1(b): you are the operations manager at your firm. due to a pre-existing contract, you have the opportunity (but not the obligation) to acquire 30,000 barrels of gasoline and 50,000 barrels of heating oil for a total cost of $7,500,000. the current market price of gasoline is $2.0785 per gallon and for heating oil is $93.08 per barrel. one barrel = 42 gallons. you are not sure that your firm needs all of the gasoline or heating oil. as a result, you are wondering if you should take this opportunity. should you accept or reject this opportunity?

Suppose the following items were taken from the balance sheet of nike, inc. (all dollars are in millions.) 1. cash $ 2,316.7 7. inventory $ 2,245.6 2. accounts receivable 2,786.2 8. income taxes payable 80.3 3. common stock 2,841.1 9. equipment 1,783.8 4. notes payable 291.2 10. retained earnings 6,162.5 5. buildings 3,959.7 11. accounts payable 2,624.6 6. mortgage payable 1,092.3 perform each of the following. classify each of these items as an asset, liability, or stockholders’ equity, and determine the total dollar amount for each classification. (enter amounts in millions up to 1 decimal place, e. g. 45.5 million.) cash accounts receivable common stock notes payable buildings mortgage payable inventory income taxes payable equipment retained earnings accounts payable assets $ 13092 liability $ 4088.4 stockholders’ equity $ 9003.6 etextbook and media determine nike’s accounting equation by calculating the value of total assets, total liabilities, and total stockholders’ equity. (enter amounts in millions up to 1 decimal place, e. g. 45.5 million.) total assets = total liabilities + total stockholders’ equity

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Who has summer school : ( because i do : (