at 1000degrees C the value of equilibrium constant for the reaction below is 1.62. how many moles of each compound will there be at equilibrium if 1 mole of h2, 2 moles of co2, and 3 moles of co are placed in a 10 liter tank and heated to 1000 C? H2 (g) +aCO2 (g)-----H2O(g) + CO(g)
In: Chemistry
1.The following time estimates are given for an activity: optimistic time = 16 days, most likely time = 24 days and pessimistic time = 40 days.
What is the variance of this activity?
Group of answer choices
A. 9
B. 16
C. 20
D. 24
E. None of these answers are correct
2.The expected waiting time in line is equal to the expected number of customers in line divided by the arrival rate
Group of answer choices
True
False
3. Activities C and D are the immediate predecessors of activity E. The early finish time (EF) of activity C is 35; and the early finish time (EF) of activity D is 42. What is the early start (ES) time of activity E?
Group of answer choices
A. 35
B. 42
C. 77
D. 38.5
E. None of these answers are correct
4. The goal of queueing analysis is to minimize:
Group of answer choices :
A.the sum of customer waiting costs and service costs.
B. the sum of customer waiting time and service time.
C.service costs.
D. customer waiting time.
E. None of the answer choices is correct.
5. All preceding activities have to be completed before work can start on a follower activity.
Group of answer choices
True
False
In: Operations Management
National Broadband Network operator NBN Co has secured $6.1 billion in debt finance on external markets as part of the company’s inaugural long-term borrowing from private debt markets.
The new credit facilities each have a five-year term as the company looks to support its future financing needs after the Federal Government had flagged some time ago that it expected NBN Co to pursue debt financing through external markets, including in order to start the process of re-financing its loan with the Commonwealth.
Finance Minister Mathias Cormann said that the strong interest on private debt markets to support the future financing needs of NBN Co demonstrated that there was strong support in the market for the NBN business plan and outlook.
“NBN Co approached the bank market with a request for an initial $2.0 billion, as foreshadowed in its 2020-23 Corporate Plan. Given the positive response from the market, NBN Co has secured additional lines of credit totalling $4.1 billion at very competitive prices,” Senator Cormann said.
“There is no requirement for NBN Co to draw down on these additional facilities immediately, but the Government agrees with the company that it makes sense to have these facilities in place, to give it flexibility and given current economic conditions.”
Minister for Communications, Cyber Safety and the Arts, Paul Fletcher, said that NBN Co is at a “pivotal point as it nears network build completion and prepares for its next phase of operations as a self-sustaining telecommunications wholesaler”.
“The company has entered into arrangements with a number of Australian and international banks to secure funding through private debt, complementing Commonwealth Government funding capped at $49 billion,” Minister Fletcher said.
“NBN Co is expected to draw down $2.0 billion from the $6.1 billion raised and complete the build within its $51 billion funding envelope, as set out in its 2020-23 Corporate Plan. The additional funding will provide the company opportunities to invest and create even more value for Australians guided by future Corporate Plans.”
Analyse the systematic and unsystematic risk that NBN should consider.
Assess and discuss different capital financing (sales of assets, bonds and equity) to facilitate the acquisition of NBN.
In: Finance
In: Finance
Liability Transactions
The following items were selected from among the transactions
completed by Aston Martin Inc. during the current year:
| Apr. 15. | Borrowed $225,000 from Audi Company, issuing a 30-day, 6% note for that amount. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| May 1. | Purchased equipment by issuing a $320,000, 180-day note to Spyder Manufacturing Co., which discounted the note at the rate of 6%. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 15. | Paid Audi Company the interest due on the note of April 15 and renewed the loan by issuing a new 60-day, 8% note for $225,000. (Record both the debit and credit to the notes payable account.) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| July 14. | Paid Audi Company the amount due on the note of May 15. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Aug. 16. | Purchased merchandise on account from Exige Co., $90,000, terms, n/30. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Sept. 15. | Issued a 45-day, 6% note for $90,000 to Exige Co., on account. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Oct. 28. | Paid Spyder Manufacturing Co. the amount due on the note of May 1. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 30. | Paid Exige Co. the amount owed on the note of September 15. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Nov. 16. | Purchased store equipment from Gallardo Co. for $450,000, paying $50,000 and issuing a series of twenty 9% notes for $20,000 each, coming due at 30-day intervals. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Dec. 16. | Paid the amount due Gallardo Co. on the first note in the series issued on November 16. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 28. | Settled a personal injury lawsuit with a customer for $87,500,
to be paid in January. Aston Martin Inc. accrued the loss in a
litigation claims payable account.
Required: For a compound transaction, accounts should be listed largest to smallest. 1. Journalize the transactions. For a compound transaction, if an amount box does not require an entry, leave it blank. Assume a 360-day year.
2. Journalize the adjusting entry for each of
the following accrued expenses at the end of the current
year:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In: Accounting
Liability Transactions
The following items were selected from among the transactions
completed by Aston Martin Inc. during the current year:
| Apr. 15. | Borrowed $225,000 from Audi Company, issuing a 30-day, 6% note for that amount. |
| May 1. | Purchased equipment by issuing a $320,000, 180-day note to Spyder Manufacturing Co., which discounted the note at the rate of 6%. |
| 15. | Paid Audi Company the interest due on the note of April 15 and renewed the loan by issuing a new 60-day, 8% note for $225,000. (Record both the debit and credit to the notes payable account.) |
| July 14. | Paid Audi Company the amount due on the note of May 15. |
| Aug. 16. | Purchased merchandise on account from Exige Co., $90,000, terms, n/30. |
| Sept. 15. | Issued a 45-day, 6% note for $90,000 to Exige Co., on account. |
| Oct. 28. | Paid Spyder Manufacturing Co. the amount due on the note of May 1. |
| 30. | Paid Exige Co. the amount owed on the note of September 15. |
| Nov. 16. | Purchased store equipment from Gallardo Co. for $450,000, paying $50,000 and issuing a series of twenty 9% notes for $20,000 each, coming due at 30-day intervals. |
| Dec. 16. | Paid the amount due Gallardo Co. on the first note in the series issued on November 16. |
| 28. | Settled a personal injury lawsuit with a customer for $87,500, to be paid in January. Aston Martin Inc. accrued the loss in a litigation claims payable account. |
Required:
For a compound transaction, accounts should be listed largest to smallest.
1. Journalize the transactions. For a compound transaction, if an amount box does not require an entry, leave it blank. Assume a 360-day year.
| Date | Account | Debit | Credit |
|---|---|---|---|
| Apr. 15 | |||
| May 1 | |||
| May 15 | |||
| July 14 | |||
| Aug. 16 | |||
| Sept. 15 | |||
| Oct. 28 | |||
| Oct. 30 | |||
| Nov. 16 | |||
| Dec. 16 | |||
| Dec. 28 | |||
2. Journalize the adjusting entry for each of
the following accrued expenses at the end of the current
year:
a. Product warranty cost, $26,800.
b. Interest on the 19 remaining notes owed to Gallardo Co.
| Item | Account | Debit | Credit |
|---|---|---|---|
| a. | |||
| b. | |||
In: Accounting
Presented below are two independent situations related to future taxable and deductible amounts resulting from temporary differences existing at December 31, 2020. 1. Sunland Co. has developed the following schedule of future taxable and deductible amounts. 2021 2022 2023 2024 2025 Taxable amounts $200 $200 $200 $200 $200 Deductible amount — — — (1,400 ) 2. Coronado Co. has the following schedule of future taxable and deductible amounts. 2021 2022 2023 2024 Taxable amounts $200 $200 $200 $200 Deductible amount — — (2,500 ) — Both Sunland Co. and Coronado Co. have taxable income of $3,800 in 2020 and expect to have taxable income in all future years. The tax rates enacted as of the beginning of 2020 are 30% for 2020–2023 and 35% for years thereafter. All of the underlying temporary differences relate to noncurrent assets and liabilities.
1. Compute the net amount of deferred income
taxes to be reported at the end of 2020, and indicate how it should
be classified on the balance sheet for situation one.
| Deferred income taxes to be reported at the end of 2020 in Sunland Co. |
$ |
|
SUNLAND CO. |
||||||
|
Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsNoncurrent LiabilitiesOther AssetsProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity |
||||||
|
$ |
||||||
2. Compute the net amount of deferred income taxes
to be reported at the end of 2020, and indicate how it should be
classified on the balance sheet for situation two.
| Deferred income taxes to be reported at the end of 2020 in Coronado co. |
$ |
|
CORONADO CO. |
||||||
|
Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsNoncurrent LiabilitiesOther AssetsProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity |
||||||
|
$ |
||||||
In: Accounting
P10.4B: MileHi Mountain Bikes markets mountain-bike tours to clients vacationing in various locations in the mountains of British Columbia. The current liabilities section of the October 31, 2020, balance sheet included notes payable of $15,000 and interest payable of $375 related to a six-month, 6% note payable to Eifert Company on December 1, 2020.
During the year ended October 31, 2021, MileHi had the following transactions related to notes payable:
2020 | ||
Dec. 1 | Paid the $15,000 Eifert note, plus interest. | |
2021 | ||
Apr. 1 | Issued a $75,000, nine-month, 7% note to Mountain Real Estate for the purchase of additional mountain property on which to build bike trails. Interest is payable quarterly on July 1, October 1, and at maturity on January 1, 2022. | |
30 | Purchased Mongoose bikes to use as rentals for $8,000, terms n/30. | |
May 31 | Issued Mongoose an $8,000, three-month, 8% note payable in settlement of its account (see April 30 transaction). Interest is payable at maturity. | |
July 1 | Paid interest on the Mountain Real Estate note (see April 1 transaction). | |
Aug. 31 | Paid the Mongoose note, plus interest (see May 31 transaction). | |
Oct. 1 | Paid interest on the Mountain Real Estate note (see April 1 transaction). | |
1 | Borrowed $90,000 cash from Western Bank by issuing a five-year, 6% note. Interest is payable monthly on the first of the month. Principal payments of $18,000 must be made on the anniversary of the note each year. |
Record the transactions and any adjustments required at October 31, 2021.
Show the balance sheet presentation of notes payable and interest payable at October 31, 2021.
Show the income statement presentation of interest expense for the year.
In: Accounting
On May 1, 2019, X-oft Corporation (a new corporation) issued 100,000 shares of its common stock for $15 per share. The stock had a par value of $2 per share. (USE THE FOLLOWING INFORMATION FOR PARTS A-D ON THE HOMEWORK)
a) What is the journal entry to record the issuance of this stock?
b) What is the journal entry to record the issuance of this stock?
c) On October 11, 2019, X-oft Corporation purchased 10,000 shares of its own stock from existing shareholders for $12 per share. What is the entry to record the purchase of this stock?
d) On October 30, 2019, the Board of Directors for X-oft Corporation declared a $.25 per share dividend to be paid December 15, 2019, to all shareholders of record on November 30, 2019. What is the journal entry (if any) to record this event on October 30?
e) On November 30, 2019, the accountants for X-oft Corporation determined who owned the stock for the declared dividend of $.25 per share from October 30 above. What is the journal entry (if any) to record this event?
f) On November 30, 2019, the accountants for X-oft Corporation determined who owned the stock for the declared dividend of $.25 per share from October 30 above. What is the journal entry (if any) to record this event?
g) Assume that the beginning balance in retained earnings in 2019 was $380,000 and 2019 net income was $47,000. Further assume that the transactions above were the only ones to affect owners’ equity. What is the ending balance of retained earnings at the end of 2019?
h) Calculate the following for X-oft Corporation at 12/31/10:
Number of common shares issued:
Number of common shares outstanding:
i) Assume that on January 15,2020, X-oft Corporation sold the 10,000 shares of Treasury Stock for $15/share. What is the journal entry to record this sale?
In: Accounting
The controller of Bridgeport Housewares Inc. instructs you to prepare a monthly cash budget for the next three months. You are presented with the following budget information:
| September | October | November | ||||
| Sales | $91,000 | $112,000 | $144,000 | |||
| Manufacturing costs | 38,000 | 48,000 | 52,000 | |||
| Selling and administrative expenses | 32,000 | 34,000 | 55,000 | |||
| Capital expenditures | _ | _ | 35,000 | |||
The company expects to sell about 10% of its merchandise for cash. Of sales on account, 70% are expected to be collected in the month following the sale and the remainder the following month (second month following sale). Depreciation, insurance, and property tax expense represent $8,000 of the estimated monthly manufacturing costs. The annual insurance premium is paid in January, and the annual property taxes are paid in December. Of the remainder of the manufacturing costs, 80% are expected to be paid in the month in which they are incurred and the balance in the following month.
Current assets as of September 1 include cash of $35,000, marketable securities of $49,000, and accounts receivable of $101,900 ($80,000 from July sales and $21,900 from August sales). Sales on account for July and August were $73,000 and $80,000, respectively. Current liabilities as of September 1 include $8,000 of accounts payable incurred in August for manufacturing costs. All selling and administrative expenses are paid in cash in the period they are incurred. An estimated income tax payment of $13,000 will be made in October. Bridgeport’s regular quarterly dividend of $8,000 is expected to be declared in October and paid in November. Management desires to maintain a minimum cash balance of $34,000.
Required:
1. Prepare a monthly cash budget and supporting schedules for September, October, and November. Assume 360 days per year for interest calculations.
| Bridgeport Housewares Inc. | |||
| Cash Budget | |||
| For the Three Months Ending November 30 | |||
| September | October | November | |
| Estimated cash receipts from: | |||
| $ | $ | $ | |
| Total cash receipts | $ | $ | $ |
| Less estimated cash payments for: | |||
| $ | $ | $ | |
| Other purposes: | |||
| Total cash payments | $ | $ | $ |
| $ | $ | ||
| Cash balance at end of month | $ | $ | $ |
| Excess or (deficiency) | $ | $ | $ |
In: Accounting