During the past four years, Blanding Company has made significant efforts to improve its… 1 answer below »
Ace your studies with our custom writing services! We've got your back for top grades and timely submissions, so you can say goodbye to the stress. Trust us to get you there!
Order a Similar Paper Order a Different Paper
During the past four years, Blanding Company has made significant efforts to improve its environmental performance. Two of the strategic objectives that have received considerable attention are those of minimizing hazardous materials and minimizing release of liquid residues. Actually, there are two objectives associated with hazardous waste. First, the company wants to reduce the amount produced. Second, the company wants to shift the ways of dealing with hazardous waste from landfill and deep-well injections to such methods as incineration, treatment, and recycling. Kim Gladden, president of Blanding, also required the Accounting Depart- ment to track and report on environmental progress. Internal and external environ- mental progress reports were prepared. The following data pertain to the two strate- gic objectives that have been emphasized.
Hazardous waste objective (measured in tons): Year Incinerated Treated Recycled Landfilled Injected Total
2005
2,000
2,000
1,000
35,000
10,000
50,000
2006
4,000
2,000
2,000
30,000
10,000
48,000
2007
8,000
3,000
3,000
25,000
7,000
46,000
2008
15,000
3,000
3,500
15,000
3,500
40,000
Liquid residue objective: Year Tons of Sulfates
2005
100
2006
92
2007
81
2008
73
The cost of landfilling hazardous waste is $50 per ton; injection is $60 per ton; incineration is $70 per ton; treatment is $100 per ton; and recycling produces a ben- efit of $10 per ton. Recycling, however, can be done only for a certain type of haz- ardous waste and only with a 70 percent successful yield. Treatment is also limited to certain types of waste. Fines, pollution control equipment, and expected cleanup costs are $4,000 per ton for the liquid residues.
Required
1. Prepare a hazardous waste bar graph that shows trends. Comment on the progress revealed.
2. Prepare a pie chart for hazardous waste for the years 2005 and 2008. Comment on the progress in reducing reliance on landfills and injections.
3. Prepare a bar graph for the liquid residues.
4. Calculate the environmental cost for hazardous waste and liquid residues in 2005 and 2008. Comment on environmental progress as measured by the financial outcomes. Is it possible that the savings are understated? Explain.
Looking for top-notch essay writing services? We've got you covered! Connect with our writing experts today. Placing your order is easy, taking less than 5 minutes. Click below to get started.
Order a Similar Paper Order a Different Paper
