Alpha Piper Disaster Introduction The accident‚ which occurred on board of the seaward platform Piper Alpha in July 1988‚ took lives of 167 people and cost billions of dollars damage of property. The Piper Alpha is placed in the North Sea‚ around 193 km northeast of Aberdeen. The field was discovered in January 1973 and the same year construction of platform took place. The depth of it was up to 140 m‚ and at the time the development and installation of the Piper Alpha platform give tongue to
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Buckman 7/28/10 Using a Cash Budget for Planning Purposes Introduction Let me begin by explaining what a cash budget is. A cash budget is a tool that helps individuals and companies forecast a short term financing needs. Investopedia defines a cash budget as‚ “an estimation of the cash inflows and outflows for a business or individual for a specific period of time.” (Cash Budget) A cash budget is used to determine the borrower’s ability to generate cash and repay debt. A cash budget also provides
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Profits With no Cash University Dr. Sep 10‚ 2014 Profits With no Cash It is regularly a common thing in business to make profits without having any cash due to several aspects of business. This is happening by the non-cash flow adjustments that are recorded as transactions while no cash flows are involved. It is possible to make business transactions without cash involvement. In credit transactions‚ cash is not usually transacted but the transactions are usually recorded therefore if
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Kappa Gamma does have a grade requirement for potential new members. Found in the Kappa Kappa Gamma Fraternity Bylaws‚ Article III.‚ Section 1.‚ A.‚ 1.‚ states‚ “She has demonstrated academic interest and has attained at least a “B+” average or its equivalent under any other grading system from high school‚ or at least a “B-” average or its equivalent under any other grading system for the previous completed term as a full-time student at a college or university
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Two spaceships are approaching the planet Gizmo from exactly opposite directions. Spaceship Alpha receives a message from spaceship Beta giving its speed of approach and indicating that it is 1/10th of a light-year distant from Gizmo. Alpha replies that it is only half as far from Gizmo but is approaching the planet at half of Beta’s speed. Which spaceship will reach Gizmo first? a. Alpha. b. Beta. c. Both spaceships will arrive at the same time. d. Cannot be determined.
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Section B Cash Budget Table of contents Introduction 2 Cash Management 2 Cash 2 Budget 3 Cash budget 3 Identify Cash Management 4 Construction sector 5 Conclusion 9 Reference 10 Introduction Cash management in this economic environment is crucial. Cash is the life-blood of any business. As the saying goes‚ “Cash is king”. With so many banks tightening credit standards due to what’s happening in the credit markets or within their own lending portfolios‚ it is crucial
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Cash Management Practice In Sustainable Land Use Forum (SLUF) PROJECT PAPER Submitted to: The Department of Accounting FACULTY OF BUSINESS AND ECONOMICS UNITY UNIVERSITY COLLEGE As Partial Fulfillment of the Requirements for BA Degree in Accounting Advisor/Instructor: Dr. G. Satyana Rayana (PHD) Prepared By: ZEWDIE MOLLA (IDEA1/93) ID No. 1480/94 May 2006 Table of Contents Chapter I 2 1. An over view of Non Governmental Organization 2 1.1. In the world
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accidents on the roads. Alpha = 5%‚ Sample Size = 40‚ for calculating Beta u = 2790 psi. H0 : u> 2‚800 Test Hypothesis Sigma 10 Sample Size 40 Alpha 0.05 Z alpha -1.644853627 Z calculated 2797.399258 X bar 2790 Z critical 4.679701693 Power 0.999998564 Beta 0.000001436 Calculate Power and Beta for the sample size 30‚ 40‚ 60 and 80. Alpha = 5%. Beta(β) at different sample size with alpha 0.5 There are two methods for calculating Beta‚ 1st method: Direct use
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Information on the accident Piper Alpha accident happened in the 6th of July in 1988. In this accident 167 men died including 165 out of 226 workers of the platform and 2 members of the rescue crew. The series of explosions that started at 10.00 pm destroyed the platform in less than one and a half hour. It happened on the production deck which consisted of four modules. Module A - oil is piped up from the sea Module B – Process oil and gas Module C - Process oil and gas Module D – Power
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cash Budget: A document (or electronic spreadsheet) that shows the timing of cash flows into and out of the company. Pro Forma Statements: A projected income statement (for the next several months) and balance sheet (at the end of the forecasted time period). The Cash Budget One of the major functions of corporate finance is to anticipate the need for funds in the company. Although there are several methods for forecasting these needs‚ the cash budget is the most accurate (and most commonly
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