Unit III Case Study You have been hired as a consultant by your town’s emergency management coordinator to help develop emergency action plans. One of the reasons you were selected is your expertise in using the General Behavior Model (GEBMO) to assess risks. Your first task is to assess the hazardous material risks at a local gas station. The station has one 30,000-gallon underground storage tank compartmentalized to hold 10,000 gallons each of the three gasoline grades, and there is one additional 10,000-gallon tank for diesel fuel. The station has four pumps, and each one can deliver all four products. Also on site is a 2,500 sq. ft. concrete block building used for the cashier and retail sales of service station and convenience store items. The station is located at a busy intersection near the center of town. It is adjacent to several other local businesses that do a brisk business during the day. Across the street from the station is a large housing development with an elementary school. Behind the station is a city park with playgrounds, baseball fields, and a large wooded area. Use the GEBMO framework to assess the risks related to the fuels in the underground tanks. Consider physical, chemical, and natural hazards that may contribute to the risks. 1. Discuss how you applied each of the steps in the GEBMO process and what risks you identified. 2. Provide recommendations for preventing spills or releases. 3. Discuss response actions required in the event of a spill or release. Support your discussion with appropriate references and in-text citations. Your submission must be a minimum of two pages and a maximum of four pages in length. Information about accessing the Blackboard Grading Rubric for this assignment is provided below. ACC 203 – Excel Project – Master Budget NOTE: The Excel assignment below is intended to be an INDIVIDUAL assignment; therefore, do NOT work with your peers or others as it may give you an unfair advantage over students who complete it on their own. It is an academic integrity violation if you do not do this assignment on your own. If you need help, ask me! I’m happy to help! =-) Pay attention to not only the data necessary to complete the problem, but also the hints I inserted to help you along the way. This is a time-consuming problem, so do not start it last minute. Further note that your grade will not only be computed based on your answers, but will also include a component for following the directions I list below for utilizing Excel appropriately (e.g., using formulas, references where appropriate, etc.). LBL Corporation is preparing its master budget for the first quarter of the upcoming year. The following contains detail on LBL’s operations necessary for their master budget: · Sales Information: · Actual / Projected Sales are as follows: · December (Prior Year; Actual): $70,000 · January (Estimated): $80,000 · February (Estimated): $92,000 · March (Estimated): $99,000 · Ap ...

1. Unit III Case Study
You have been hired as a consultant by your town’s emergency
management coordinator to help develop emergency action
plans. One of the reasons you were selected is your expertise in
using the General Behavior Model (GEBMO) to assess risks.
Your first task is to assess the hazardous material risks at a
local gas station. The station has one 30,000-gallon
underground storage tank compartmentalized to hold 10,000
gallons each of the three gasoline grades, and there is one
additional 10,000-gallon tank for diesel fuel. The station has
four pumps, and each one can deliver all four products. Also on
site is a 2,500 sq. ft. concrete block building used for the
cashier and retail sales of service station and convenience store
items.
The station is located at a busy intersection near the center of
town. It is adjacent to several other local businesses that do a
brisk business during the day. Across the street from the station
is a large housing development with an elementary school.
Behind the station is a city park with playgrounds, baseball
fields, and a large wooded area.
Use the GEBMO framework to assess the risks related to the
fuels in the underground tanks. Consider physical, chemical,
and natural hazards that may contribute to the risks.
1. Discuss how you applied each of the steps in the GEBMO
process and what risks you identified.
2. Provide recommendations for preventing spills or releases.
3. Discuss response actions required in the event of a spill or
release.
Support your discussion with appropriate references and in-text
citations. Your submission must be a minimum of two pages and
a maximum of four pages in length.

2. Information about accessing the Blackboard Grading Rubric for
this assignment is provided below.
ACC 203 – Excel Project – Master Budget
NOTE: The Excel assignment below is intended to be an
INDIVIDUAL assignment; therefore, do NOT work with your
peers or others as it may give you an unfair advantage over
students who complete it on their own. It is an academic
integrity violation if you do not do this assignment on your
own. If you need help, ask me! I’m happy to help! =-)
Pay attention to not only the data necessary to complete the
problem, but also the hints I inserted to help you along the way.
This is a time-consuming problem, so do not start it last minute.
Further note that your grade will not only be computed based on
your answers, but will also include a component for following
the directions I list below for utilizing Excel appropriately (e.g.,
using formulas, references where appropriate, etc.).
LBL Corporation is preparing its master budget for the first
quarter of the upcoming year. The following contains detail on
LBL’s operations necessary for their master budget:
· Sales Information:
· Actual / Projected Sales are as follows:
· December (Prior Year; Actual): $70,000
· January (Estimated): $80,000
· February (Estimated): $92,000
· March (Estimated): $99,000
· April (Estimated): $97,000
· May (Estimated): $85,000
· Units are sold at $10 each
· Sales in a month are paid in cash for 30% and on credit for the
remainder with credit collection occurring in the month
following the sale.
HINT: To help you with several budgets, you will need sales in
UNITS (not total dollars as listed above). You can calculate the
number of sales units by taking the total sales / sales price per
unit.

3. · Partial balance sheet as of 12/31 of the prior year:
· Cash $4,500
· A/R, net $49,000
· Inventory $15,600
· PP&E $120,000
· A/P $42,400
· Capital Stock $125,500
· Retained Earnings $23,000
HINT: You may not need all this information.
· LBL plans to produce enough units for sales expected in the
period as well as have a cushion in ending finished goods
inventory of 25% of the following month’s sales units expected.
· Direct Materials:
· Two square feet of materials are needed to create each unit.
· When LBL purchases raw materials, they pay 20% in the
month of purchase and the rest the following month. The cost is
$2.00 per square foot of material.
· Management wants ending inventory to be equal to 15% of
next month’s production needs.
HINT: Direct materials are the only thing that LBL pays for, in
part, in the following month. All other expenses are paid for in
the month they occur. Therefore, the balance for A/P is for raw
materials.
· Direct Labor:
· There is little DL necessary at LBL with only 0.01 direct labor
hours needed per unit.
· Labor costs are paid in the month incurred at a rate of $11 per
hour.
· Other Manufacturing Costs:
· Variable overhead costs $1.20 per unit.
· LBL pays plant rent at a steady rate of $5,000 per month and
$3,000 per month for all other fixed manufacturing costs. For
the units expected for the year, fixed overhead costs are $0.80
per unit.

4. · All expenses are paid in the period incurred, and the above
costs do not include depreciation.
· Capital Expenditures: New computer equipment will be
phased into LBL’s admin offices over the next year with first
quarter purchases as follows: January: $15,000, February:
$11,000, and March: $16,000.
· Operating Expenses:
· Budgeted costs are $1.00 per unit.
· Depreciation for the admin office’s buildings/equipment is
estimated at $4,400 for the quarter.
· Additionally, they pay $1,000 for fixed operating expenses per
month
· Financing:
· LBL wants cash to be at a minimum balance of $4,000 each
month.
· In case of a cash shortage, they have a line of credit with a
bank for up to $50,000, which is borrowed and repaid in $1,000
increments. Simple interest applies to borrowed amounts at 1%
per month outstanding with accumulated interest paid at the end
of each quarter for any borrowed amounts throughout the
period. If the company has surplus cash beyond the minimum
balance required in a month, it would repay as much of any
outstanding loans as possible without violating its minimum
balance policy.
HINT: For the financing portion, the company must borrow
$19,000 in January and $4,000 in February, but they can pay a
portion of this back ($7,000) in March as well as $650 in
interest costs.
· Taxes:
· The current applicable tax rate is 30%.
· While taxes are incurred each month of operations, it is paid

5. quarterly with a $10,000 payment expected in February only.
Homework Required: Using the information above, prepare the
following budgets for the first quarter (January, February,
March AND a Quarter total, where applicable) in Excel:
1. Sales budget
2. Production budget
3. Direct material budget
4. Schedule of cash collections
5. Cash payments for:
a. Direct material purchases (based off of purchases found in
requirement 3. above)
b. Direct labor
c. Manufacturing overhead
d. Operating expenses
(Create a separate budget for each cash payments budget listed
above)
6. Combined cash budget
HINT: Many of the items on here will come from previous
budgets you created in 1-5 above.
7. Budgeted manufacturing overhead per unit (HINT: There is
no time period/monthly budget needed for this)
HINT: The Fixed MOH per unit was given to you.
8. Budgeted income statement for the quarter ending March 31
(Hint 1: This is a quarterly statement, so you do not need to do
each month but rather a combined statement for January 1
through March 31; Hint 2: The COGS amount is found, in part,
by using the COGS per unit you find in budget 7. above).
Excel Directions and Information:
· Create professional-looking budgets, formatting as you see fit
to look professional and appropriate. Be sure to use a title for
each budget (you can use multiple worksheets or one worksheet;
just be sure to label each clearly).
· For budgets 1. through 6. above, you must use must use five
columns: *Explanatory labels for your rows, January, February,
March, Quarter Total. Budgets 7. and 8. will only require two

6. columns.
*The first column should be dedicated to adequately explaining
each row of data in your budget; See column in yellow as an
example:
· Use must use formulas for calculations (do not do the
calculations on a calculator and then simply type the numbers
into Excel). For example, in the Sales Budget above, the “Total
Sales Revenue” for each month would require a formula to
calculate the total (=Unit Sales*Unit Selling Price).
· Use the SUM (or similar) function for subtotals/totals where
appropriate (for instance, this would be used frequently for the
Quarter column).
· If data/numbers come from a previous budget, you must
reference the cell from a prior budget as opposed to simply re-
typing in the numbers. For example, the combined cash budget
would reference many items already computed in a prior budget;
reference the cell from the prior budget with the
data/information as opposed to typing in the number.
· Be sure to ask me any questions you have about the
directions/requirements.
· Submit your Master Budget electronically in blackboard by the
due date/time.
JanuaryFebruaryMarchQuarter Total
Unit SalesX,XXXX,XXXX,XXXXX,XXX
Unit Selling Price$XX$XX$XX$XX
Total Sales Revenue$XX,XXX$XX,XXX$XX,XXX$XX,XXX
LBL Corporation
Sales Budget
For the Quarter Ended March 31