What is wrong in the below Picture?

Replace each alphabet with the number (1-9) to make the below equation correct.

AB * C = DE - F = GH / I

Evil warlock dislikes dwarfs and therefore he selects four of them and buries them. The dwarfs are buried in the ground and they are in such a way that except for their heads, their body is inside the ground. The dwarfs cannot move their body and they can view only forward. They are all buried in a line, and amongst the four, one of the dwarfs is separated by a wall. All the dwarfs are in the same direction. The last dwarfs can see two heads of friends in the front and a wall. In the last second dwarf can see one head of his friend and a wall. The second dwarf can see only the wall. The dwarf can see nothing.
Warlock comprehends the situation and tells the dwarfs that he has placed hats on their heads. There are two blue hats and two red ones. In all four dwarfs, one of them has to say what colour hat he is wearing. If the dwarf says the correct colour of the hat, they will be left free. If the answer is wrong, then they will be dug inside the ground till the very end.

What will be the answer by the dwarf and how will they answer?

What is the largest amount of money that you can possess in change and still if someone asks you for a dollar, you won't be able to give?

John went to meet his friend Jacob, but when he was about to reach the main gate, John notices that Jacob had a mighty dog who was fastened to the tree. The chain is long enough that it allows the dog to reach the main gate.

How can the John reach the main gate?

In a boat, the father of a sailor's son is sitting with the son of the sailor. However, the sailor is not present on the boat.

Can this even be possible?

John asked Jack, "The time right now is 7 pm. Can you tell me what will be the time 23, 999, 995 hours later ?"

While Bella does not know the answer, do you ?

A Japanese ship is sailing in the Indian Ocean. The captain of the ship feels tired and decides to take shower to be rejuvenated. He goes to take the shower after keeping his diamond-studded Rolex watch and gold chain on the table.
When he comes back after 15 minutes, he finds them missing. There are 4 crew members on the ship and he calls them one by one to ask them what they were doing in that duration.

Following are the answers:
1. Crew 'A' who is the cook replies that he was cooking mutton for the crew members.
2. Crew 'B' who is a housekeeper tells that he was sleeping in his room.
3. Crew 'C' who is the engineer says that he was checking on the generator.
4. Crew 'D' who is another housekeeper says that he was correcting the hoisted flag that was put upside down.

It took only a couple of seconds for the captain to find the thief. Can you find the thief too?

John went to a parrot shop in Mexico, and the parrot owner told him that his parrot is so unique that he repeats everything he hears. John got excited and immediately bought the parrot. John went home and spoke many words, but the parrot does not repeat anything.
He went again to the parrot shop and complaint to the shopkeeper, but the shopkeeper never lied. Explain?

You are given four results as below:
1111 = F
2222 = E
3333 = T
Then, can you find out how to code 4444?