How many grams CO2 is produced by burning 1 gallon of ethanol (C2H6O), the amount of ethanol in 10 gallons of E10 gasoline. Remember the steps. Get to grams, grams to moles, moles to moles, moles to grams. 3.8 L in a gallon. The density of ethanol is 789 g/L.

The current spot price of a stock is $33.00, the expected rate of return is 7.2%, and the volatility of the stock is 20%. The risk-free rate is 3.8%.

(a) Find the 90%-confidence interval for the stock price in 6 months.

(b) Compute the expected percent change in the stock over the next 6 months.

A loan is to be repaid over 30 years, with month-end repayments of 8,000. If the interest rate is 3.8% p.a. compounded monthly. Calculate the interest paid for year 10. Correct your answer to the nearest cent without any units. (Do not use "$" or "," in your answer. e.g. 12345.67)

Which of the following bases should be used to prepare a buffer with a pH of 4.5?

ammonia, K_b = 1.8 × 10^-5

hydroxylamine, K_b = 1.1 × 10^-8

codeine, K_b = 1.6 × 10^-6

pyridine, K_b = 1.7 × 10^-9

anyline, K_b = 3.8 × 10^-10

Financial Statements of a Manufacturing Firm

The following events took place for Digital Vibe Manufacturing Company during March, the first month of its operations as a producer of digital video monitors:

1. Purchased $43,200 of materials.
2. Used $33,300 of direct materials in production.
3. Incurred $49,700 of direct labor wages.
4. Incurred $70,000 of factory overhead.
5. Transferred $116,200 of work in process to finished goods.
6. Sold goods for $207,800.
7. Sold goods with a cost of $92,400.
8. Incurred $53,100 of selling expense.
9. Incurred $23,300 of administrative expense.

Using the information given, complete the following:

a. Prepare the March income statement for Digital Vibe Manufacturing Company.

b. Determine the inventory balances at the end of the first month of operations.

The management of Zigby Manufacturing prepared the following estimated balance sheet for March 2017:

To prepare a master budget for April, May, and June of 2017, management gathers the following information:

Sales for March total 23,300 units. Forecasted sales in units are as follows: April, 23,300; May, 17,000; June, 21,900; and July, 23,300. Sales of 258,000 units are forecasted for the entire year. The product’s selling price is $26.00 per unit and its total product cost is $21.10 per unit.

Company policy calls for a given month’s ending raw materials inventory to equal 50% of the next month’s materials requirements. The March 31 raw materials inventory is 4,565 units, which complies with the policy. The expected June 30 ending raw materials inventory is 5,800 units. Raw materials cost $20 per unit. Each finished unit requires 0.50 units of raw materials.

Company policy calls for a given month’s ending finished goods inventory to equal 80% of the next month’s expected unit sales. The March 31 finished goods inventory is 18,640 units, which complies with the policy.

Each finished unit requires 0.50 hours of direct labor at a rate of $14 per hour.

Overhead is allocated based on direct labor hours. The predetermined variable overhead rate is $4.50 per direct labor hour. Depreciation of $38,360 per month is treated as fixed factory overhead.

Sales representatives’ commissions are 10% of sales and are paid in the month of the sales. The sales manager’s monthly salary is $4,800.

Monthly general and administrative expenses include $30,000 administrative salaries and 0.8% monthly interest on the long-term note payable.

The company expects 20% of sales to be for cash and the remaining 80% on credit. Receivables are collected in full in the month following the sale (none are collected in the month of the sale).

All raw materials purchases are on credit, and no payables arise from any other transactions. One month’s raw materials purchases are fully paid in the next month.

The minimum ending cash balance for all months is $58,000. If necessary, the company borrows enough cash using a short-term note to reach the minimum. Short-term notes require an interest payment of 1% at each month-end (before any repayment). If the ending cash balance exceeds the minimum, the excess will be applied to repaying the short-term notes payable balance.

Dividends of $28,000 are to be declared and paid in May.

No cash payments for income taxes are to be made during the second calendar quarter. Income tax will be assessed at 40% in the quarter and paid in the third calendar quarter.

Equipment purchases of $148,000 are budgeted for the last day of June.

Required:
Prepare the following budgets and other financial information as required. All budgets and other financial information should be prepared for the second calendar quarter, except as otherwise noted below.

Selling expense budget.
General and administrative expense budget.
Cash budget.
Budgeted income statement for the entire second quarter (not for each month separately).
Budgeted balance sheet.

The management of Zigby Manufacturing prepared the following estimated balance sheet for March 2017:

To prepare a master budget for April, May, and June of 2017, management gathers the following information:

1. Sales for March total 23,000 units. Forecasted sales in units are as follows: April, 23,000; May, 19,000; June, 18,800; and July, 23,000. Sales of 249,000 units are forecasted for the entire year. The product’s selling price is $29.00 per unit and its total product cost is $25.00 per unit.
2. Company policy calls for a given month’s ending raw materials inventory to equal 50% of the next month’s materials requirements. The March 31 raw materials inventory is 5,050 units, which complies with the policy. The expected June 30 ending raw materials inventory is 4,500 units. Raw materials cost $20 per unit. Each finished unit requires 0.50 units of raw materials.
3. Company policy calls for a given month’s ending finished goods inventory to equal 70% of the next month’s expected unit sales. The March 31 finished goods inventory is 16,100 units, which complies with the policy.
4. Each finished unit requires 0.50 hours of direct labor at a rate of $24 per hour.
5. Overhead is allocated based on direct labor hours. The predetermined variable overhead rate is $3.60 per direct labor hour. Depreciation of $24,320 per month is treated as fixed factory overhead.
6. Sales representatives’ commissions are 10% of sales and are paid in the month of the sales. The sales manager’s monthly salary is $3,900.
7. Monthly general and administrative expenses include $10,000 administrative salaries and 0.8% monthly interest on the long-term note payable.
8. The company expects 25% of sales to be for cash and the remaining 75% on credit. Receivables are collected in full in the month following the sale (none are collected in the month of the sale).
9. All raw materials purchases are on credit, and no payables arise from any other transactions. One month’s raw materials purchases are fully paid in the next month.
10. The minimum ending cash balance for all months is $110,000. If necessary, the company borrows enough cash using a short-term note to reach the minimum. Short-term notes require an interest payment of 1% at each month-end (before any repayment). If the ending cash balance exceeds the minimum, the excess will be applied to repaying the short-term notes payable balance.
11. Dividends of $19,000 are to be declared and paid in May.
12. No cash payments for income taxes are to be made during the second calendar quarter. Income tax will be assessed at 40% in the quarter and paid in the third calendar quarter.
13. Equipment purchases of $139,000 are budgeted for the last day of June.

Required:
Prepare the following budgets and other financial information as required. All budgets and other financial information should be prepared for the second calendar quarter, except as otherwise noted below. (Round calculations up to the nearest whole dollar, except for the amount of cash sales, which should be rounded down to the nearest whole dollar.):

9. Budgeted income statement for the entire second quarter (not for each month separately).
10. Budgeted balance sheet.

During January, a company that uses a perpetual inventory system had beginning inventory, purchases, and sales as follows :

Required:

1. Prepare a schedule showing cost of goods sold and ending inventory using weighted average.
2. Prepare a schedule showing cost of goods sold and ending inventory using First In First Out
3. Compute gross profit under for a and b. Selling price for items is $50 pet unit.

Dobson Manufacturing Company uses a job order cost system with manufacturing overhead applied to products on the basis of direct labor dollars. At the beginning of the most recent period, the company estimated its total direct labor cost to be $54,800 and its total manufacturing overhead cost to be $98,640.

Several incomplete general ledger accounts show the transactions that occurred during the most recent accounting period which is given in second requirement.

Required:
1. Calculate the predetermined overhead rate.

2. Fill in the missing values in the T-accounts.

3. Compute over- or underapplied overhead.

4. Prepare a statement of cost of goods manufactured and sold including the adjustment for over- or underapplied overhead.

5. Prepare a brief income statement for the company.

ll in the missing values in the T-accounts.