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ETS Exam 2 Questions with 100% Correct Answers 2024/2025 $7.99   Add to cart

Exam (elaborations)

ETS Exam 2 Questions with 100% Correct Answers 2024/2025

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  • Course
  • ETS
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  • ETS

ETS Exam 2 Questions with 100% Correct Answers 2024/2025 Compliance - ANSWERSFastest growing sector of the gas industry. There's opportunities for - ANSWERSFront, Middle, and Back office Logistics is consistent of - ANSWERSProcessing Purchase = - ANSWERSExpense and Payable Transpor...

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  • November 13, 2024
  • 5
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • ETS
  • ETS
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ETS Exam 2 Questions with 100%
Correct Answers 2024/2025

Compliance - ANSWERSFastest growing sector of the gas industry.



There's opportunities for - ANSWERSFront, Middle, and Back office



Logistics is consistent of - ANSWERSProcessing



Purchase = - ANSWERSExpense and Payable



Transportation = - ANSWERSExpense, Payable and Money, Fuel



Processing = - ANSWERSexpense & payable and revenue & sales



Sale = - ANSWERSReceivable and Revenue



Extracting Gas - ANSWERSRevenue and Receivable



Storage is INVENTORY = - ANSWERSpayable & expense and charge in money & fuel



Injection - ANSWERSDecrease supply expense



Withdrawl - ANSWERSIncrease supply expense



Matching Principal - ANSWERSDeferred Asset

-you can only expense what you are selling

, -It creates stability, reality and reliability to income profit and loss



AICPA - ANSWERSAmerican Institute of certified public accountatants



What is the Orifice Plate used for? - ANSWERSFor metering the gas, for gas measurement



What is the Orifice Plate measuring? - ANSWERSquantity of gas "MCF"



What does the lab give you - ANSWERSBtu factor



How do you get the mmbtu, heating volume? - ANSWERSBy multiplying btu factor and mcf



Upstream is associated with? - ANSWERSbefore



Downstream is associated with? - ANSWERSafter



What is the most important price? - ANSWERSFront door price



Why are processing plant important? - ANSWERSThey are necessary because they get you to standard
and market ready



If you give more energy in BTU would you give more or less MCF? - ANSWERSless



when you sell liquid byproducts it is ALWAYS - ANSWERSa REVENUE, a gain or loss



When liquid price is > market cost &

< market cost - ANSWERS> Profit

< Loss

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