The following data relate to notes receivable and interest for CGH Cable Co., a cable manufacturer and supplier. (All notes are dated as of the day they are received.)

(i) Explain why the wavenumber value of CO in the majority of metal carbonyl complexes is lower than that for CO gas (2143 cm-1 ). [3 marks]

(ii) Explain why the value of CO for both H3B-CO (2164 cm-1 ) and cis- [(C6F5)2Pd(CO)2] (2186 cm-1 ) is higher than that for CO gas. [2 marks]

During February, $76,790 was paid to creditors on account, and purchases on account were $98,290. Assuming the February 28 balance of Accounts Payable was $33,020, determine the account balance on February 1.

On October 1, the accounts receivable account balance was $44,700. During October, $388,900 was collected from customers on account. Assuming the October 31 balance was $51,400, determine the fees billed to customers on account during October.

On April 1, the cash account balance was $12,970. During April, cash receipts totaled $197,140 and the April 30 balance was $9,340. Determine the cash payments made during April.

On October 7, Monty Company sold merchandise to a customer for $1,200 with credit terms of 2/10, n/30. The cost of the merchandise is $800. On October 10, Monty granted the customer a $100 allowance on the merchandise the customer purchased on October 7. In the October 10 journal entry, Monty will:

Debit Merchandise Inventory $100; credit Cost of Goods Sold $100

Debit Merchandise Inventory $100; credit Sales Returns and Allowances $100

Debit Sales Returns and Allowance $100; credit Accounts Receivable $100

Debit Sales Discounts $100; credit Accounts Receivable $100

The fiscal year ends December 31 for Development. Inc. To provide funding for its construction project, Development. Inc. issued -% bonds with a face amount of $---,--- on September 1, 2021.The bonds sold for $---,---, a price to yield the market rate of -%. The bonds mature October 31, 2041 (20 years). Interest is paid semiannually on April 30 and October 31.

On September 1, 2021, would interest have to be accrued from April 30 to September 1? So the interest paid on October 31 will be for the entire 6 months?
Also until October 31, none of this accrued interest will impact the amortization of the bond?

The treasurer of Yoda Inc. needs to estimate cash collections from accounts receivable for September, October, and November 2018. Forty percent of the company’s customer’s pay in cash the rest are credit customers. The collection pattern for the credit customers is 20% in the month of the sale and 80% in the following month. They have zero uncollectible accounts. Estimated total sales are as follows:

August            $70,000

September       $80,000

October           $90,000

November       $100,000

a. What is Yoda’s cash collections for September, October, and November?

- September cash collections:

- October cash collections:

- November cash collections:

b. The accounts receivable balance at the end of November will be:

Bob's Chocolate Chips and More, a bakery specializing in gourmet pizza and chocolate chip cookies, started business October 1, 2017. The following transactions occurred during the month of October.

1. Common stock of $90,000 was sold at par to start the business.
2. Equipment consisting of mixers and ovens was acquired October 1 for $30,000 cash. The equipment is expected to last five years, after which it is expected to be sold for $5,000. Management uses the straight-line method to calculate depreciation expense.
3. Ingredients costing $15,000 were purchased on account during the month and all but $5,000 was paid for by the end of the month.
4. Rent is $500 a month. October, November, and December’s rent was paid October 5.
5. A payment of $800 for utilities was made during the month.
6. Sixty percent of the ingredients purchased in part c were prepared and sold for $35,000 on account; $26,000 was collected on accounts receivable during the month.
7. Wages of $5,200 were paid during the month. Moreover, wages for the last three days of the month amounted to $400 and will be paid during the first week of November.
8. Borrowed $12,000 from the bank for additional working capital requirements, and $3,000 was repaid by month-end. Interest on the unpaid loan balance amounted to $450 at the end of October and was paid on November 5.

Required:

Prepare the required journal entries and adjusting entries as well as an October income statement and a balance sheet as of October 31, 2017 for Bob's Chocolate Chips and More. (Hint: You may want to consider using T-accounts to classify and accumulate the preceding transactions before preparing the statements.)

Production and Purchases Budgets
At the beginning of October, Comfy Cushions had 2,000 cushions and 12,500 pounds of raw materials on hand. Budgeted sales for the next three months are:

Comfy Cushions wants to have sufficient raw materials on hand at the end of each month to meet 25 percent of the following month's production requirements and sufficient cushions on hand at the end of each month to meet 20 percent of the following month's budgeted sales. Five pounds of raw materials, at a standard cost of $0.90 per pound, are required to produce each cushion.

Required
a. Prepare a production budget for October and November.
Do not use a negative sign with your answers.

b. Prepare a purchases budget for raw materials in units and dollars for October.
Do not use a negative sign with your answers.

Empire Company is a manufacturer of smart phones. Its controller resigned in October 2020. An inexperienced assistant accountant has prepared the following income statement for the month of October 2020.

EMPIRE COMPANY
Income Statement
For the Month Ended October 31, 2020
Sales revenue               $795,000   
Less:   Operating expenses                  
Raw materials purchases       $264,600           
Direct labor cost       190,200           
Advertising expense       91,000           
Selling and administrative salaries       77,800           
Rent on factory facilities       61,000           
Depreciation on sales equipment       45,800           
Depreciation on factory equipment       32,500           
Indirect labor cost       28,200           
Utilities expense       11,600           
Insurance expense       8,300        811,000   
Net loss               $(16,000)  

Prior to October 2020, the company had been profitable every month. The company’s president is concerned about the accuracy of the income statement. As her friend, you have been asked to review the income statement and make necessary corrections. After examining other manufacturing cost data, you have acquired additional information as follows.

1. Inventory balances at the beginning and end of October were:

October 1
October 31
Raw materials       $19,700       $36,000
Work in process       19,400       14,700
Finished goods       29,900       53,500

2. Only 75% of the utilities expense and 60% of the insurance expense apply to factory operations. The remaining amounts should be charged to selling and administrative activities.
(a)
Prepare a schedule of cost of goods manufactured for October 2020.

EMPIRE COMPANY
Cost of Goods Manufactured Schedule

This assignment requires you to write a business letter based on the concepts of persuasive messages discussed in the lesson.

Scenario:
You are the member of a student organization at Northeast State University which works to provide professional development opportunities for students. You saw an interesting article in a college magazine describing a “Suitable Suits” program another university implemented. Its career development office kept a closet with 21 crisp black suits of all sizes that students could borrow for job interviews. Students would make an appointment with the office and agree to dry clean the suits before returning them. The program at that university was paid for by a grant. Your student organization believes this would be a good program to implement at Northeast State and should be housed in the Career Services office.

Instructions:
Write a thorough letter to Ginger Martin, Director of Career Services, to persuade her to consider implementing a “Suitable Suits” program in the Career Services office. Think about what you are asking her to do, consider any objections she may have, anticipate her questions, make a strong case, consider what persuasion strategy you want to use, determine how to gain her attention and build interest, plan on how to reduce resistance, consider a motivating action.

Format the letter based on the guidelines discussed in the lesson or refer to Appendix A of your textbook. The letter should include the following guidelines:

Include a page header with your organization’s name and address

The address to your organization is NSU Box 321, University City, CO 45612

Send the letter to Ms. Ginger Martin

Her address is NSU Box 654, University City, CO 45612

Include the date

Include the inside address (who it is addressed to)

Include a salutation

Include an appropriate subject line

Include a complimentary closing

Include your printed name and title

Use all of the correct spacing between each component

Use a 1-inch margin, 12-point font, Times New Roman

Use Microsoft Words (No PDFs or Mac)

Use correct spelling and grammar