Project #84985 - Managerial Accounting

In a recent year, an oil refinery in Texas City, on the Houston ship channel exploded. The explosion killed 14 people and sent a plume of smoke hundereds of feet into the air. The blast started as a fire in the section of the plant that increased the octane of the gasoline that was produced at the refinery. The Houston Ship Channel is the main waterway that allow commerce to flow from the gulf of Mexico into Houston.

The Texas Commission on Envirnment Quality expressed concern about the release of nitrogen oxides, benzene, and other known carinogens as a result of the blast. Neighbors of the plant complainted that the plant had been emitting carcinogens for years and that the regulators had ignored their compalints about emissions and unsafe working conditions.

Answer the following questions.

(a)   What are the costs that the company now faces as a result of the accident?

(b)   How could the company have reduced the costs?

Subject Business
Due By (Pacific Time) 10/05/2015 12:00 am
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