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likoan [24]
4 years ago
8

The Shady Farm Milk Company can process milk at a fixed rate of 7,200 gallons/hour. The company’s clients request 91,000 gallons

of milk over the course of one day. This demand is spread out uniformly from 8 a.m. to 6 p.m. The company starts producing at 8 a.m. and continues to work until all of the demand has been satisfied. At noon, how many gallons of milk are in the queue to be processed?
Business
1 answer:
kogti [31]4 years ago
6 0

Answer:

62,200 gallons of milk are still at the queue to be processed by noon

Explanation:

Step 1: Determine quantity of milk processed by noon

Quantity of milk=processing rate per hour×number of hours

where;

processing rate=7,200 gallons/hour

number of hours=8 am-noon, 12-8=4 hours

replacing;

Quantity of milk=(7,200×4)=28,800 gallons

The quantity of milk processed by noon=28,800 gallons

Step 2: Determine total quantity of order

Total quantity=91,000

Step 3: Determine remaining quantity to be processed at noon

Remaining quantity=total quantity-quantity already processed by noon

where;

total quantity=91,000

quantity already processed by noon=28,800

replacing;

Remaining quantity=(91,000-28,800)=62,200 gallons

62,200 gallons of milk are still at the queue to be processed by noon

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If the Fed was worried about overheating (GDP growing too fast, inflationary pressures building), then the appropriate open mark
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The following selected transactions relate to investment activities of Ornamental Insulation Corporation during 2018. The compan
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Answer:

1. Mar.31

Dr Investment in Distribution Transformers bonds $510,000

Cr Cash $510,000

2. September 01,

Dr Investment in American Instruments bonds

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Cr Interest revenue $20,400

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Cr Fair value adjustment $8,000

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Dr Investment in M&D Corporation bonds $1,950,000

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Dr Interest receivable $41,000

Cr Interest revenue $41,000

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Dr Interest receivable $19,500

Cr Interest revenue $19,500

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Dr Fair value adjustment $22,000

Cr Unrealized holding gain—NI $22,000

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Preparation of the appropriate journal entry for each transaction or event during 2018, as well as any adjusting entries necessary at year end

1. Mar.31

Dr Investment in Distribution Transformers bonds $510,000

Cr Cash $510,000

2. September 01,

Dr Investment in American Instruments bonds

$1,230,000

Cr Cash $1,230,000

3 September 30

Dr Cash $20,400

Cr Interest revenue $20,400

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4 October 02

Dr Fair value adjustment $80,000

Cr Unrealized holding gain—NI $80,000

($590,000-$510,000)

5.October 02

Dr Cash $590,000

Cr Investment in Distribution Transformers bonds $510,000

Cr Fair value adjustment $8,000

6. November 01

Dr Investment in M&D Corporation bonds $1,950,000

Cr Cash $1,950,000

7 December 31

Dr Interest receivable $41,000

Cr Interest revenue $41,000

($1,230,000 x 10% x 4/12)

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Cr Interest revenue $19,500

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