Question 1

How many orbitals are in a 4d subshell?

4 points

Question 2

Which of the following requires the greatest amount of energy to remove one valence electron from an atom?

4 points

Question 3

Which of the following bonds is most polar?

1) On January 4, Year 1, Barber Company purchased 7,500 shares of Convell Company for $84,500 plus a broker's fee of $1,500. Convell Company has a total of 37,500 shares of common stock outstanding and it is presumed the Barber Company will have a significant influence over Convell. During each of the next two years, Convell declared and paid cash dividends of $0.85 per share, and its net income was $97,000 and $92,000 for Year 1 and Year 2, respectively. What is the book value of Barber's investment in Convell at the end of Year 2?

A) $111,050.

B) $86,000.

C) $122,800.

D) $73,250.

E) $123,800.

2) The accountant for Crusoe Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available:

The amount of cash dividends paid during the year would be:

A) $253,000.

B) $179,000.

C) $46,000.

D) $258,500.

E) $281,000.

3) On February 15, Jewel Company buys 6,500 shares of Marcelo Corp. common stock at $28.68 per share plus a brokerage fee of $475. The stock is classified as long-term available-for-sale securities. This is the company’s first and only investment in available-for-sale securities. On March 15, Marcelo declares a dividend of $1.30 per share payable to stockholders of record on April 15. Jewel received the dividend on April 15 and ultimately sells half of the Marcelo stock on November 17 of the current year for $29.45 per share less a brokerage fee of $325. The journal entry to record the purchase on February 15 is:

A) Debit Long-Term Investments-AFS $186,420; credit Cash $186,420.

B) Debit Long-Term Investments-Trading $186,895; credit Cash $186,895.

C) Debit Long-Term Investments-HTM $191,425; credit cash $191,425.

D )Debit Long-Term Investments-AFS $186,895; credit Cash $186,895.

E) Debit Long-Term Investments-Trading $186,420; credit Cash $186,420.

4) Jeffreys Company reports depreciation expense of $58,000 for Year 2. Also, equipment costing $194,000 was sold for a $11,800 loss in Year 2. The following selected information is available for Jeffreys Company from its comparative balance sheet. Compute the cash received from the sale of the equipment.

A) $57,800.

B) $34,200.

C) $78,200.

D) $46,000.

E) $58,000.

5) Use the following information to compute the cost of goods manufactured. Assume that all raw materials used were traceable to specific units of product.

A) $35,750.

B) $35,150.

C) $36,650.

D) $36,350.

E) $42,650.

6) Memphis Company anticipates total sales for April, May, and June of $830,000, $930,000, and $980,000 respectively. Cash sales are normally 30% of total sales. Of the credit sales, 30% are collected in the same month as the sale, 65% are collected during the first month after the sale, and the remaining 5% are collected in the second month. Compute the amount of accounts receivable reported on the company’s budgeted balance sheet for June 30.

$480,200.

$543,900.

$512,750.

$851,950.

$922,950.

7) Landmark Corp. buys $400,000 of Schroeter Company's 7%, 5-year bonds payable at par value on September 1. Interest payments are made semiannually. Landmark plans to hold the bonds for the 5-year life. When the bonds mature, the journal entry to record the proceeds will be:

A) Debit Cash $400,000; credit Interest Receivable $400,000.

B) Debit Cash $400,000; credit Long-Term Investments-HTM $400,000.

C) Debit Cash $400,000; credit Interest Revenue $400,000.

D) Debit Cash $400,000; credit Bonds Payable $400,000.

E) Debit Long-Term Investments-HTM $400,000; credit Cash $400,000.

Problem 4-1 On January 1, 2011, Perelli Company purchased 90,000 of the 100,000 outstanding shares of common stock of Singer Company as a long-term investment. The purchase price of $4,974,200 was paid in cash. At the purchase date, the balance sheet of Singer Company included the following:

Current assets $2,909,500

Long-term assets 3,887,900

Other assets 756,100

Current liabilities 1,547,800

Common stock, $20 par value 1,996,500

Other contributed capital 1,900,500

Retained earnings 1,605,500

Additional data on Singer Company for the four years following the purchase are:

2011 2012 2013 2014

Net income (loss) $1,984,600 $480,200 ($178,200 ) ($324,300 )

Cash dividends paid, 12/30 499,700   499,700 499,700 499,700

Prepare journal entries under each of the following methods to record the purchase and all investment-related subsequent events on the books of Perelli Company for the four years, assuming that any excess of purchase price over equity acquired was attributable solely to an excess of market over book values of depreciable assets (with a remaining life of 15 years). (Assume straight-line depreciation.)

Perelli uses the complete equity method to account for its investment in Singer. (Round answers to 0 decimal places, e.g. 5,125. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date Account Titles and Explanation Debit Credit

2011 (To record the investment)

(To record dividend income)

(To record equity income (loss))

(To record amortization)

2012 (To record dividend income)

(To record equity income (loss))

(To record amortization)

2013 (To record dividend income)

(To record equity income (loss))

(To record amortization)

2014 (To record dividend income)

(To record equity income (loss))

(To record amortization)

4. Suppose there are 99 lockers numbered 1 through 99, and 99 students numbered
1 through 99. Initially, all lockers are closed. Now each odd-numbered student
1, 3, 5, 7, · · · , 99, in numerical order from 1 through 99, will open/close all the lockers
that are numbered to be a multiple of the number of the student. For example, student
1 will open/close all the lockers, and student 3 will open/close all the lockers numbered
by 3, 6, 9, 12, · · · , 99, etc. Now find all the lockers that will be open when all students
are done.
Note: An answer containing a computer search only is worth 10 marks. But you can
start a computer search first and see if the results inspire you.

PLEASE ANSWER EACH QUESTION 1 thru 4

Question 1.

In a market with perfectly competitive firms, the market demand curve is and the demand curve facing each individual firm is?

Select one:

a. downward sloping; horizontal

b. upward sloping; horizontal

c. horizontal; upward sloping

d. horizontal; downward sloping

e. horizontal; horizontal

Question 2.

Pure monopoly is defined as?

Select one:

a. an industry consisting of a single seller.

b. a market in which many rival firms compete for sales.

c. a market structure consisting of a single buyer.

d. a market structure that involves many substitute products.

Tom is the monopoly provider of a town's TV cable service, whose current subscription price is $20.00 per month. In order to attract one more subscriber, he has to lower his price to $19.95. What is true of Tom's marginal revenue from that additional subscriber?

Question 3

Select one:

a. Tom's marginal revenue is between $19.95 and $20.00.

b. Tom's marginal revenue is greater than $19.95.

c. Tom's marginal revenue equals $19.95.

d. Tom's marginal revenue is less than $19.95.

Question 4.

Which market structure has the largest number of firms?

Select one:

a. monopolistic competition

b. monopoly

c. oligopoly

d. perfect competition

Listed below are portions of the financial statements for MS Park Inc.  

Complete the following Table for MS Park & provide a brief statement on their short term financial position:

Problem 9-4
Comparison of Depreciation Methods

Italian Construction Company purchased a new crane for $360,500 at the beginning of year 1. The crane has an estimated residual value of $35,000 and an estimated useful life of six years. The crane is expected to last 10,000 hours. It was used 1,800 hours in year 1; 2,000 hours in year 2; 2,500 hours in year 3; 1,500 hours in year 4; 1,200 hours in year 5; and 1,000 hours in year 6.

1. Compute the annual depreciation and carrying value for the new crane for each of the six years under each of the following methods. When calculating the rate for double-declining-balance, round the percentage to two decimal places, like 16.67% or 33.33%. Round your answers to the nearest whole dollar.

a. Straight-line:

b. Production:

c. Double-declining-balance:

2. If the crane is sold for $250,000 after year 3, what would be the amount of gain or loss under each method?

Problem 9-4
Comparison of Depreciation Methods

Italian Construction Company purchased a new crane for $360,500 at the beginning of year 1. The crane has an estimated residual value of $35,000 and an estimated useful life of six years. The crane is expected to last 10,000 hours. It was used 1,800 hours in year 1; 2,000 hours in year 2; 2,500 hours in year 3; 1,500 hours in year 4; 1,200 hours in year 5; and 1,000 hours in year 6.

1. Compute the annual depreciation and carrying value for the new crane for each of the six years under each of the following methods. When calculating the rate for double-declining-balance, round the percentage to two decimal places, like 16.67% or 33.33%. Round your answers to the nearest whole dollar.

a. Straight-line:

b. Production:

c. Double-declining-balance:

2. If the crane is sold for $250,000 after year 3, what would be the amount of gain or loss under each method?

A furniture company manufactures wooden tables . Management schedules overtime every weekend to reduce the backlog on the most popular models. The automatic routing machine is used to cut certain types of edges on the tables. The following orders need to be scheduled for the routing​ machine:

The due dates reflect the need for the order to be at its next operation. Develop separate schedules by using the FCFS and EDD rules. Compare the schedules on the basis of average flow time and average past due hours.

A. Using the FCFS​ (first come, first served​ ) decision rule for sequencing the​ orders, the order​ is

B Using the EDD​ (earliest due​ date) decision rule for sequencing the​ orders, the order is​ (to resolve a​ tie, use order in which the orders were​ received):

C. The average flow time and average past due hours for each option are ​(enter your responses are real numbers rounded to two decimal

​places)​:

The Hickory Company manufactures wooden desks. Management schedules overtime every weekend to reduce the backlog on the most popular models. The automatic routing machine is used to cut certain types of edges on the desktops. The following orders need to be scheduled for the routing​ machine:

The due dates reflect the need for the order to be at its next operation. Develop separate schedules by using the FCFS and EDD rules. Compare the schedules on the basis of average flow time and average past due hours.

A. Using the FCFS​ (first come, first served​ ) decision rule for sequencing the​ orders, the order​ is

B Using the EDD​ (earliest due​ date) decision rule for sequencing the​ orders, the order is​ (to resolve a​ tie, use order in which the orders were​ received):

C. The average flow time and average past due hours for each option are ​(enter your responses are real numbers rounded to two decimal

​places)​: