Polychlorinated biphenyls (PCBs), which were formerly used in the manufacture of electrical transformers, are environmental and health hazards. They break down very slowly in the environment. The decomposition of PCBs can be represented by the equation 2 C 12 H 4 Cl 6 + 23 O 2 + 2 H 2 O ⟶ 24 CO 2 + 12 HCl

How many moles of water are needed to react with 10.0 mol O 2 ? moles of water:

mol How many grams of HCl are produced when 15.2 mol H 2 O reacts? HCl produced: g

How many moles of CO 2 are produced when 76.5 g HCl is produced? CO 2 produced: mol

How many grams of C 12 H 4 Cl 6 are reacted when 100.25 g CO 2 is produced? C 12 H 4 Cl 6 reacted: g

How many grams of HCl are produced when 2.5 kg C 12 H 4 Cl 6 reacts? HCl produced: g

Methanol is an ingredient in windshield washer fluid and ingesting as little as 4 mL can cause blindness in humans.

In the reaction below, methanol is produced from carbon dioxide and hydrogen gas. If the reaction has a △H _rxn = -128 kJ, how much heat is released when 16.8 g CO is reacted?

CO + 2 H₂ → CH₃OH

• A. -76.8 kJ

• B. -128 kJ

• C. -16.8 kJ

• D. -0.600 kJ

Magnesium oxidizes via the reaction:

2 Mg + O₂ → 2 MgO

The reaction has a △H_rxn = -1203 kJ. How much heat (in kJ) is released when you completely react 3.000 moles of O₂?

• A.

  -401.0 kJ

• B.

  -1203 kJ

• C.

  -2406 kJ

• D.

  -3609 kJ

One way to produce methanol:

CO + 2 H₂ → CH₃OH

This reaction has a △H _rxn = -128 kJ. How much heat (in kJ) is released when you completely react 4.04 g CO?

• A. -517 kJ

• B. -14500 kJ

• C. -128 kJ

• D. -18.5 kJ

Question 10

Pepper Company acquired 80 percent of Salt Company's stock at underlying book value on January 1, 2018. At that date, Salt reported common stock outstanding of $1,050,000 and retained earnings of $840,000; the fair value of the noncontrolling interest was equal to 20 percent of the book value of Salt Company. Salt Co. sold equipment to Pepper Co. for a $720,000 on December 31, 2018. Salt Co. had originally purchased the equipment for $800,000 on January 1, 2015, with a useful life of 10 years and no salvage value. At the time of the purchase, Pepper Co. estimated that the equipment still had the same remaining useful life. Both companies use straight-line depreciation.
Pepper sold land costing $132,000 to Salt Company on June 28, 2019, for $178,000.

a) Prepare Pepper’s journal entries related to intercompany sale of land and equipment for 2019.

b) Prepare the consolidation entries that related to intercompany sale of land  for 2019.

c) Prepare the consolidation entries that related to intercompany sale of equipment for 2019.

As stated in ASIC Regulatory Guide (RG) 261 and s738H of the Corporations Act 2001, “not being listed on a financial market in Australia or overseas (including its related parties)” is among the requirements for company eligibility to make a Crowd-sourced funding (CSF) offer.

• Ms Apple holds 15% of X Pty Ltd., 100% of Y Ltd., and 15% of Z Pty Ltd.
• Square Co Ltd holds 43% of X Pty Ltd., the rest (%42) of the company shares is held by Mr Apple., the husband of Ms Apple.
• Finally, Circle Co Ltd. holds 85% of Z Pty Ltd.

Question 1

When assessing the CSF eligibility of Y Ltd, are Circle Co Ltd. or Square Co Ltd. related body corporates of Y Ltd.? Please state your reasons.

Question 2

When assessing the CSF eligibility of Y Ltd in making Crowd-sourced funding (CSF) offers, would it be accurate to say Ms and Mr Apple are related parties under RG 261? Please state your reasons.

Bart Co. leases a common piece of equipment to Lisa Corp. The lease begins on January 1, 2020, and includes the following terms:

• The lease is for 6 years and is non-cancelable.
• The equipment reverts to Bart Co. at the end of the lease, with no renewal or purchase options.
• Lisa Corp. guarantees a residual value of $25,000. This is also the expected residual value.
• Bart Co. uses an implicit interest rate of 4% to set the lease payments of $16,369, which are due at the beginning of each year, starting with January 1, 2020. The collectability of these payments is probable.
• The implicit interest rate is known to Lisa Corp. Lisa’s incremental borrowing rate is 5%.
• The fair value of the equipment is $109,000 at the inception of the lease. Its estimated remaining economic life is 20 years. The cost of the equipment on Bart Co.’s books is $100,000.  
• Both parties use straight-line depreciation when accounting for similar pieces of equipment.

What is the value of the Right of Use Asset that Lisa Corp. (the lessee) should report on its balance sheet for December 31, 2020?

Burton Co., based in the U.S., considers a project in which it has an initial outlay of $2 million and expects to receive 6 million Swiss francs (SF) in one year. The spot rate of the franc is $.90. Burton Co. decides to purchase put options on Swiss francs with an exercise price of $.88 and a premium of $.02 per unit to hedge its receivables. It has a required rate of return of 18 percent.

a. Determine the net present value of this project for Burton Co. based on the forecast that the Swiss franc will be valued at $.80 at the end of one year. (4 Points)

b. Assume the same information in part (a), but with the following adjustment. While Burton expected to receive 6 million Swiss francs, assume that there were unexpected weak economic conditions in Switzerland after Burton initiated the project. Consequently, Burton received only 4 million Swiss francs at the end of the year. Also assume that the spot rate of the franc at the end of the year was $.89. Determine the net present value of this project for Burton Co. if these conditions occur. (4 Points)

New Macomb Wholesale Distributor made the following transactions in year 7.
Record all the transactions in general journal form.

feb 8th Bought inventory on account from Fountain Mfg. company for $18,600.00. terms 3/15, net 60.

feb 10th Paid $375 to Hare transport for shipping charges for inventory we are acquiring

feb 13th Sold merchandise on acct. to Alixx Co. for $92,500. All on acct. sales are with terms 1/10, net 30.
This merchandise cost us $55,500.

feb 16th Fountain Mfg. company issued us a 350.00 credit memo related to our purchase made on feb. 8th.

feb 17th Sold merchandise on acct. to Tyrone Sports Co. for $10,300. This merchandise cost us 9,455.

feb 19th Fully paid what is owed to Fountain Mfg.

feb 20th Alixx Co. returned 1/4 of what they purchased on the 13th.

feb 21st Alixx Co. fully paid what they owe us.

Mar 1st Tyrone Sports fully paid what they owe us.

At the beginning of the current season on April 1, the ledger of Kokott Pro Shop showed Cash $3,000; Inventory $4,000; and Common Stock $7,000. These transactions occurred during April 2019.

Apr. 5Purchased golf bags, clubs, and balls on account from Hogan Co. $1,200, FOB shipping point, terms 2/10, n/60.

7Paid freight on Hogan Co. purchases $50.

9Received credit from Hogan Co. for merchandise returned $100.

10Sold merchandise on account to customers $600, terms n/30.

12Purchased golf shoes, sweaters, and other accessories on account from Duffer Sportswear $450, terms 1/10, n/30.

14Paid Hogan Co. in full.

17Received credit from Duffer Sportswear for merchandise returned $50.

20Made sales on account to customers $600, terms n/30.

21Paid Duffer Sportswear in full.

27Granted credit to customers for clothing that had flaws $35.

30Received payments on account from customers $600.

-PREPARE A TRIAL BALANCE ON APRIL 30 ,2019 DEBITS AND CREDITS

9. What is a bank, exactly? What does a bank do, exactly? 10. “A bank is just like any other corporation doing business in America—like Ford, or Target”… WHY IS THIS STATEMENT UNTURE??? WHAT IS SO SPECIAL ABOUT BANKS????? 11. What is the definition of the term “the REAL rate of interest” or “the REAL interest rate”? 12. What are three of the terrible harms caused by ten percent annual (yearly) inflation rates? Which groups in our economy are hardest hit by 10% inflation? Why?

During the course, we explored the foundations of the U.S. Health Care system, and highlighted key influences on the development of the Health Care system in the US. Choose 2 of the key influences listed below, and describe what it is (the who, what, when, where, why) and why/how it was significant to the U.S. Health Care System. Please limit each description to 250 - 300 words.

• The Great Depression and Birth of Blue Cross
• The Regan Administration
• Medical Education and Specialization
• Public Health Focus on Prevention
• Aging of America