company was 2nd largest oil company in the world with over 92‚000 employees. The company had to face a dark time in its history when on April 20‚ 2010 the Deepwater horizon oil spill occurred. Through 3 major cracks oil spilled into the ocean. Affected by the oil spill were five states; Alabama‚ Louisiana‚ Mississippi‚ Texas and Florida. The disaster was if even comparable much worsted then any environmental disaster the US had to face since the result of the millions of gallons of oil spilt into the Gulf
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Question4: What closing time should Citywide Spirits Shoppe choose to maximize profits? Through the Attachment: (Evening time) Contribution Margin = average purchase revenue-average purchase cost = $30.52-$23.25 = $7.27 per customer per purchase Average numbers of customer: (Attachment 2) close time averge customers Time Total customer 10pm 10.18 10pm~11pm 12 11pm 10.16 10pm~12pm 21 12pm 10.08 10pm~1am 27 1am 9.71 10pm~2am 32 2am 9.4 10pm~3am 36 3am 9.06 10pm~4am
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In late March of 1989‚ an oil tanker by the name of Exxon Valdez spilled between eleven and 38 million gallons of oil into the Prince William Sound in Alaska. This spill was caused by various influential factors‚ but perhaps one of the most important would be Exxon Shipping Company’s inability to oversee the condition of the crew‚ leading to a fatigued navigator who led the vessel astray‚ which resulted in the massive spill. This oil‚ which is‚ of course‚ hazardous to living creatures‚ resulted
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the relevant cost is the cargo cost only. Therefore‚ profit contribution of carrying I ton of tapioca from Balik and Singapore: Expected revenue $5.10 Less freight cost (0.25+0.56) 0.81 Profit Contibution 4.29 From Singapore to Balik: Expected Revenue $2.70 Less freight cost (0.16+0.32+0
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1: Score 0/4 Your response Exercise 5-1 Fixed and Variable Cost Behavior [LO1] Espresso Express operates a number of espresso coffee stands in busy suburban malls. The fixed weekly expense of a coffee stand is $1‚200 and the variable cost per cup of coffee served is $0.22. Requirement 1: Fill in the following table with your estimates of total costs and cost per cup of coffee at the indicated levels of activity for a coffee stand. (Round average cost per cup of coffee to 3 decimal places. Omit
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The Hebei Spirit Oil Spill (HSOS) in December 7‚ 2007 spilled approximately 10‚900 tons of crude oil in about 10 km off the Taean coastline in South Korea. Due to the astronomical and irrecoverable damage upon the marine ecosystem and the overall living standards of the residents‚ the oil spill accident has been notoriously named as the “worst oil spill accident” occurred in Korea. Nevertheless‚ though almost a decade have passed since the outbreak of the HSOS in Korea‚ it appears that compensation
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large company. Actual costs Static Incurred budget Activity level (in units) 800 750 Variable costs: Indirect materials $6‚850 $6‚600 Electricity $1‚312 $1‚275 Fixed costs: Administration $3‚570
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12 1999 the Maltese oil tanker Erica sunk in the Bay of Biscay outside the French coast of Brittany. The vessel had broken in two spilling an amount close to 19800 tones of heavy fuel oil. Additionally 6400 tones remained in the bow section of the sunken vessel and approximately 4800 tones in the stern section. Even though all crew members were rescued‚ this event would inevitably turn out to a huge disaster. Most of all because of the environmental consequences of the oil spill. In this paper I
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According to the U.S. Department of Energy‚ 1.3 million gallons of petroleum are spilled in U.S. waters from vessels and pipelines in a typical year. A major spill could easily double that amount. Oil spills are one of the biggest and overall worst environmental disasters. These spills happen for many reasons. Some of these reasons include: people making mistakes or being careless‚ equipment breaking down‚ natural disasters such as hurricanes‚ deliberate acts by terrorists‚ countries at war‚ vandals
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1989 Exxon Valdez spill Causes Exxon Shipping Company failed to supervise the master and provide a rested and sufficient crew for Exxon Valdez. The National Transportation Shipping Board found this was widespread throughout the industry‚ prompting a safety recommendation to Exxon and to the industry. The third mate failed to properly manoeuvre the vessel‚ possibly due to fatigue or excessive workload. Exxon Shipping Company failed to properly maintain the Raytheon Collision Avoidance System
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