A vessel contains a gaseous mixture of composition by volume 80% H2, and 20% CO. It is desired that the mixture should be made in the proportion 50% H2 and 50% CO by removing some of the mixture and adding some CO. Calculate, per kilomole of mixture, the mass of mixture to be removed and the mass of CO to be added. The pressure and temperature in the vessel remain constant during the process. Take the molar mass of H2 and CO as 2 kg/kmol and 28 kg/kmol, respectively. Hint: Since pressure, temperature, and volume did not change, the amount of substance (number of kilomoles) must remain the same throughout.
In: Other
Methanol (CH3OH) is made industrially in two steps from CO and H2. It is so cheap to make that it is being considered for use as a precursor to hydrocarbon fuels such as methane (CH4): Step 1. CO(g)+2H2(g)→CH3OH(l) ΔS∘ = -332J/K Step 2. CH3OH(l)→CH4(g)+1/2O2(g) ΔS∘ = 162J/K
a) Calculate an overall ΔG∘ for the formation of CH4 from CO and H2H2.
b) Calculate an overall ΔH∘ for the formation of CH4 from CO and H2.
c) Calculate an overall ΔS∘ for the formation of CH4 from CO and H2
In: Chemistry
J&L Co. is a U.S.-based MNC with net cash inflows of euros and net cash inflows of British pounds. These two currencies are highly correlated in their movements against the dollar. Magent Co. is a U.S.-based MNC that has the same level of net cash flows in these currencies as J&L Co. except that its euros represent net cash outflows. Which firm has a higher exposure to exchange rate risk?
Group of answer choices
the firms have about the same level of exposure
J&L Co.
Magent Co.
neither firm has any exposure
In: Finance
In: Accounting
Problem # 3 (Notes Receivable with Unrealistic Interest Rate) On December 31, 2015, Tran Co. performed environmental consulting services for Hayden Co. Hayden was short of cash, and Tran Co. agreed to accept a $100,000 zero-interest-bearing note due December 31, 2017, as payment in full. Hayden is somewhat of a credit risk and typically borrows funds at a rate of 15%. Tran is much more creditworthy and has various lines of credit at 8%.
Instructions
In: Accounting
On January 1, 2018, Legoria Co. issued $50 Million of 7%, 10-year bonds at $51.9 million. Legoria Co issued similar, but nonconvertible bonds at 99 (that is, 99% of face amount). The Bonds pay interest semiannually on June 30 and December 31. Each $1,000 bond is convertible into 30 shares of $1 par common stock. Legoria Co. amortizes the bond using straight-line.
On June 30, 2020 Legoria Co called in all of the bonds at a 4% premium. On June 30, 2020 Legoria Co paid the semiannual interest and issued the requisite number of shares for the bonds being converted.
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1. |
Prepare the journal entry(s) for the issuance of the bond on January 1, 2018 |
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2. |
Prepare the journal entry(s) for the December 31, 2019 interest payment by Legoria Co., assuming that Legoria Co. uses straight-line amortization. |
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3. |
Prepare the journal entries on June 30, 2020 for the interest payment by Legoria Co. and the conversion of the bonds. |
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4) |
Describe the underlying theory of why you recorded the Convertible Bond the way you did in part 1. |
In: Accounting
Tulip Co acquired 80% of the share capital of Daffodil Co on 1 June 2015. The summarised draft statements of profit or loss for Tulip Co and Daffodil Co for the year ended 31 May 2016 are shown below:
| Tulip Co | Daffodil Co | |
| €'000 | €'000 | |
| Sales revenue | 8,400 | 3,200 |
| Cost of sales | (4,600) | (1,700) |
| Gross profit | 3,800 | 1,500 |
| Operating expenses | (2,200) | (960) |
| Profit before tax | 1,600 | 540 |
| Taxation | (600) | (140) |
| Profit for the year | 1,000 | 400 |
During the year Tulip Co sold goods costing €1,000,000 to Daffodil Co for €1,500,000. At 31 May 2016, 30% of these goods remained in Daffodil Co’s inventory.
Required:
Prepare the Tulip group consolidated statement of profit or loss for the year ended 31 May 2016 by writing the appropriate numbers in the blanks.
TULIP GROUP CONSOLIDATED STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED 31 MAY 2016
| €'000 | |
| Sales revenue | |
| Cost of sales | |
| Gross profit | |
| Operating expenses | |
| Profit before tax | |
| Taxation | |
| Profit for the year | |
| Attributable to: | |
| Owners of the parent | |
| Non-controlling interest |
In: Accounting
In: Finance
How did the Transportation Revolution transform the American economy and society?
In: History