's board of directors voted to sell Ace to a new corporation created by legal counsel for Ace. All of Ace's assets, liabilities and contracts will be transferred to the new corporation whose owners are unaware of Ace's history. By creating the new corporation and transferring the assets: a. Ace can avoid liability under CERCLA. b. Ace has done nothing to change its CERCLA liability. c. Ace can avoid any contractual liability under CERCLA. d. Ace eliminates its liability if its directors have no say in running the new corporation. e. none of the above
Business
1 answer:
natulia [17]3 years ago
7 0

Answer: The correct answer is "b. Ace has done nothing to change its CERCLA liability."

Explanation: CERCLA is the Comprehensive Environmental Response, Compensation and Responsibility Act and was designed to promote cleaning, maintenance and protection of the environment against hazardous waste.

Those responsible for releasing dangerous substances are identified to take care of their cleaning through the superfunds, therefore by creating the new corporation and transferring the assets: Ace has done nothing to change its CERCLA liability.

You might be interested in
Sound Audio manufactures and sells audio equipment for automobiles. Engineers notified management in December 2021 of a circuit
denis-greek [22]

Answer:

Sound Audio

Yes.  This loss should be accrued.

Explanation:

Accruing the loss contingency gives the readers of the financial statements an early warning of the probable existence of a future loss.  A loss contingency arises from a probable future event, which gives rise to an adverse outcome from a lawsuit.  Since the cost of the loss can be reasonably estimated and the product recall is virtually certain, it is prudent for Sound Audio to provide for this loss in its December 2021 financial statements.

3 0
2 years ago
What is operating leverage, and how does it affect a firm's business risk?a. Show the operating break-even point if a company ha
raketka [301]

Answer:

$10

Explanation:

cause 1f

6 0
3 years ago
An investment adviser representative may describe dollar cost averaging to a customer as:______
grigory [225]

To buy a certain security using dollar cost averaging, an investor must make regular payments (let's say monthly) of a set dollar amount (let's say $100 per month).

<h3> What is dollar cost averaging?</h3>

The practice of investing a set dollar amount on a regular basis, independent of the share price, is known as dollar cost averaging. It's a terrific method to form a disciplined investing habit, increase your investment efficiency, and possibly reduce your stress—as well as your expenses.

Say you put $100 away each month. Your $100 will buy fewer shares when the market is up, but more shares when the market is down. While compared to what you would have paid if you had purchased all of your shares at once when they were more costly than the average, this technique may eventually lower your average cost per share.

To know more about 'Dollar cost averaging', visit:brainly.com/question/14776694

#SPJ4

5 0
1 year ago
____ are procedures used to verify the truthfulness and accuracy of information that applicants provide about themselves and to
masya89 [10]
Background checks, I would assume.
6 0
3 years ago
During its first year of operations, Silverman Company paid $7,000 for direct materials and $9,500 for production workers' wages
r-ruslan [8.4K]

Answer:

Closing Inventory would be standing at $10000

Explanation:

The cost that forms part of the cost of inventory are all those production costs that are necessary to convert it into finished goods which in this case is:

Production cost = All direct costs are production costs

And

All Direct Cost = $7000 Direct Mat + $9500 Production Workers Wages + $8500 Direct Utilities bills = $25000

And the production cost incurred was for 5000 units which means the unit production cost was $5 ($25000 / 5000 units).

So closing inventory value would be = 2000 closing inventory units * $5

= $10000

5 0
3 years ago
Read 2 more answers
Other questions:
  • Dairy Products, Inc., and Eden Farms Corporation form a joint venture to make and test-market Frosty Ice Cream. If this joint ve
    9·1 answer
  • If all other factors are equal, what will happen to the demand if the price of a product goes down? A. Demand will go up. B. Dem
    10·2 answers
  • The reuse of one's previously published material in a new journal article is most appropriate if:
    7·1 answer
  • Using the information below for Singing Dolls, Inc., determine the total manufacturing costs incurred during the year: Work in P
    15·1 answer
  • The Federal Reserve can influence the federal funds interest rate by buying securities, which ________ reserves, thereby _______
    13·1 answer
  • A chemical is absorbed through the digestive tract but not through the skin. This is an example of which factors that affect the
    8·2 answers
  • Happy​ Valley, Inc. has received an invoice for​ $6,500 with terms of​ 3/15, n/45 and uses the net method to record purchases. I
    15·1 answer
  • Cobe Company has already manufactured 28,000 units of Product A at a cost of $28 per unit. The 28,000 units can be sold at this
    10·1 answer
  • Why do people buy franchise instead of expanding by opening more stores​
    9·2 answers
  • Write an essay of at least 150 -words based on reading the following regulation policy. In your essay, you should:
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!