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vitfil [10]
2 years ago
15

BP ignored some safety regulations in order save $1 Million per day on the Horizon Deep Water Drilling Platform. How much did th

ose violations end up costing the company
Business
1 answer:
aleksklad [387]2 years ago
4 0

Ignoring some safety regulations in order save $1 Million per day. The amount that  those violations end up costing the company is $100 Billion.

<h3>What is safety regulation?</h3>

Safety regulation can be defined as a set of rules and regulation that an employees are mandated to follow so as to prevent work hazard.

Based on the given scenario ignoring the safety regulation so as to save $1 million per day  will cost the company $100 Billion.

Which is why companies made it compulsory for employees to follow the saftey standard set so as to ensures that employees work in a safe and conducive environment .

Inconclusion the amount that  those violations end up costing the company is $100 Billion.

Learn more about Safety regulation here:brainly.com/question/8430576

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On September 23, Reese Company received a $350 check from Mike Moluf for services to be performed in the future. The bookkeeper
Harman [31]

Answer:

debit Accounts Receivable $350 and credit Unearned Service Revenue $350

Explanation:

The bookkeeper incorrectly made the following journal entry:

Dr Cash 350

    Cr Accounts receivable 350

The correct entry should have been:

Dr Cash 350

    Cr Unearned revenue 350

So the adjusting entry should be:

Dr Accounts receivable 350

    Cr Unearned revenue 350

3 0
3 years ago
PLS HELP!!!!!! WILL GIVE BRAILIEST!! :) Thanks! :) In a biometrics research lab, Grant is listed as the laboratory director, whi
Alex777 [14]

Answer:

Lab technician collects the samples from patients and then processes it to get the required result.

Lab director is responsible for the administration of daily operations.

Explanation:

Stem field is Science, Technology, Engineering and Mathematics. The career choice of Tamara and Grant both fall into STEM. Grant have more responsibility than Tamara, although both are in the biometric research lab but Grant has to ensure that all the applicable laws and provisions are followed in the lab and if any deviation is found he will be held responsible for it. Whereas Tamara has responsibility for a single sample only. She is not responsible for others performance.

7 0
3 years ago
Baldwin corp. ended the year carrying the most inventory. calculate baldwin corp.'s dollars of additional revenue (in dollars) i
wariber [46]

Based on the value of Baldwin Corp's existing inventory, the dollars of additional revenue that would have been earned is $19,923,000.

<h3>What amount of dollars of additional revenue would Baldwin have earned?</h3>

The dollars of additional revenue that a company would have earned is the value of the existing inventory because inventory is assumed to be sold at cost.

Baldwin's existing inventory was valued at $19,923,000 so the dollars of additional revenue would be the same amount of $19,923,000.

Full question is:

Baldwin corp. ended the year carrying the most inventory of $19,923,000. calculate Baldwin corp.'s dollars of additional revenue (in dollars) if all existing inventory were sold at the current prices.

Find out more on the effects of existing inventory at brainly.com/question/24868116.

#SPJ1

6 0
1 year ago
Baxter Company's merchandise inventory at the start of 2014 was $85,000. The company purchased inventory during 2014 in the amou
Hatshy [7]
<h2>Cost of goods sold of Baxter's Company = 3,06,000</h2>

Explanation:

Cost of goods sold = +Purchase + Direct Exp+ Opening Inventory  - Closing Stock

85,000 + 3,23,000 - 1,02,000 = 3,06,000

6 0
3 years ago
On December 31, 2020, Grand Company had $1,232,000 of short-term debt in the form of notes payable due February 2, 2021. On Janu
VikaD [51]

Answer:

Current liabilities:

Notes payable   $8,000

Non-current/long-term liabilities:

Notes payable     $1,224,000

Explanation:

The actual amount of notes payable at 31st December is the difference between the short-term debt and the amount of cash realized from the issue of common stock whose proceeds are meant to be used in liquidating the short-term debt.

The actual amount of notes payable=$1,232,000-$1,224,000=$8,000

By issuing common stock of $1,224,000 to repay the short-term debt,the $1,224,000 is effectively converted to funding of long-term nature,hence classified as long-term liabilities

7 0
3 years ago
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