Determine the configuration (in the form t xe y), the number of unpaired electrons, and 2g g
the ligand-field stabilization energy (LFSE) as a multiple of ΔO for each of the following octahedral coordination complexes:
(a) [Co(NH3)6]3+
(b) [Fe(OH2)6]2+
(c) [Fe(CN)6]3-
(d) [Cr(NH3)6]3+
(e) [W(CO)6] 2-
(f) tetrahedral [FeCl4] (g) tetrahedral [Ni(CO)4]
In: Chemistry
Carbon monoxide (CO) emissions for a certain kind of car vary with mean 3 g/mi and standard deviation 0.5 g/mi. A company has 81 of these cars in its fleet.
a) What’s the approximate model for the distribution of the mean CO level for the company's fleet. Explain.
b) Estimate the probability that the mean emission is between 3.0 and 3.1 g/mi.
c) There is only a 5% chance that the fleet’s mean CO level is greater than what value?
In: Statistics and Probability
QUESTION 1
Below are the statements of financial position of three companies
as at 31 December 2017.
Bauble Jewel Gem
Co Co Co
GHS’000 GHS’000 GHS’000
Non-current assets
| Property, plant and equipment | 720 | 60 | 75 |
| Investments in group companies | 185 | 100 | – |
| 905 | 160 | 75 | |
| Current assets | 175 | 90 | 85 |
| 1,080 | 250 | 160 | |
| Equity Share capital – GHC1 ordinary shares |
400 | ||
| 100 50 | |||
| Retained earnings | 560 | 90 | 70 |
| 960 | 190 115 | |
| Current liabilities | 120 60 1,080 250 |
40 160 |
You are also given the following information:
i. Bauble Co acquired 65% of the share capital of Jewel Co on 1st
January 2010 and 15% of Gem on 1st
January 2011. The cost of the combinations were GHC 140,000 and GHC
45,000 respectively. Jewel
Co acquired 80% of the share capital of Gem Co on 1st January
2011.
ii. The retained earnings balances of Jewel Co and Gem Co were:
| 1st January 2010 GHC000 |
1st January 2011 GHC000 |
|
| Jewel Co | 40 | 55 |
| Gem Co | 35 | 45 |
iii. The fair values of Jewel's Property, Plant and Equipment
were equal to their book values with the
exception of its plant, which had a fair value of GHS 12,000 in
excess of its book value at the date of
acquisition. The remaining life of all of Jewel's plant at the date
of its acquisition was four years and
this period has not changed as a result of the acquisition.
Depreciation of plant is on a straight-line
basis and charged to cost of sales. Jewel has not adjusted the
value of its plant as a result of the fair
value exercise.
iv. Revenues and profits should be deemed to accrue evenly
throughout the year.
v. Following an impairment review, there was no impairment loss on
any of the consolidated goodwill as
at 31st December 2017.
| vi. | Gem sells goods to Bauble at cost plus 30%. Bauble had GHS
12,000 of goods in its inventory included in the current assets at 31st December 2017 which had been supplied by Gem. |
Page 3 of 7
vii. In addition, on 28 December 2017, Gem processed the sale of
GHS1,500 of goods to Bauble, which
Bauble did not account for until their receipt on 2nd January 2018.
The in-transit reconciliation should
be achieved by assuming the transaction had been recorded in the
books of Bauble before the year end.
At 31st December 2017, Gem had a trade receivable balance in the
current assets of GHS2,000 due from
Bauble which differed to the equivalent balance in Bauble’s books
due to the sale made on 28 December
2017.
| viii. | It is the group's policy to value the non-controlling interest
at acquisition at its proportionate share of the fair value of the subsidiary's identifiable net assets. |
Required
Prepare the consolidated statement of financial position for Bauble
Co and its subsidiaries as at 31st
December 2017.
In: Accounting
Liability Transactions
The following items were selected from among the transactions completed by O’Donnel Co. during the current year:
| Jan. 10. | Purchased merchandise on account from Laine Co., $144,000, terms n/30. |
| Feb. 9. | Issued a 30-day, 6% note for $144,000 to Laine Co., on account. |
| Mar. 11. | Paid Laine Co. the amount owed on the note of February 9. |
| May 1. | Borrowed $142,800 from Tabata Bank, issuing a 45-day, 7% note. |
| June 1. | Purchased tools by issuing a $81,000, 60-day note to Gibala Supply Co., which discounted the note at the rate of 8%. |
| 15. | Paid Tabata Bank the interest due on the note of May 1 and renewed the loan by issuing a new 45-day, 7% note for $142,800. (Journalize both the debit and credit to the notes payable account.) |
| July 30. | Paid Tabata Bank the amount due on the note of June 15. |
| 30. | Paid Gibala Co. the amount due on the note of June 1. |
| Dec. 1. | Purchased office equipment from Warick Co. for $96,000, paying $16,000 and issuing a series of ten 5% notes for $8,000 each, coming due at 30-day intervals. |
| 15. | Settled a product liability lawsuit with a customer for $78,000, payable in January. O’Donnel accrued the loss in a litigation claims payable account. |
| 31. | Paid the amount due Warick Co. on the first note in the series issued on December 1. |
Required:
1. Journalize the transactions. If an amount box does not require an entry, leave it blank. Assume a 360-day year. Don't round the intermediate calculations and round the final answers to the nearest dollar amount.
For a compound transaction, accounts should be listed largest to smallest.
| Date | Account | Debit | Credit |
|---|---|---|---|
| Jan. 10 | Accounts Payable - Laine Co. | ||
| Accounts Payable - Laine Co. | |||
| Feb. 9 | Accounts Payable - Laine Co. | ||
| Notes Payable | |||
| Mar. 11 | Notes Payable | ||
| Interest Expense | |||
| Cash | |||
| May 1 | Cash | ||
| Notes Payable | |||
| June 1 | Tools | ||
| Interest Expense | |||
| Notes Payable | |||
| June 15 | Litigation Claims Payable | ||
| Cash | |||
| Notes Payable | |||
| Cash | |||
| July 30 | Notes Payable | ||
| Interest Expense | |||
| Cash | |||
| July 30 | Notes Payable | ||
| Cash | |||
| Dec. 1 | Office Equipment | ||
| Notes Payable | |||
| Cash | |||
| Dec. 15 | Litigation Claims Payable | ||
| Litigation Claims Payable | |||
| Dec. 31 | Notes Payable | ||
| Interest Expense | |||
| Cash | |||
2. Journalize the adjusting entry for each of the following accrued expenses at the end of the current year: (a) product warranty cost, $15,300; (b) interest on the nine remaining notes owed to Warick Co. Assume a 360-day year. Round your answers to the nearest dollar amount.
| Item | Account | Debit | Credit |
|---|---|---|---|
| a. | Product Warranty Expense | ||
| Product Warranty Payable | |||
| b. | Interest Expense | ||
| Interest Payable | |||
In: Accounting
Use the following information on the U.S. dollar value of the euro.
Spot Rate | Forward Rate for April 30, 2021 Delivery | |
October 30, 2020 | $ 1.250 | $ 1.254 |
December 31, 2020 | 1.258 | 1.256 |
April 30, 2021 | 1.260 | 1.260 |
On October 30, 2020, a U.S. company forecasts that it will purchase
merchandise from an Italian supplier at the end of April 2021, in
the amount of €100,000, and will pay the supplier on delivery. On
October 30, the company enters a forward contract to buy €100,000
on April 30, 2021 and classifies it as a cash flow hedge of the
forecasted purchase. On April 30, 2021, the company receives the
merchandise, closes the forward contract and pays the supplier. The
company's accounting year ends December 31.
When the merchandise is sold by the company, what is the cost of
goods sold?
| A. | $125,000 | |
| B. | $126,600 | |
| C. | $125,400 | |
| D. | $126,000 |
In: Accounting
Historical demand for a product is as follows:
| DEMAND | |
| April | 61 |
| May | 56 |
| June | 81 |
| July | 61 |
| August | 86 |
| September | 81 |
a. Using a simple four-month moving average, calculate a forecast for October. (Round your answer to 2 decimal places.)
b. Using single exponential smoothing with α = 0.30 and a September forecast = 64, calculate a forecast for October. (Round your answer to 2 decimal places.)
c. Using simple linear regression, calculate the trend line for the historical data. Say the X axis is April = 1, May = 2, and so on, while the Y axis is demand. (Round your intercept value to the nearest whole number and slope value to 2 decimal places.)
d. Calculate a forecast for October using your regression formula. (Round your answer to 2 decimal places.)
In: Operations Management
Oregon Paper Company produces newsprint paper through a special recycling process using scrap paper products. Production and cost data for October 2014, the first month of operations for the company's new Portland plant, follow:
Units of product started in process during October 80,000 tons
Units completed and transferred to finished goods 75,000 tons
Machine hours operated 7,000
Direct materials costs incurred $ 486,000
Direct labor costs incurred $ 190,800
Raw materials are added at the beginning of the process for each unit of product produced, and labor and manufacturing overhead are added evenly throughout the manufacturing process. Manufacturing overhead is applied to Work-in-Process at the rate of $24 per machine hour. Units in process at the end of the period were 60 percent converted. Prepare a cost of production report for Oregon Paper Company for October
In: Accounting
Exercise 11-10 Recording and reporting treasury stock transactions LO P3
On October 10, the stockholders’ equity of Sherman Systems
appears as follows.
| Common stock–$10 par value, 94,000 shares authorized, issued, and outstanding |
$ | 940,000 | |
| Paid-in capital in excess of par value, common stock | 326,000 | ||
| Retained earnings | 1,040,000 | ||
| Total stockholders’ equity | $ | 2,306,000 | |
1. Prepare journal entries to record the following
transactions for Sherman Systems.
2. Prepare the revised equity section of its
balance sheet after the October 11 treasury stock
purchase.
In: Accounting
Crane Inc. uses the retail inventory method to estimate ending
inventory for its monthly financial statements. The following data
pertain to a single department for the month of October
2021.
| Inventory, October 1, 2021 | ||
| At cost | $50,900 | |
| At retail | 78,600 | |
| Purchases (exclusive of freight and returns) | ||
| At cost | 270,540 | |
| At retail | 426,400 | |
| Freight-in | 16,900 | |
| Purchase returns | ||
| At cost | 5,700 | |
| At retail | 7,900 | |
| Markups | 8,900 | |
| Markup cancellations | 2,000 | |
| Markdowns (net) | 3,500 | |
| Normal spoilage and breakage | 10,000 | |
| Sales revenue | 384,700 |
(a) Using the conventional retail method, prepare
a schedule computing estimated lower-of-cost-or-market inventory
for October 31, 2021. (Round ratios for computational
purposes to 0 decimal places, e.g 78% and final answer to 0 decimal
places, e.g. 28,987.)
| Ending inventory at lower-of-cost-or-market |
$ |
In: Accounting
Oregon Paper Company produces newsprint paper through a special recycling process using scrap paper products. Production and cost data for October 2014, the first month of operations for the company's new Portland plant, follow:
Units of product started in process during October 80,000 tons
Units completed and transferred to finished goods 75,000 tons
Machine hours operated 7,000
Direct materials costs incurred $ 486,000
Direct labor costs incurred $ 190,800
Raw materials are added at the beginning of the process for each unit of product produced, and labor and manufacturing overhead are added evenly throughout the manufacturing process. Manufacturing overhead is applied to Work-in-Process at the rate of $24 per machine hour. Units in process at the end of the period were 60 percent converted. Prepare a cost of production report for Oregon Paper Company for October
In: Accounting