If a Laboratory Uses Hazardous Chemicals, It Must

question 30

Multiple Choice

If a laboratory uses hazardous chemicals, it must

• A) keep a chemical inventory and MSDSs on hand.
• B) keep chemicals in a special corrosive cabinet.
• C) keep chemicals in a special locking cabinet.
• D) post chemical names and locations on the door of the laboratory.

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Definitions:

Aging

A method used to categorize accounts receivable based on the length of time an invoice has been outstanding.

Accounts Receivable

Unpaid customer debts to a company for goods or services that have been supplied.

Bad Debts Expense

An expense reported on the income statement reflecting the cost of estimated uncollectible accounts receivable.

Net Credit Sales

Sales made on credit minus any sales returns or allowances, reflecting the actual credit sales revenue.