Loaf & Biscuit Company operates a commercial dough making and packaging plant—a "major source"—that emits hazardous air pollutants for which the Environmental Protection Agency has set maximum levels of emission. The plant does not use any equipment to reduce its emissions. Under the Clean Air Act, this is most likely

a. a violation.
b. not a violation because dough is not considered a pollutant.
c. not a violation because the plant does not use any equipment.
d. not a violation because the plant is not a mobile source.


A

Business

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A. Yorkshire Corporation has 9,000 shares of $10 par value common stock and 5,000 shares of $50 par value, 10 percent cumulative preferred stock outstanding. All shares were issued at par value. In addition, retained earnings total $90,000. If the preferred stock is callable at $54 per share, and one year's dividends are in arrears, compute book value per share of preferred stock

b. Assume the same facts as in a above. Calculate book value per share of common stock. c. Assume the same facts as in a above and that Yorkshire Corporation declares a 5-for-1 stock split on its common stock. After the split, total par value of common stock equals what amount? d. Assume the same facts as in a above and that Yorkshire Corporation declares a 12 percent stock dividend on its preferred stock. If the market value on the declaration date was $70 per share, for what amount will Preferred Stock Distributable be credited?

Business

Northeast Inc. is preparing the company's statement of cash flows for the fiscal year just ended. Using the following information, determine the amount of cash flows from operating activities using the indirect method:    Net income$182,000Gain on the sale of equipment 12,300Proceeds from the sale of equipment 92,300Depreciation expense-equipment 50,000Payment of bonds at maturity 100,000Purchase of land 200,000Issuance of common stock 300,000Increase in merchandise inventory 35,400Decrease in accounts receivable 28,800Increase in accounts payable 23,700Payment of cash dividends 32,000

A. $236,800. B. $189,400. C. $186,800. D. $332,200. E. $261,400.

Business

A turnkey project includes

A. plant design and technology supply. B. construction up to but not including trial runs. C. direct selling. D. government training.

Business

Using a penetration strategy, the entrepreneur attempts to encourage existing customers to buy more of the firm's current products.

Answer the following statement true (T) or false (F)

Business