ACCTG414 Lecture Notes - Municipal Solid Waste, Contingent Fee, Gross Profit
8 Apr 2014
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Document Summary
Case 1 for discussion wonder waste reduction aspe and proposed. Wonder waste reduction, inc. (wwr) has operated in the waste management, recycling, and disposal industry for a number of years. Wwr bids on various municipal waste pick-up and disposal contracts, and also buys waste disposal sites. After a site is filled, wwf must pay for clean-up and site sealing costs. In late 2008, wwr signed a 2-year contract beginning january 1, 2009 to collect and dispose of the waste of a major municipality. The contract provided that wwr would receive . 00 per metric ton of waste, but is guaranteed at least . 2 million revenue per annum. In november of 2008, wwr received million dollars from the municipality. The remaining ,000 of these funds relate to the sale of recycling blue boxes to the municipality. ,000, and are delivered to the municipality in 2008.
