A Farmer Has A14%-Solution and a 2%-Solution of Pesticide

question 33

Essay

A farmer has a14%-solution and a 2%-solution of pesticide. How much of each must she mix to have 200 gal of a 8% solution for her sprayer?
Amount of 14%-solution used: __________ gal
Amount of 2%-solution used: __________ gal

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Definitions:

U.S.GAAP

Generally Accepted Accounting Principles in the United States, a collection of financial reporting standards utilized in the U.S. for accounting purposes.

IFRS

The International Financial Reporting Standards (IFRS) are a set of accounting standards developed by the International Accounting Standards Board (IASB), aimed at making global financial reporting more transparent and comparable.

OCI

Other Comprehensive Income, which includes revenues, expenses, gains, and losses that are not included in net income and directly affect shareholders' equity.

Weighted-Average Method

An inventory costing method that calculates the cost of goods sold and ending inventory based on the average cost of all items available for sale during the period.