BP violated the Clean Air Act by discharging pollutants from one of its refineries and was unable to reach a settlement with the EPA regarding a violation of the law. The EPA plans to go forward with a trial on this matter which will be heard by
a. an administrative law judge.
b. a county court judge.
c. an appellate court judge.
d. the Supreme Court.
Ans: a. an administrative law judge.
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Nobula Corp is preparing their budget for the second quarter and provides the following data
Apr May Jun Budgeted purchases of direct materials $20,000 $24,000 $23,000 Budgeted Cash Payments for Purchases of direct materials Apr May Jun 60% of previous month purchases $6,000 $12,000 $14,400 40% of current month purchases 8,000 9,600 9,200 Total cash payments $14,000 $21,600 $23,600 Assume that accounts payable pertains only to suppliers of inventory. Based on the above data, the amount of Accounts Payable that should be shown in the budgeted balance sheet as of June 30 is ________. A) $23,600 B) $14,400 C) $13,800 D) $9,200
The table shows a series of deposits at different dates into a savings account. If the account pays 10.5% interest (compounded annually), what is their future value at year 6?
Year Cash Flow 1 $35,000 2 $7,000 3 $13,000 4 $15,000 5 $5,000 A) $109,477.35 B) $99,074.53 C) $75,000.00 D) $107,569.55 E) $97,790.50