Determine the pH during the titration of 73.5
mL of 0.429 M acetic acid
(Ka = 1.8×10-5) by
0.429 M KOH at the following
points. (Assume the titration is done at 25 °C.)
(a) Before the addition of any KOH
(b) After the addition of 17.0 mL of
KOH
(c) At the half-equivalence point (the titration midpoint)
(d) At the equivalence point
(e) After the addition of 110 mL of
KOH
In: Chemistry
An unmarked police car traveling a constant 85 km/h is passed by a speeder traveling 139 km/h . Precisely 1.00 s after the speeder passes, the police officer steps on the accelerator; if the police car's acceleration is 2.40 m/s2 , how much time passes after the police car is passed by a speeder and before the police car overtakes the speeder (assumed moving at constant speed)?
In: Physics
Chapter 7 Accounting for Bad Debts
Problem 7-1 - Accounting for Bad Debts
The Solo Company was started on January 1, 2010. The following
events occurred
during 2010 and 2011.
2010
1. Provided $4,000 of services on account.
2. Collected $3,000 cash from accounts receivable.
3. Estimated uncollectible accounts expense to be 1.5% of 2010 credit sales.
2011
1. Wrote off $40 of accounts receivable that were deemed uncollectible.
2. Provided $6,500 of services on account.
3. Collected $5,400 cash from accounts receivable.
4. Received $5 from a bad debt that had been previously written off. Reinstated the account.
5. Recorded the $5 cash received from the receivable reinstated in Event No. 4.
6. Estimated uncollectible accounts expense to be 1% of 2011 credit sales.
Required
a. Record the events in T-accounts, including closing the revenue and expense accounts to retained earnings.
b. Record the events using the horizontal financial statements model under the titles of the affected accounts. Record a zero under each heading not affected by a given event. Compare the final balances in the T-accounts from Part a with the ending balances in the horizontal financial statements model.
Problem 7-1 Workpaper, part a. T-accounts, 2010
|
Ledger T-Accounts |
|||||||||
|
Cash |
Liabilities |
Retained Earnings |
|||||||
|
Bal. 3,000 |
3,940 Bal. |
||||||||
|
Accounts Receivable |
Services Revenue |
||||||||
|
Bal. 1,000 |
960 |
||||||||
|
Allow. for Doubt. Accts. |
Bad Debts Expense |
||||||||
|
60 Bal. |
|||||||||
Problem 7-1 Workpaper, part b. Horizontal Financial Statements Model, 2010
|
Event |
Assets |
= |
Liab. |
+ |
Equity |
Rev. |
– |
Exp. |
= |
Net Inc. |
Cash Flow |
||||||||
|
No. |
Cash |
+ |
Accts. Rec. |
+ |
(Allow.) |
= |
Ret. Earn. |
||||||||||||
|
Beg. bal. |
0 |
+ |
0 |
+ |
0 |
= |
0 |
+ |
0 |
0 |
– |
0 |
= |
0 |
0 |
||||
|
1. |
0 |
+ |
+ |
= |
+ |
– |
= |
||||||||||||
|
2. |
+ |
+ |
= |
+ |
– |
= |
|||||||||||||
|
3. |
+ |
+ |
= |
+ |
– |
= |
|||||||||||||
|
Totals |
3,000 |
+ |
1,000 |
+ |
(60) |
= |
0 |
+ |
3,940 |
4,000 |
– |
60 |
= |
3,940 |
3,000 NC |
||||
Problem 7-1 Workpaper, part a. T-accounts, 2011
|
Ledger T-Accounts |
|||||||||
|
Cash |
Liabilities |
Retained Earnings |
|||||||
|
Bal. 3,000 |
0 |
3,940 Bal. |
|||||||
|
0 |
|||||||||
|
0 |
10,375 |
||||||||
|
Bal. 8,405 |
0 |
||||||||
|
Accounts Receivable |
Services Revenue |
||||||||
|
Bal. 1,000 |
|||||||||
|
0 |
|||||||||
|
Bal. 2,060 |
0 |
||||||||
|
Allow. for Doubt. Accts. |
Bad Debts Expense |
||||||||
|
60 Bal. |
|||||||||
|
0 |
|||||||||
|
0 |
90 Bal. |
||||||||
Problem 7-1 Workpaper, part b. Statements Model, 2011
|
Event |
Assets |
= |
Liab. |
+ |
Equity |
Rev. |
– |
Exp. |
= |
Net Inc. |
Cash Flow |
||||||||
|
No. |
Cash |
+ |
Accts. Rec. |
+ |
(Allow.) |
= |
Ret. Earn. |
||||||||||||
|
Beg. bal. |
3,000 |
+ |
1,000 |
+ |
(60) |
= |
0 |
+ |
3,940 |
0 |
– |
0 |
= |
0 |
0 |
||||
|
1. |
+ |
+ |
= |
+ |
– |
= |
|||||||||||||
|
2. |
+ |
+ |
= |
+ |
– |
= |
|||||||||||||
|
3. |
+ |
+ |
= |
+ |
– |
= |
|||||||||||||
|
4. |
+ |
+ |
= |
+ |
– |
= |
|||||||||||||
|
5. |
+ |
+ |
= |
+ |
– |
= |
|||||||||||||
|
6. |
+ |
+ |
= |
+ |
– |
= |
|||||||||||||
|
Totals |
8,405 |
+ |
2,060 |
+ |
(90) |
= |
0 |
+ |
10,375 |
6,500 |
– |
65 |
= |
6,435 |
5,405 NC |
||||
In: Accounting
|
Using the following information, prepare the Statement of Cash Flows for Corbett Enterprises for the year ended December 31, 2017 in the Answer sheet in this Excel spreadsheet. Place parentheses around those figures in the statement representing cash outlays. Then answer the 4 multiple choice questions in the Answer sheet in this Excel spreadsheet. Notice that the ? is beside Cash received from customers. You will need to prepare the Statement of Cash Flows with the other amounts and solve for Cash received from customers. |
||||||||
|
Cash paid to acquire marketable securities |
$370,000 |
|||||||
|
Proceeds from sale of marketable securities |
17,500 |
|||||||
|
Proceeds from issuance of capital stock |
280,000 |
|||||||
|
Proceeds from issuance of bonds payable |
55,000 |
|||||||
|
Payments to settle short-term debt |
32,500 |
|||||||
|
Interest and dividends received |
10,000 |
|||||||
|
Cash received from customers |
? |
|||||||
|
Dividends paid |
130,000 |
|||||||
|
Cash paid to suppliers and employees |
1,030,000 |
|||||||
|
Interest paid |
25,000 |
|||||||
|
Income taxes paid |
70,000 |
|||||||
|
Cash and cash equivalents, January 1, 2010 |
43,000 |
|||||||
|
Cash and cash equivalents, December 31, 2010 |
58,000 |
|||||||
|
Cash flows from operating activities: |
||||||||
|
Cash provided by operating activities |
$0 |
|||||||
|
Cash paid to suppliers and employees |
||||||||
|
Cash disbursed for operating activities |
- |
|||||||
|
Net cash flows ________ by operating activities: |
$0 |
|||||||
|
Cash flows from investing activities: |
||||||||
|
Net cash _______ by investing activities |
0 |
|||||||
|
Cash flows from financing activities: |
||||||||
|
Net cash ________ by financing activities |
0 |
|||||||
|
Net increase (decrease) in cash |
$0 |
|||||||
|
Cash and cash equivalents, beginning of year |
||||||||
|
Cash and cash equivalents, end of year |
$0 |
|||||||
|
Using the above information, indicate the best answer for each question in the space provided to the left of the question. |
||||||||
|
1 |
Corbett Enterprises' cash flow from investing activities during 2010 is: |
|||||||
|
a. $390,000 net cash used by investing activities. |
||||||||
|
b. $322,500 net cash provided by investing activities. |
||||||||
|
c. $352,500 net cash used by investing activities. |
||||||||
|
d. $360,000 net cash used by investing activities. |
||||||||
|
2 |
Corbett Enterprises' cash flow from financing activities during 2010 is: |
|||||||
|
a. $322,500 net cash provided by financing activities. |
||||||||
|
b. $172,500 net cash provided by financing activities. |
||||||||
|
c. $127,500 net cash provided by financing activities. |
||||||||
|
d. $375,000 net cash provided by financing activities. |
||||||||
|
3 |
Corbett Enterprises' cash flow from operating activities during 2010 is: |
|||||||
|
a. $45,000 net cash provided by operating activities. |
||||||||
|
b. $1,155,000 net cash used by operating activities. |
||||||||
|
c. $240,000 net cash provided by operating activities. |
||||||||
|
d. $195,000 net cash provided by operating activities. |
||||||||
|
4 |
In the 2010 statement of cash flows for Corbett Enterprises, the amount of cash received from customers is: |
|||||||
|
a. $1,310,000 |
||||||||
|
b. $1,103,000 |
||||||||
|
c. $1,233,000 |
||||||||
|
d. $1,293,000 |
||||||||
In: Finance
A five-year loan is being repaid with level monthly installments, one at the end of each month beginning on 1/1/2018 and ending on 12/31/2022. A 12% nominal annual interest rate compounded monthly was used to determine the amount of each monthly installment.
In which of the following periods does the outstanding loan balance first fall below one-half of the original amount of the loan?
a) January 2018 through March 2020
b) April 2020 through June 2020
c) July 2020 through September 2020
d) October 2020 through December 2020
e) January 2021 through December 2022
In: Finance
exothermic methods to create a closed system using an immersion heat coil...for 5,000 gallon tank....no judgement all methods or ideas welcome
In: Mechanical Engineering
There are several different types of gated channel proteins. Name one and describe under what conditions the channel is open and what conditions it is closed.
In: Biology
Discuss the fiscal policies of the Reagan Administration. Provide a graph (properly labeled) that supports your discussion and that shows how the recessionary gap was closed.
In: Economics
Describe the three kinds of evidence that economists use to support the assertion
that economies open to the world economy grow faster than economies that are closed.
In: Economics
What caused the demise of Bretton Woods system? What was the role of US economic policies in that demise? Why was the "Gold window" closed in 1971?
In: Economics