The US consumes about 5.5 billion barrels of crude oil per year (the 4.5 billion in the last question is only imports, and it includes imports of other products, including refined gasoline as well as natural gas.) Gasoline, in turn, accounts for about 2/3 of the total oil used for transportation in the United States, with much of the rest going to non-gasoline specialized fuels for airplanes, trains, etc. Assuming again that one barrel of oil produces 25 gallons of gas, how many gallons of gasoline are used for transportation in the US in a year

You have $22,000 to invest in a stock portfolio. your choices are stock x with an expected return of 11 percent and stock y with an expected return of 13 percent. if your goal is to create a portfolio with an expected return of 11.74 percent, how much money will you invest in stock x? in stock y?

Materials purchases (on credit). direct materials used in production. direct labor paid and assigned to work in process inventory. indirect labor paid and assigned to factory overhead. overhead costs applied to work in process inventory. actual overhead costs incurred, including indirect materials. (factory rent and utilities are paid in cash.) transfer of jobs 306 and 307 to finished goods inventory. cost of goods sold for job 306. revenue from the sale of job 306. assignment of any underapplied or overapplied overhead to the cost of goods sold account. (the amount is not material.) 2. prepare journal entries for the month of april to record the above transactions.

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