Oil Spill - 1888 Words

The Role of Cash in a Business Crucial Lesson Taught to People in Taking First Aid Always check first if a victim is breathing, and if not, deal with that first. Statement of Cash Flow There have been instances where people have tended to bleeding wounds, only to find that the victim died from, say, a blocked air passage. Many things are essential to life, but in the short term, nothing is more important than breathing, in that an absence creates the most immediate life threatening crisis. Cash as Breath of a Business Anyone running a business should think of cash as breath. Cash, in a broad sense, means a positive bank account or the access to a credit line. Another way of thinking: If I write a check, will the bank†¦show more content†¦The balance sheet always â€Å"balances†. Therefore sources and uses of funds should balance. Sometimes this is clearly labeled as debt, but sometimes it is less evident (accrued expenses or taxes payable). Two successive balance sheets can be used to track sources and uses of funds for a company. These accounts represent what would be owed to others if the company went out of business. Critical Points to Analysis of Sources and Uses of Funds 3. Depreciation is a source of funds. Statement of Cash Flow The fund sources and uses table could be constructed from two successive years of balance sheets. Depreciation represents the declining value of assets that wear out and that, theoretically, will need to be replaced someday. The SCF incorporates all information from the â€Å"sources and uses† analysis, plus some from the income statement or statement of retained earnings. Depreciation represents funds that have come into a business and are being offset on the companys books against past asset purchases. Working Capital Once the money represented by depreciation is in the company, it can be used for any purpose, including the purchase of new assets and an increase in inventory and receivables. If depreciation is spent on other things, it is not available to be spent on replacement equipment. Nonetheless, as long as depreciation is left in a companyShow MoreRelatedOil Spills2460 Words   |  10 PagesAn oil spill can be defined as an accidental or deliberate dumping of oil or petroleum products into the ocean and its coastal waters, bays, and harbors, or onto land, or into rivers or lakes (Holum 1977). Between one and ten million metric tons (one metric ton is 1000 kilograms) of oil are put into the oceans every year. The oil is released, most often, in small yet consistent doses from tankers, industry, or on shore waste disposal (Boesh, Hersher, et al. 1974). Tanker spills cost the UnitedRead Moreoil spill4253 Words   |  18 Pagesï » ¿ Oil Spill Group 3 Vera Lois A. Decano Kriceal Viz B. Saldon Mia Tagle Sam John F. Luison Kathe Unabia Chayya Margaret P. Golez Dominic M. Concillo Oil Spill Introduction In the recent years there have been occurrences of oil spills in several locations within our country. Knowing that these have adverse effects on our environment and the ecosystem as a whole, we’ve always been in search of ways to counter this major problem. The damages we receive from an oil spillRead MoreOil Spills And The Natural Resources Essay1694 Words   |  7 PagesEvery year there are thousands of oil spills that occur across the nation; both minor and major spillages. The oil from the spills typically arise in 3 areas: rivers, bays, and the ocean. Nearly all the accidents involving oil spills are a result of tankers, barge, pipelines, refineries, drilling rigs and storage facilities. When looking at the sources of the oil spills its estimated that oil tankers make up around 10 percent of the global marine oil pollution, natural resources is about 5 percentRead MoreCase Analysis for Oil Spills1320 Words   |  6 PagesEngineering Ethics Case Analysis and Action Proposal Oil Spills Students: Fatima Al Khouri 100020247 Hind Al Muhairi 1000020268 Instructor: Dr. Jorge Submission Date: Wednesday October 17th, 2012 ------------------------------------------------- Case Summary Peter has been working for with the Bigness Oil Companys local affiliate and established a trusting relationship with Jesse, manager of the local facility. Jesse was pleased withRead MoreEssay On Oil Spills734 Words   |  3 Pages 7 years ago, one of the largest oil spills in history occurred at the Deepwater Horizon oil rig. To this day, the damage is still being cleaned up, and will never be the same as it was before. The wellhead at the ocean floor is emptying oil contents at an incredibly high rate, causing the sea to be flooded with the harmful, unnatural substance. It is not until recently that scientists have found a way to help minimize the drastic consequences, yet they still didn’t even have time to experiment theirRead MoreGulf Of Mexico Oil Spill1073 Words   |  5 Pages Gulf of Mexico Oil Spill Every day individuals take the true beauty of our nation by visiting recreational areas along with beaches. Oil spills create nothing, but negative effects on the areas that it happens in. Many plants and animals are affected by this negative disaster which sickness the animals or some even die from it. Maybe if more time and money was spent working on having more efficient renewable energy sources than digging up a source of fuel that will eventually run out we would notRead MoreThe Deepwater Horizon Oil Spill1816 Words   |  8 PagesThe Deepwater Horizon oil spill (also referred to as the BP oil spill) occurred in the Gulf of Mexico in April of 2010. The spill had detrimental physical, chemical, and biological effects throughout ecosystems in the Gulf of Mexico. The Deepwater Horizon oil spill being the largest accidental marine oil spill in the history of the United States, makes it a very important event in US history. During the event many coastal areas along the Gulf of Mexi co were coated with oil, including the plants,Read MoreThe Production Of The Montara Oil Spill1991 Words   |  8 Pagesfuels such as coal and oil has driven the expansion and exploration for oil reserves in many of the worlds oceans including the coast of Western Australia. Whilst there is a strong push toward greener cleaner energy sources, the fossil fuel industry continues to draw on the support of the Australian Government and others, principally, due to the economic benefits and financial rewards for all. Australia has become extremely reliant on both imported and local sources of oil to fuel both commercialRead MoreThe Environmental Problem Of Oil Spill1393 Words   |  6 Pages Oil Spill A B S T R A C T Oil spill pollution, a severe environmental problem which arouses in a marine environment or in the water bodies, has grown into an alarming scale with the increase in oil production and transportation. Causes are either accidental or due to operational failure. Henceforth, it is almost impossible for marine life not to be a victim of this vulnerable zone. Our planet has the largest oil reserves, occasionally it cracks and rarely causes a major accident. However, humanRead MoreThe Spill Caused By The British Petroleum Oil Spill1121 Words   |  5 Pages On April 20th, 2010 forty miles of the coast of Louisiana in the Gulf of Mexico, the largest oil spill in the United States occurred. The explosion on the British Petroleum oil rig killed eleven people and injured seventeen others resulting in eleven counts of manslaughter, two misdemeanors, and a felony against the corporate giant. The spill caused 200 million gallons of crude oil to be pumped into the waters, which lasted a total o f eighty-seven days. Texas, Louisiana, Alabama, Florida, and Mississippi