Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

show the work for the answers for the trasnsaction table. MOLOKAIGAs, INC. Jonathan Lee and Ruth Chow met at the University of Hawaii while they

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

show the work for the answers for the trasnsaction table.

MOLOKAIGAs, INC. Jonathan Lee and Ruth Chow met at the University of Hawaii while they were unde rgraduate student in the School of Engineering. Both had grown up on the island of Molbkai and had always planned to retum to the small island. Molokai was an underdeveloped island whose principal economic activity included growing pineapples and squash on small farms averaging less than ten acres. Molokai, thirty- seven miles long and ten miles wide, is Hawaii's fifth largest island. The island, situated between Oahu and Maui, was created by three volcanoes one located at te est end of the island where the arid Mauna Loa tableland riso,381 feet; another located at the east end where the ruggd mountain range along the north coast is topped by 4,970-foot Mount Kamakou. A third volcano located in the mid-coast region created the low, flat Kalaupapa Peninsula. In the Nineteenth Century, the islands were struck with leprosy and the wind-plagued Kalaupapa Peninsula was an isolated place where the disease's ictims were exiled Father Damien de Veustr, a Belgian priest and the Martyr of Molokai, came to work among the lepers and eventually contracted leprosy himself and died. Having received scholarships from the people of Molokai to study engineering, both wanted to find a way to repay the community for its financial support. After graduation, Jonathan had worked for Enron Corp., managing several power plants including the company's rece ntly developed 507-mega- watt, gas-fired cogeneration plant in Puerto Rico, Ruth had worked for Duke Energy since graduation, rising to be the manager of an LNG terminal in Rio de Janeiro, Brzil. Jonathan and Ruth became reacquainted at their tenth-year University of Hawaii class reunion and immediately discussed thep ibility of developing a propane gas distribution system on Molokai Island to replace the widespread use of gasoline and coal. Propane would be shipped in large, fully refrigerated LPG tankers to large storage tanks that the etrepreneurs would establish on the coast pos- The govemment of Hawaii was keen to see Molokai develop as a tourist destination but realized that the island's energy infrastructure needed to be upgraded. The state government a pane over exist ing fuels because of concerns for the environment and the recognition that propane was acleaner burning fuel that reduced The to the largest energy users which included tourist-oreted businesses and industrial customers under- taking light fang suchas surfboard manufacturers, tropical sportswear producers, and makers of to urist souvenis. Later development would focus on residential customers dpollution. The government's first priority was on providing propane Propane is a colorkes, casily liquefied, gaseous hydrocarbon. It is the third member of the paraffin series following methane and ethane and has a chemical formula of C,H,It is separated in large quan- tities from natural gas, light crude oil, and oil-refinery gases. It is commercially available as liquefied propane or as a major constituent of liquefied petroleum gas (LPG). Propane is a gas atordinary atmeo- peric pressure, but with a boiling point of -42.1 C(-43.8 F) it is readily liquefied under elevated pressures.It is usually transported and handled as a liquid in cylinders and tanks. Alone or mixed with MOLOKAIGAs, INC. Jonathan Lee and Ruth Chow met at the University of Hawaii while they were unde rgraduate student in the School of Engineering. Both had grown up on the island of Molbkai and had always planned to retum to the small island. Molokai was an underdeveloped island whose principal economic activity included growing pineapples and squash on small farms averaging less than ten acres. Molokai, thirty- seven miles long and ten miles wide, is Hawaii's fifth largest island. The island, situated between Oahu and Maui, was created by three volcanoes one located at te est end of the island where the arid Mauna Loa tableland riso,381 feet; another located at the east end where the ruggd mountain range along the north coast is topped by 4,970-foot Mount Kamakou. A third volcano located in the mid-coast region created the low, flat Kalaupapa Peninsula. In the Nineteenth Century, the islands were struck with leprosy and the wind-plagued Kalaupapa Peninsula was an isolated place where the disease's ictims were exiled Father Damien de Veustr, a Belgian priest and the Martyr of Molokai, came to work among the lepers and eventually contracted leprosy himself and died. Having received scholarships from the people of Molokai to study engineering, both wanted to find a way to repay the community for its financial support. After graduation, Jonathan had worked for Enron Corp., managing several power plants including the company's rece ntly developed 507-mega- watt, gas-fired cogeneration plant in Puerto Rico, Ruth had worked for Duke Energy since graduation, rising to be the manager of an LNG terminal in Rio de Janeiro, Brzil. Jonathan and Ruth became reacquainted at their tenth-year University of Hawaii class reunion and immediately discussed thep ibility of developing a propane gas distribution system on Molokai Island to replace the widespread use of gasoline and coal. Propane would be shipped in large, fully refrigerated LPG tankers to large storage tanks that the etrepreneurs would establish on the coast pos- The govemment of Hawaii was keen to see Molokai develop as a tourist destination but realized that the island's energy infrastructure needed to be upgraded. The state government a pane over exist ing fuels because of concerns for the environment and the recognition that propane was acleaner burning fuel that reduced The to the largest energy users which included tourist-oreted businesses and industrial customers under- taking light fang suchas surfboard manufacturers, tropical sportswear producers, and makers of to urist souvenis. Later development would focus on residential customers dpollution. The government's first priority was on providing propane Propane is a colorkes, casily liquefied, gaseous hydrocarbon. It is the third member of the paraffin series following methane and ethane and has a chemical formula of C,H,It is separated in large quan- tities from natural gas, light crude oil, and oil-refinery gases. It is commercially available as liquefied propane or as a major constituent of liquefied petroleum gas (LPG). Propane is a gas atordinary atmeo- peric pressure, but with a boiling point of -42.1 C(-43.8 F) it is readily liquefied under elevated pressures.It is usually transported and handled as a liquid in cylinders and tanks. Alone or mixed with

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: Harrison, Horngren, Thomas

1st Edition

0558823513, 978-0558823511

More Books

Students also viewed these Accounting questions