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21. From the following list of costs, calculate the amount of societal environmental costs. Equipment purchased...

21. From the following list of costs, calculate the amount of societal environmental costs.

Equipment purchased to reduce emissions                                                                     $ 200 000

Monitoring emissions                                                                     $                                                                    50 000

Estimated fines for breaching environmental regulations                                        $ 500 000 Estimated future costs-the need to dispose of firm's products which contain

hazardous material                                                                  550 000

Purchase of recyclable material                                                                     $ 130 000

On-going clean-up costs                                                                     $ 300 000

Estimate of potential liability-oil spill                                                                     $ 600 000

Purchase of recyclable packaging materials                                                                     $                                                                    25 000

Estimate of lost business-adverse television publicity                                                                             $ 110 000

A. $350 000

B. $355 000

C. $110 000

D. $550 000

Solutions

Expert Solution

A)

Equipment purchased to reduce emissions                                                                     $ 200 000

Monitoring emissions                                                                     $                                                                    50 000

Estimated fines for breaching environmental regulations                                        $ 500 000 Estimated future costs-the need to dispose of firm's products which contain

hazardous material                                                                  550 000

Purchase of recyclable material                                                                     $ 130 000

On-going clean-up costs                                                                     $ 300 000

Estimate of potential liability-oil spill                                                                     $ 600 000

Purchase of recyclable packaging materials                                                                     $                                                                    25 000

Estimate of lost business-adverse television publicity                                                          $ 110 000

From the given data the societal environmental costs is $550000

ekkarill92 answered 1 year ago
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