In an effort to satisfy local demand for various fuels, a modest-sized blending operation is considering mixing pure ethanol with gasoline using various schemes. One calls for preparing four fuels: E100, which is pure ethanol; E85 which is 85.0 vol% ethanol and 15.0% gasoline; E10 which is 10.0 vol% ethanol and 90.0% gasoline, and pure gasoline (E0). An estimate of the market for these fuels indicates that 2.00% of the demand (by volume) is for E100, 20.0% for E85, 40.0% for E10, and the remainder for pure gasoline (E0).

Which of the following is located at the point where the supply and demand curves intersect? a. the equilibrium price. b. the minimum supply. c. the level of efficient production. d. the maximum demand. 2b2t

Jamie is saving for a trip to europe. she has an existing savings account that earns 3 percent annual interest and has a current balance of $4,200. jamie doesn’t want to use her current savings for vacation, so she decides to borrow the $1,600 she needs for travel expenses. she will repay the loan in exactly one year. the annual interest rate is 6 percent. a. if jamie were to withdraw the $1,600 from her savings account to finance the trip, how much interest would she forgo? .b. if jamie borrows the $1,600 how much will she pay in interest? c. how much does the trip cost her if she borrows rather than dip into her savings?

Acompany has $80,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. experience suggests that 6% of outstanding receivables are uncollectible. the current credit balance (before adjustments) in the allowance for doubtful accounts is $1,200. the journal entry to record the adjustment to the allowance account includes a debit to bad debts expense for $4,800. true or false