3) A reaction vessel at 27 ∘C contains a mixture of SO2(P= 3.10 atm ) and O2(P= 1.10 atm ). When a catalyst is added the reaction 2SO2(g)+O2(g)⇌2SO3(g) takes place. At equilibrium the total pressure is 3.95 atm . Find the value of Kc.

4) Consider the following reaction: NH4HS(s)⇌NH3(g)+H2S(g)
An equilibrium mixture of this reaction at a certain temperature was found to have [NH3]= 0.282 Mand [H2S]= 0.370 M . What is the value of the equilibrium constant (Kc) at this temperature? What is Δn for the following equation in relating Kc to Kp?

5) N2(g) + 3 F 2(g) ↔ 2 NF 3(g)

What is Δn for the following equation in relating Kc to Kp?

N2(g) + 3 F 2(g) ↔ 2 NF 3(g)

4
-4
2
1
-2

6) Use the reactions below and their equilibrium constants to predict the equilibrium constant for the reaction, 2A(s)⇌3D(g).
A(s)⇌12B(g)+C(g)K1=0.0334
3D(g)⇌B(g)+2C(g)K2=2.35

Given that the density of air at 0.987 bar and 27°C is 1.146 kg m 3, calculate the mole fraction and partial pressure of nitrogen and oxygen assuming that a) air consists only of these two gases b) air also contains 1.0 mole per cent Ar. Please show step by step of calculations.

a) For the last 3 years, the JCR corporation has averaged annual gross receipts of $27 million. This year, JCR has EBITDA of $6,000,000, and it has incurred $2,100,000 in business interest expense. What can JCR deduct as business interest in the current year?

b) Assume that in the following year, JCR has EBITDA of $7,000,000, and it has incurred $1,500,000 in business interest expense. What can JCR deduct as business interest?

Q No.14
In July 2005, Nasir Jamal started business and completed following transactions

July 1 He deposited Rs. 165,000 cash in a business bank account.(use cash as title)
July 2 Purchased equipment for Rs. 55,000 from ABC Co. paid Rs.20,000 and balance will be paid after three month
July 7 Paid rent for three months Rs. 1500
July 12 Purchase goods on credit from Khan & Co. Rs. 1200
July 17 Paid salaries to staff Rs. 2500
July 20 Paid to Khan &Co.Rs. 700
July 23 Paid insurance Rs. 400
July 27 Nasir withdrew Rs. 1500 cash from the business for personal use

INSTRUCTION
a. Prepare journal entries
b. Post to ledger accounts
c. Prepare trial balance at July 31,2015

Which of the following statements is true in cases where only one party drafts a contract that contains terms that appear vague and ambiguous to the other party? A. The court will give the terms the meaning as per trade usage. B. The court will reject the non-drafting party’s attempt to reinterpret the terms after the contract has been signed. C. The court will declare the drafting party’s behavior as a tort due to intentional ambiguity of terms. D. The court will interpret the terms as they mean in the common language. E. The court will interpret the ambiguous and vague terms against the party that drafts them.

10__C__Which of the following states that parties to a complete and final written contract cannot introduce oral proof in court that changes the intended meaning of the written terms?

A. the statute of frauds

B. the exclusionary rule

C. the parol evidence rule

D. the statute of limitations

E. the assignor rule

11--Which of the following statements is true of publicly held business organizations?

A. Publicly held organizations are owned only by a few persons.

B. Publicly held organizations are only owned by the government.

C. Shareholders of publicly held organizations can transfer their ownership without interfering with the organization’s management.

D. A family-operated business is an example of a publicly held business organization.

E. Publicly held organizations are free from all legal liabilities to its shareholders, which is the primary reason for this corporate form being used.

Fill in the blank options questions 16:

0.66:1

cost of goods available for sale

estimated cost of goods sold

FIFO

first-in, first-out

gross margin method

higher      

historical

last-in, first-out

less

LIFO

Lower

Merchandise Inventory

net sales

replacement

retail inventory method

Fill in the blank options questions 17:

$840

$957

$990

$1017

$1525.50

$3360

$3393

$3510

$32250

$32500

$54000

$55880

Fill in the blank options questions 18:

Overstated

understated

Fill in the blank options questions 19(1-3 Ending Inventory/Cost of Goods Sold):

$840

$957

$990

$1017

$1525.50

$3360

$3393

$3510

$32250

$32500

$54000

$55880

Fill in the blank options questions 20:

0.66:1

cost of goods available for sale

estimated cost of goods sold

FIFO

first-in, first-out

gross margin method

higher      

historical

last-in, first-out

less

LIFO

Lower

Merchandise Inventory

net sales

replacement

retail inventory method

FINANCIAL REPORTING & ANALYSIS - chapter 3- Question E3-1

The time frame in each of these scenarios is after the effective date of the new revenue recognition

rules in ASC Topic 606.

Required:

For each of the following independent situations, determine the point at which a contract

exists and is subject to application of the 5-step revenue recognition model by Amiel

Corporation.

1. A regular customer of Amiel’s always places an order on the last day of the month,

but did not do so in December. Amiel is certain it is because the customer’s

purchasing

manager was ill and that the order will be received when she returns. In

fact, the order is received by fax in early January, with an apology from the customer’s

purchasing

manager and a note requesting that Amiel “expedite shipment of this

December order.”

2. One of Amiel’s customers calls and gives Amiel a list of goods it intends to buy, but with

the caveat that the order is subject to the approval of the purchasing manager, who will

not be in for several days. In fact, the order is received by fax several days later when the

purchasing manager returns.

3. One of Amiel’s customers calls and gives Amiel an order. Amiel typically receives orders

by fax and asks the customer to confirm the order by fax, which it does several days later.

4. Amiel and one of its customers agree that Amiel will sell it certain goods, but that the

price will depend on the price of oil two weeks later. Amiel and the customer have agreed

on a formula that will determine the price of the goods based on the price of oil. Amiel

makes this arrangement because oil is a key component of the goods Amiel sells

On January 1, 2018, Red Flash Photography had the following balances: Cash, $19,000; Supplies, $8,700; Land, $67,000; Deferred Revenue, $5,700; Common Stock $57,000; and Retained Earnings, $32,000. During 2018, the company had the following transactions:  

The following information is available on December 31, 2018:
  
1. Employees are owed an additional $4,700 in salaries.
2. Three months of the rental space has expired.
3. Supplies of $5,700 remain on hand.
4. All of the services associated with the beginning deferred revenue have been performed.

1February 15Cash27,000Common stock27,0002May 20Cash42,000Accounts receivable37,000Service revenue79,0003August 31Salaries expense30,000Cash30,0004October 01Prepaid rent19,000Cash19,0005November 17Supplies29,000Accounts payable29,0006December 30Dividends2,700Cash2,7007December 31Salaries expense4,700Salaries payable4,7008December 31Rent expensePrepaid rent9December 31Supplies expense30,000Supplies30,00010December 31Deferred revenue5,700Service revenue5,70011December 31Service revenueRetained earnings12December 31Retained earningsSalaries expenseSupplies expenseRent expense13December 31Retained earnings2,700Dividends2,700

A company has beginning inventory of 17 units at a cost of $17 each on February 1. On February 3, it purchases 27 units at $19 each. 21 units are sold on February 5. Using the FIFO periodic inventory method, what is the cost of the 21 units that are sold?

First, select a publicly held company. Retrieve their annual financial statements either from their website or from the SEC EDGAR Company Filings. Note: do a search for "Option" and make sure the selected company uses option contracts.

What is the company you have selected?

What is the company using their option contract for?

What is the value of the option contract in the Annual Statements?

Copy/paste a picture of the value from the financial statements.

Imagine you are a retiree from this company and received stock as part of your pension package benefit. What would you do with the shares to earn extra money above the dividends?