Find the Percentage yield of [1,3,5-C6H3(CH3)3]Mo(CO)3 and discussion of factors responsible for the low yield?

Procedure: 0.5 g (~ 1.9 mmol) of Mo(CO)6 was added with 5mL (~36mmol) of mesitylene.  The apparatus is assembled in the hood using a straight reflux condenser. The Mo(CO)6 is volatile when heated and will sublime into the condenser during the reaction. Pass nitrogen over the reaction mixture continuously during the reaction. After 25 min, stop reflux When the solution has cooled to room temperature, add 8 mL of hexane to complete the precipitation. Suction filter the solution and rinse the yellow product (that is contaminated with black metallic molybdenum), with 5 mL of hexane. Purify the crude product by dissolving it in a minimum of CH2Cl2(no more than ~ 5 mL). Filter your solution and then add ~15 mL of hexane to the filtrate liquid to precipitate the product. Suction filter off the yellow [1,3,5-C6H3(CH3)3]Mo(CO)3 precipitate, wash twice with 4 mL of hexane, and allow the product to dry.

Initial mass 0.5 g of Mo(CO)6, product at the end 0.05g

Zaheer Co has been an audit client of Mohsin & Co for the last eight years, preparing financial statements to 31 March each year. Throughout this period, the managing partner at your firm, Frances Stein, has taken personal responsibility for the audit and has increased the total fee income from the client to the level where it represented 16·2% of Mohsin & Co’s total fee income in 2015 (15·4%: 2014). In addition to performing the annual audit, Mohsin & Co also provides accounting and bookkeeping services for Zaheer Co. The accounting and bookkeeping services include the preparation of the monthly payroll for the client and maintaining all of the financial records of a small, immaterial division of the company.

The managing director of Zaheer Co, Ahsan Ali, has asked your firm for assistance in the preparation of the share prospectus document which will be used to support the company’s flotation. The contents of the prospectus document will include the following elements:

– Key historical financial information prepared to 31 August 2015;

– Profit forecasts;

– A summary of the key risks relating to the client’s business; and

– A business plan outlining the future prospects of the company and recommending the shares to investors.

Retail Method; Gross Profit Method

Selected data on merchandise inventory, purchases, and sales for Celebrity Tan and Ranchworks Co. are as follows:

Required:

1. Determine the estimated cost of the merchandise inventory of Celebrity Tan on August 28 by the retail method, presenting details of the computations.

2a. Estimate the cost of the merchandise inventory of Ranchworks Co. on November 30 by the gross profit method, presenting details of the computations.

2b. Assume that Ranchworks Co. took a physical inventory on November 30 and discovered that $165,300 of merchandise was on hand. What was the estimated loss of inventory due to theft or damage during March thru November?
$

v

Customer return and refund

On December 28, Silverman Enterprises sold $18,500 of merchandise to Beasley Co. with terms 2/10, n/30. The cost of the goods sold was $11,200. On December 31, Silverman prepared its adjusting entries, yearly financial statements, and closing entries. On January 3, Silverman issued Beasley a credit memo for returned merchandise. The returned merchandise originally cost Silverman $2,350 and was billed (invoiced) for $4,000 with terms 2/10, n/30.

a. Journalize the entries by Silverman Enterprises to record the December 28 sale. Beasley paid the balance due on January 7.

Feedback

Partially correct

b. Journalize the entries by Silverman Enterprises to record the merchandise returned January 3.

Feedback

Partially correct

c. Journalize the entry to record the receipt of the amount due by Beasley Co. on January 7.

journalize transactions

On January 4 Crossway Co. sold merchandise to Mallard Company for $25,500, terms 2/10, n/60; shipping terms were FOB Destination. The merchandise had a cost of $14,000 to Crossway Co.

2. On January 6 Crossway paid freight costs of $500.

3. On January 8 Mallard returned $2,500 of the merchandise purchased on January 4 to Crossway and received credit. The merchandise had a cost of $1,400 to Crossway.

4. On January 9 Mallard paid the amount due to Crossway.
--Record the necessary journal entries for Crossway Co. Omit explanations.

1. On January 4 Crossway Co. sold merchandise to Mallard Company for $25,500, terms 2/10, n/60; shipping terms were FOB Destination. The merchandise had a cost of $14,000 to Crossway Co.

2. On January 6 Crossway paid freight costs of $500.

3. On January 8 Mallard returned $2,500 of the merchandise purchased on January 4 to Crossway and received credit. The merchandise had a cost of $1,400 to Crossway.

4. On January 9 Mallard paid the amount due to Crossway.
--Record the necessary journal entries for Mallard Company. Omit explanation

Pirtucon Co. is considering a three-year project that will require an initial investment of $44,000. If market demand is strong, Pirtucon Co. thinks that the project will generate cash flows of $28,500 per year. However, if market demand is weak, the company believes that the project will generate cash flows of only $1,500 per year. The company thinks that there is a 50% chance that demand will be strong and a 50% chance that demand will be weak.

If the company uses a project cost of capital of 14%, what will be the expected net present value (NPV) of this project?

-$9,176

-$11,011

-$7,341

-$8,717

Pirtucon Co. has the option to delay starting this project for one year so that analysts can gather more information about whether demand will be strong or weak. If the company chooses to delay the project, it will have to give up a year of cash flows, because the project will then be only a two-year project. However, the company will know for certain if the market demand will be strong or weak before deciding to invest in it.

What will be the expected NPV if Pirtucon Co. delays starting the project?

$22,167

$1,092

$2,570

$1,285

What is the value of Pirtucon Co.’s option to delay the start of the project?     

Service Department Charges and Activity Bases

Middler Corporation, a manufacturer of electronics and communications systems, uses a service department charge system to charge profit centers with Computing and Communications Services (CCS) service department costs. The following table identifies an abbreviated list of service categories and activity bases used by the CCS department. The table also includes some assumed cost and activity base quantity information for each service for October.

One of the profit centers for Middler Corporation is the Communication Systems (COMM) sector. Assume the following information for the COMM sector:

The sector has 5,000 employees, of whom 30% are office employees.

Almost all office employees (80%) have a computer on the network.

90 percent of the employees with a computer also have an e-mail account.

The average number of help desk calls for October was 1 calls per individual with a computer.

There are 280 additional printers, servers, and peripherals on the network beyond the personal computers.

All the nonoffice employees have been issued a handheld device.

a. Determine the service charge rate for the four CCS service categories for October. Round your answers to two decimal places.

b. Determine the charges to the COMM sector for the four CCS service categories for October.

Financial Statements and Closing Entries The Gorman Group is a financial planning services firm owned and operated by Nicole Gorman. As of October 31, 2018, the end of the fiscal year, the accountant for The Gorman Group prepared an end-of-period spreadsheet, part of which follows: The Gorman Group End-of-Period Spreadsheet For the Year Ended October 31, 2018 Adjusted Trial Balance Account Title Dr. Cr. Cash $15,460 Accounts Receivable 33,660 Supplies 5,260 Prepaid Insurance 11,360 Land 120,000 Buildings 430,000 Accumulated Depreciation-Buildings 140,100 Equipment 311,000 Accumulated Depreciation-Equipment 182,500 Accounts Payable 39,820 Salaries Payable 3,950 Unearned Rent 1,790 Common Stock 179,000 Retained Earnings 332,360 Dividends 29,900 Service Fees 567,820 Rent Revenue 6,000 Salaries Expense 407,070 Depreciation Expense-Equipment 22,100 Rent Expense 18,500 Supplies Expense 13,100 Utilities Expense 11,840 Depreciation Expense-Buildings 7,890 Repairs Expense 6,520 Insurance Expense 3,580 Miscellaneous Expense 6,100 1,453,340 1,453,340 Required: 1. Prepare an income statement. The Gorman Group Income Statement For the Year Ended October 31, 2018 Revenues: Total Revenues Expenses: Total Expenses Net income Prepare a Retained Earnings Statement. The Gorman Group Retained Earnings Statement For the Year Ended October 31, 2018 Prepare a balance sheet. The Gorman Group Balance Sheet October 31, 2018 Assets Liabilities Current assets: Current liabilities: Total liabilities Total current assets Property, plant, and equipment: Stockholders' Equity Total property, plant, and equipment Total stockholders' equity Total assets Total liabilities and stockholders' equity