LNG as transport fuel

Assignment/Course Work Instructions to students:

  • Your report should be organised and written professionally and comply with university requirements.
  • Your report must have the following sections/headings:

o Summary (including objectives)
o Introduction
o ————— A number of other sections/headings of your choice that would depend on how you want to describe your work. o …………..
o Conclusions
o List of references
o Appendices, if applicable

  • You are expected to do your own research and be innovative in your approach.
  • The submission format must comply with the City University’s requirements:

o Relevant coversheet must be completed, signed and stapled to the front of your
coursework.
o Maximum word count should not exceed 2500 words.

  • All figures and tables should have appropriate number, referenced from within the report, and be of good quality and legible.
  • Make appropriate assumptions on data or other items you may consider you have not been able to find.

 

  • Your conclusions must be based on evidence and facts and data that have been provided in your report.

 
 
 
 
Assignment Topic
 
 
LNG as transport fuel
 
 
What is LNG and how it is produced? What are the main advantages and disadvantages of the LNG? How LNG price compares with other transport fuels? How the well-to-wheel GHG emissions for LNG compares to other types of fuels? Select the case for shipping. For this mode of transport, discuss the current status of use of LNG as fuel? What are the future prospects for wider use of LNG? What are the main drivers that encourage use of LNG? What are the main barriers that impede the use of LNG? Discuss anything else that you may wish.
 
 
 
 
 
 

 
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Business Risk

Assignment Question (1) (10 Marks)
You are an audit manager with Clarke & Johnson (CJI). For the past years CJ has been the auditor of luxury Travel Holidays LTD (LTH), a travel company. Geoff, the audit partner, has asked you the to contact Chris, LTH’s CEO, with a view to CJ being re-engaged as the auditor for the upcoming audit of the 30 June 2015 financial report.
Geoff has also indicated that intends to allocate Michael, a first-year accountant, and Annette, an accountant in CJ’s tax advisory department, to the LTH audit for the first time. Geoff suggested that you discuss the audit with each of these staff, with a view to identifying any independence issues. You held talks with Chris, Michael and Annette of these conversations were as follows:

  1. Conversation with Chris, situation 1

Chris stated: ‘The board of directors were impressed with last year’s audit and would like to propose reappointing CJ as the auditor of the 30 June 2015 financial report audit. The board would also like to invite Geoff to give a speech about LTH at the next travel agency seminar, to assist in promoting LTH’s business to attract more investors. I understand that this is outside CJ’s normal practice; however, the board expressed the view that it will be very difficult for LTH to continue any business engagements with CJ should Geoff refuse to provide such assistance’.
 

  1. Conversation with Chris, situation 2

Chris stated: ‘To express our sincerity towards CJ and Geoff, and to maintain the good relationship in anticipation of another smooth audit for 2015, LTH would like to present a complimentary 14-day holiday package voucher for four people to the Greek isles for both Geoff’s and your family. All expenses, including accommodation and travelling cost, will be paid by LTH’.
 

  1. Conversation with Michael

Michael stated: ‘I am very excited to be part of the audit team. I believe that I will be an valuable asset to the team, as my dad is LTH’s financial controller. He is responsible for the preparation of LTH’s financial report.’
 

  1. Conversation with Annette

Annette stated: ‘I am glad that I have been allocated to this year’s LTH’s audit team. It’s going to be a very efficient audit this year! I was on a temporary assignment at LTH’s just a month ago, helping LTH with its tax calculations and preparing accounting entries that will be reflected in the 30 June 2015 financial report, so I don’t think there will be much audit work required around the tax accounts. It will be great to catch up with everybody at LTH again, as they are so easy to work with.’
Required:
(a) For each situation, identify and evaluate any threats in relation to auditor independence (5 Marks).
(b) Identify any safeguards to those threats identified above (5 Marks).
Format to follow for above question: –

Issues
 
1)
2)
3)
4)
Threat of Independence Discussion
 
(Citation in this and explain more)
Safeguard

 
 
 
Question (2) (10 Marks)
You are an audit senior with Crampton and Hasaad and you are planning the audit of Mining supplies LTD (MSL) for the year ended 30 June 2015. MSL sells mining equipment and spare parts to mining companies across Australia. MSL has operational centres in Perth, Newcastle, and Mt. Isa. Each operational centre warehouses the equipment and spare parts and provides sales and maintenance services. MSL’s head office is located in Melbourne where finance, IT and other corporate services are provided. MSL has equipment purchase order contracts with a number of manufacturing suppliers based in Europe, Us and China. These manufactures build the specialised, made- to-order equipment and spare parts and ship them to MSL’s operational centres.
Each item of equipment purchased by a customer comes with a two-year spare parts and labour warranty from MSL. The warranty entitles the customer to a maximum of one free maintenance service per year during the warranty period.
Depending on the type of equipment and customer’s location, a maintenance service can take between one day and one week. MSL uses contracted mobile mechanics who travel to the customer’s location to carry out all maintenance services. Some services require the mechanic to travel long distances, due to the remote locations. Any maintenance services that are inside that are outside the warranty conditions are billed to the customer. The billing covers a daily labour rate for the mechanic’s time, any parts replaced and reimbursement for travel, accommodation and living expenses incurred by the mechanic.
Required:
(a) In relation to the purchasing of equipment and spare parts, describe two business risks to MSL that Crampton and Hasaad will consider in planning the 2015 audit (5 Marks).
(b) For each business risk identified in (a) describe a specific audit risk that could arise. Each response should include the identification of account balances that are impacted directly by the audit risk (5 Marks).
Format for 2 question to answer: –

Issue Business Risk Audit Risk Account Balance

 
 
 

 
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Research Paper

Research Paper
You will formulate your own research question for this 10-12 page paper that is relevant to
issues or themes raised in one of the final course units (Violence; Reproduction/Eugenics;
Education & Employment; Art, Culture, & Identity). Specific topics must be approved at least
10 days before the due date. Email your proposed topic to the course supervisor as early as
possible in order to allow time to address any amendments or clarification that may be required.
The foundation of a strong critical analysis is grounded in a clear and specific topic. For
example, while people with disabilities are at higher risk of being the victims of violence than
the general population, their risk factors and experiences are not always identical. Therefore,
instead of submitting a general topic on “violence against people with disabilities,” you should
refine it further. “Violence against women with communication impairments” or “Risk factors
for violence in long-term care facilities” are examples of better choices, as a more specific topic
will compel you to develop a more focused analysis.
This paper should include reflections on how the course material and conceptual framework(s)
relate to your topic. Your analysis should draw upon or make reference to at least three of the
readings from Units Seven through Ten (required). In addition, you must reference at least five
other external sources (academic journals, books, newspapers, statistical reports). Electronic
journal articles accessed via the library or other academic search engines are fine, but other web
resources should be incorporated as additional resources, over and above the minimum academic
research requirements. All sources need to be referenced.
Note: As emphasized throughout the course, social welfare, and policies pertaining to people
with disabilities, are dynamic fields. Please try to incorporate research that is current, and
relevant to your topic. For example, if you’re discussing educational opportunities for disabled
people in Canada, then please incorporate Canadian data to the fullest extent possible. Starting
early will help ensure that you are able to access the kind of information you need to support
your argument. If you are having difficulty finding the kind of information that you need, then
contact the course supervisor.

 
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Micro Economics

Stage: 1 Short-Run Production Costs (23 points)
 Your business idea and name (5 points)
 From Blackboard, choose the output and variable cost information that more closely represents your cost information (i.e. if you are building pens, choose the cost information that you want to use from the available options)
 Explanation of your variable (2 points)
 Explanation of your fixed costs (2 points)
o (i.e. explain what kind of fixed costs your business venture would face)
 Calculate all of your costs information on the table (8 points)
 Graph your ATC, MC (6 points)
Stage: 2 Revenue Information (16 points)
 Assumption – your business is operating in a monopolistic competitive market model
 Determine the prices for the product you are selling. Remember that you are looking to be a profitable entity (2 points)
 Calculation of your TR and MR (8 points)
o Results of your calculation on a table
 On the previous graph for Stage 1, graph your MR (6 points)
Stage 3: Profit Maximizing Decision (24 points) remember your business is operating in a monopolistic competitive market model!
Short – Run:
 Use the MR = MC rule to calculate your profit maximizing output (4 points)
o Explain what your output would be and why (4 points)
 Illustrate the profit maximizing point on your existing graph (2 points)
 On the graph, draw the demand curve that would exist if your business was experiencing short-run economic profits (4 points)
Long – Run:
 Explain what happens in the long run in your particular industry as a result of businesses experiencing economic profits (4 points)
 Illustrate your existing graph the scenario that would take place in the long run as a result of the existing economic profits both for the firm and the industry ( 6 points

 
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