Consider the following reaction at 0ºC: S(s) + 4NO(g) ↔ SO₂(g) + 2N₂O(g). A student places 0.025 moles of solid sulfur and 0.100 moles of nitrogen monoxide gas in a closed 1.00 L container at 0ºC for several days. Calculate the number of molecules of NO in the 1.00L container after equilibrium is reached, given the following thermodynamic data:

S(s)                NO(g)              SO₂(g)             N₂O(g)

31.9                 211                 256                   220   Sº (J K^-1 mol^-1)

0.00                 90.4                -297                   81.6 ΔHº_f(kJ mol^-1)

My professor says the answer should be around 25 molecules of NO

After a Organic Lab of TLC I never understood the actual science behind the experiment.

Why is it important to have an evenly packed column free of any air pockets?

2. Why was it necessary to add DCM in order to get our mixture to completely dissolve?

3. Why did the yellow compound remain mostly stationary until the DCM was run through the column?

4. What was the purpose of running a TLC of our fractions? 5. Can Rf values ever be greater than 1? Equal to 1?

6. Why is it important that the TLC jars are kept closed so that no solvent evaporates? (Hint: Do the solvents evaporate at the same rate?)

PaperPro had previously acquired PaperExpo, which independently generates $800 million per year in revenues, with no material growth. The consolidated revenues for PaperPro (post-acquisition) are $1.5 billion in year 1, $1.8 billion in year 2 (the year of the acquisition), and $2.5 billion in year 3. If PaperPro closed the acquisition of PaperExpo on October 1 of year 2, what is the apples-to-apples organic growth for PaperPro in year 2 and year 3? How does this differ from reported revenue growth? Assume PaperExpo’s revenues are consolidated into PaperPro’s revenues only after the acquisition close and that the fiscal year closes for both companies on December 31 of each year.

1. What is the journal entry to record depreciation for a tractor that originally cost $100,000, has no salvage value, and a useful life of 5 years? Does the entry to record depreciation on the tractor affect net income?

2. What is the book value of the tractor after year 1 of depreciation? How did you calculate it? What is the book value of the tractor after 5 years of depreciation? What does this mean?

3. During the closing process, certain accounts are closed, and others are never closed. These are called temporary and permanent account, respectively. Explain which of the following are temporary and which are permanent accounts.

Depreciation Expense

Accumulated Depreciation

Gain

Loss

4. What is the normal balance and on which financial statement are the following recorded:

Gain

Loss

5. What is the journal entry to sell a tractor for $75,000 with an original cost of $100,000. It's Accumulated depreciation at the time of sell is $50,000. Be sure to calculate the gain or loss. Remember gains have a credit balance and losses have a debit balance!

6. When using the double declining method of depreciation, depreciation each year would

Increase

Decrease

7. Depreciation expense is found on which financial statement?

Income Statement

Balance Sheet

8. Each period, a company records depreciation with the following entry:

Debit Depreciation expense; Credit Accumulated Depreciation

Debit Accumulated Depreciation; Credit Depreciation Expense

Debit Truck; Credit Cash

Debit Cash; Credit Truck

9. The initial journal entry to purchase a truck would be

Debit Depreciation Expense; Credit Cash

Debit Cash; Credit Truck

Debit Truck; Credit Cash

Debit Accumulated Depreciation; Credit Cash

Can you please solve this problem. The correct answer that should be found is below. Thank You

Early in 2015, Logan Corporation engaged Reese, Inc. to design and construct a complete modernization of Logan's manufacturing facility. Construction was begun on January 1, 2015 and was completed on December 31, 2015. Logan made the following payments to Reese, Inc. during 2015:

In order to help finance the construction, Logan issued $2,000,000 of 10-year, 9% bonds payable, issued at par on January 2, 2015, with interest payable annually on December 31.

In addition to the 9% bonds payable, the only debt outstanding during 2015 was a $500,000, 12% note payable dated January 1, 2010 and due January 1, 2020, with interest payable annually on January 1 and a $1,000,000, 10% bond payable dated July 1, 2011 due June 30, 2021 with interest paid annually.

Compute the interest to be capitalized in 2015. Logan uses the specific interest method. Show computations. The correct answer should be $244,200

ASSIGNMENT 1
GBSw LTD
Chooye Haatimba (CH), a recent MBA graduate, was recruited as a Loan Officer of an indigenous bank. He had previous banking experience at the bank. His first assignment in this position was to review the account of GBSw, a long-standing client of the bank. GBSw has applied for an increase in their line of credit from K36,000 to K48,000 and also requested a 10-year extension on a K24,000 due on October 2020. CH’s started by doing some research into the background of the company. The company was formed in 1978 by Austin Simamba, in mid-40’s, who decided to own and operate his own business in the country. The company manufactured and sold high quality sporting wear. It remained small until 2000’s. Sales grew steadily, going from K51,600 in 2000, to K110,400 in 2005, and   K241,200 in 2010, and K308,400 in 2015. Of these sales 70% were on credit. Until 2010, GBSw had been a operated by the Simamba family. In 1994 Manns Simamba took over from his father in 1994. Under his management GBSw was growing tremendously in sales and profits. Upon his retirement in 2014, GBSw was sold two times within the next year – first to a group of Ndola businessmen and then to a group of Kitwe businessmen headed by Martin Haambotwe, thus ending the 36-year Simamba control of the business. The Simamaba family had been quite conservative in their management of GBSw, limiting the product line to high quality sporting wear sold only in sporting shops and specially approved men’s wear stores, but the Haambotwe syndicate took a more aggressive approach. They expanded the product line to include sporting shorts, sporting jackets, T-shirts and sweaters, drastically expanding the discount stores. This expansion in the product line was financed in large part through the issuance of K90,000 10% long term loan in October 2018. This debt was due in 15 years (2033), and carried a sinking fund provision of K6,000, with the first sinking fund payment being made one year after the debt was issued. Apart from the K24,000 bank loan due in June 2020, this was the first long term debt that GBSw had contracted, previously limiting the capital structure to ordinary shares. The Haambotwe group was hopeful that this aggressive expansion, relying on heavily on the good name of GBSw, would help to recapture the company’s growth recorded in the 2000’s. For the past four years the Bank has granted GBSw a line of credit for K36,000. The need for seasonal borrowing for GBSw is a result of its highly seasonal sales pattern and limited production facilities. Throughout the year GBSw is forced to keep production near full capacity, building large inventories that will be reduced from mid-July through December when 90% of the sales take place. Thus, for GBSw, short term borrowing generally reaches a peak in August and is completely repaid by the end of November. While they have had a line of credit of K36,000 for the past four years, the company’s high credit was only for K31,200 in August 2018. In preparing his report for the Bank, CH will be required to prepare a statement of cash flow for the past 2 years, to provide some insight into how GBSw has used its funds in the past. A complete ratio analysis of the firm, focusing on liquidity, debt, coverage, and profitability ratios, also will be necessary. In addition to the calculations of these ratios and an analysis of them, a tentative recommendation on both the line of credit and the loan extension is required by CH.
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The analysis will be based upon the financial data in Exhibits 1,2 and 3. EXHIBIT 1                                                                        GBSw Ltd              Statement of Income for years ending August 31, 2017 through 2019
2017 2018 2019                      K000 K000 K000 Net sales 247.2 290.4 308.4 Cost of goods sold 176.4 207.6 220.8 Gross profit   70.8   82.8   87.6 Other operating expenses (Admin, selling and general)   11.916   21.936 26.796 Depreciation      7.8     7.8     7.8    19.716 29.736   34.596 Profit before interest and taxes   51.084 53.064   53.004 Finance cost (Interest expense)     2.4     2.4     2.4 Profit before tax   48.684 50.664 50.604 Income tax    17.039 17.732 17.111 Net profit after tax   31.645 32.932 33.493 Dividends paid    19.800 22.050 22.050 Retained profit   11.845 10.882 11.443   
  
EXHIBIT 2                                                                       GBSw Ltd                        Statement of financial position as at August 31,2017 to 2019             2017            2018            2019 K’000 K’000 K’000 K’000 K’000 K’000 ASSETS       Non-current assets 274.80 324.00 414.00 Accumulated depreciation   75.60    79.20    82.80    199.20 244.80 331.20 Goodwill 144.00 144.00 144.00 Non-current assets 343.20 388.80 475.20 Current assets       Inventory (Note 1)    43.20   57.60    75.60 Trade receivables     16.80   21.60    18.00 Cash and bank   25.20   21.60    19.20 Total current assets   85.20 100.80 112.80 Total assets 428.40 489.60 588.00 Current liabilities       Line of credit 28.80 31.20 28.80 Trade payables    8.40 12.00 19.20 Accrued expenses   3.60    6.00    9.60 Total current liabilities 40.80 49.20   57.60
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Bank loan (due June 2020) 24.00 24.00 24.00 Long term debt - - 90.00    24.00 24.00 114.00 Total liabilities 64.80 73.20 171.60 Assets less liabilities 363.60 416.40 416.40 Equity       Ordinary share capital 192.00 204.00 204.00 Share premium 120.00 156.00 156.00 Revenue reserves    51.60    56.40    56.40 Equity 363.60 416.40 416.40       
Note 1 Inventory   2017 2018 2019 K’000 K’000 K’000 Raw materials and supplies    9.60 12.00   14.40 Work in progress 31.20 42.00   55.20 Finished goods   2.40   3.60     6.00 Total inventory 43.20 57.60   75.60
EXHIBIT 3 INDUSTRY AVERAGES FOR SELECTED RATIOS RATIO AVERAGE Gross profit margin 23.4% Net profit margin    9.64% Return on assets (Earning power) 7.96% Asset turnover 0.826 times Inventory turnover 3.877 times Average collection period 40.3 days Current ratio 1.943 Acid test ratio 0.969 Total debt to equity 0.636 Long term debt to total capitalisation 0.487 Interest coverage ratio 4.533 times
Required 1. Compute the financial ratios for GBSw for 2017 to 2019 2. Comment on the strengths and weaknesses revealed by this analysis 3. If a value for annual cash flow before interest and taxes was available, what other ratio might be useful? Is such a ratio meaningful? Why? 4. Assuming that a value for annual cash flow before interest and taxes is not available, how might the interest coverage be modified to examine coverage other fixed charges for GBSw? What does this analysis indicate? (Use 35%as the tax rate)
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5. Prepare a statement of cash flow for 2018 and 2019. What is the significance of such an analysis? 6. Prepare a proforma statement of income for GBSw for 2018 and 2019. What is the purpose of this analysis? 7. What should CH’s recommendation be? Justify your answer  

Lina, a Malaysian citizen, is planning to expand her business of exporting Tupperware into Japan.
Kenji, a Japanese citizen, is very interested to be the distributor for Lina’s good. After nearly one
week of negotiation, both of them had agreed for the goods to be delivered through maritime mode of
transportation.
However, Lina is worried about the payment method and the cost incurred by her if the goods were
damaged while in transit.

(a) discuss whether the use of bill of lading in the contract between Lina and Kenji will provide
the necessary protection for Lina. Support your answer with relevant cases.
(b) in your opinion, does Incoterms 2010 manage to solve problem in relation to the obligation
and the liabilities of seller and buyer in international business contract. Support your answer
with relevant laws.