Part A

1.Carbonyl fluoride, COF2, is an important intermediate used in the production of fluorine-containing compounds. For instance, it is used to make the refrigerant carbon tetrafluoride, CF4 via the reaction

2COF2(g)⇌CO2(g)+CF4(g),    Kc=5.50

If only COF2 is present initially at a concentration of 2.00 M, what concentration of COF2remains at equilibrium?

Express your answer with the appropriate units.

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Part B

Consider the reaction

CO(g)+NH3(g)⇌HCONH2(g),    Kc=0.710

If a reaction vessel initially contains only CO and NH3 at concentrations of 1.00 M and 2.00 M, respectively, what will the concentration of HCONH2 be at equilibrium?

Express your answer with the appropriate units.

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Part A

What is the equilibrium concentration of CO at 1000 K?

Express your answer in molarity to three significant figures.

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Part B

What is the equilibrium concentration of Cl2 at 1000 K?

Express your answer in molarity to three significant figures.

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Part C

What is the equilibrium concentration of COCl2 at 1000 K?

Express your answer in molarity to three significant figures.

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1. Consider the following information from the financial statements of Para Inc. and SIG Co.

                                                   P                               S

Separate income                      450

Net income                                                                  300

Separate OCI                          125                              100

S – OCI (P’s share)                 80

Provide the following:

a. Total Consolidated Net Income _________

b. Consolidated OCI_________

c. P’s %, Consolidated OCI_________

d. P’s %, Consolidated Net Income_________

e. Total Consolidated Comprehensive Income_________

f. P’s %, Consolidated Comprehensive Income_________

2. Assume the following data apply shortly after Perfunctory Co. acquires Serious, Inc.:

                                                P Co. (000s)                S Co. (000s)

Assets                                                  400                              200

Liabilities                                            250                              100

CS                                                       75                              60

APIC/OCC                                         50                              30

RE                                                       25                              10

P assets have a fair value = 435k; S’ identifiable assets have a fair value = 320k. P acquires 75% of S’s outstanding voting stock for $165k cash. S’ assets include pre-acquisition Goodwill of 40k, and P’s assets (and S’ liabilities) reflect a loan P has made to S for 10k. The DOA consolidated Balance Sheet should show:

a. identifiable assets____________

b. liabilities____________

c. Common Stock____________

d. APIC/OCC_____________

e. RE_____________

f. Goodwill (algebraic)____________

Bacteria are not limited to organic matter as a source of electrons or energy. Autotrophic denitrification occurs when NO₃^- is used as an electron acceptor and converted to N₂ gas and H₂ gas is used a source of electrons.

Below are the two half reactions we will be working with.

2NO₃^- + 10e^- -> N₂

2H⁺ + 2e^- -> H₂

Which reaction needs to be reversed?  Enter the letter A or the letter B

Balance the half reaction for the conversion of nitrate to dinitrogen gas. Input the reaction co-efficient for each component of the half reaction in the blank provided. The co-efficient might be 1 in some cases.

2NO₃^- + e^- + H⁺ -> N₂ + H₂O

Balance the half reaction for the conversion of hydrogen gas to hydrogen ions. Questions 12-13 are asking for the reaction co-efficients for each piece of the reaction. The co-efficient might be 1 in some cases.

H₂ + -> 2e^- + H⁺

Combine and balance both equations.

NO₃^- + H⁺ + H₂ -> N₂ + H₂O

How many electrons were transferred?

What is the redox potential of this reactions in volts? E⁰_cell = ?

Using the Nernst Equation, calculate the Gibbs Free Energy to deduce how many kilojoules are available to do work based on the stoichiometry you determined? ΔG = -nFΔE, where F = 96.48 kJ (mol e^-)  (Report your answer to 3 decimal places)

Assume that ABC Co. sells T-shirts for $20/ shirt. The marginal cost of production is $9/ shirt, and fixed costs are $1,500/ year. The tax rate is 20%. What is the new break-even point of the number of T-shirts required to be sold if sales price and fixed costs are both reduced by 15%.

Select one: a. None of the above

b. 187

c. 159

Question 2 Question text XYZ Co. intends to expand operations and enters into a 10 year lease at $500/ month. Currently, the marginal cost of production is $9/ shirt and fixed costs are $1,500/ year. The tax rate is 20%. XYZ Co. expects to sell its T-shirts for $18 and reduce its marginal costs by $2/ shirt. It also expects to earn net income of $5/ shirt. What is the required dollar sales to meet its expectations?

Select one: a. $22,500

b. $28,421

c. None of the above

Question 3 ABC Co. reported total manufacturing costs of $450,000, manufacturing overhead totaling $78,000 and direct materials used totaling $96,000. Beginning Work in Process is $350,000 and Ending Work in Process for the period is $100,000. How much is direct labour cost?

Select one: a. $276,000 b. $354,000 c. $624,000 d. None of the above

Utilizing the XYZ Conflict Model, complete the four situations below. Write the XYZ statement you would use to resolve the conflict, keeping in mind the goal of maintaining human relations.

1. A co-worker has asked you to go out after work for the second time. The first time you gave an excuse for not being able to go, but you really don’t want to out with this person. What would you say?

X

Y

Z

2. A co-worker keeps coming to your work area to socialize. You have been talking as long as the person wants to. But it is affecting getting your work done and you have had to stay late. What would you say

X

Y

Z

3. A co-worker has been taking it easy and not doing his share of the work on your two person assignment. You have had to do more than your share, and you don’t want it to continue. What would you say?

X

Y

Z

4. A co-worker is playing music loudly for the third time this week. You don’t like the music and it affects your ability to concentrate. You haven’t said anything until now. What are you going to say?

X

Y

Z

1. Balthrop Co. is a new education consulting firm that just paid its annual dividend of $1.00 yesterday. Analysts believe that due to a special one-time boost in revenue, the following year’s dividend (t=1) will be $3.50. Dividends will decline at a 30% rate for 2 years, after which point they will grow at a steady rate of 3% forever. Similar firms in the industry have a 20% cost of capital associated with them.

2. Balthrop Co. is a new education consulting firm that just paid its annual dividend of $1.00 yesterday. Analysts believe that due to a special one-time boost in revenue, the following year’s dividend (t=1) will be $3.50. Dividends will decline at a 30% rate for 2 years, after which point they will grow at a steady rate of 3% forever. Similar firms in the industry have a 20% cost of capital associated with them. \

3. QUESTION starts below Using the same information as in parts 1 and 2, and the calculated share price from part 2:

You are offered the chance to buy shares in Balthrop Co. for $11.75 per share. Should you purchase shares? Would your answer change if you felt Balthrop Co. would have a 10% cost of capital? Why/why not?

On January 2, 2018, Acquirer Co acquires 10,000 shares (5%) of Target Inc’s shares of common stock for $42 a share. Acquirer held the Target shares until January 9, 2020 when it sells the stock for $48 a share. Target reported the following earnings/loss per share, paid the following cash dividends per share, and the trading price of each share of its common stock are as follows: Year Earnings/Loss per share 12/31/Cash Dividends per sh Fair Mkt Value 12/31 per sh 2018 $7 earnings per share $4/share $50/share 2019 $3 loss per share $2/share $44/share INSTRUCTIONS; 1a. Prepare the journal entries that Acquirer would make during 2018 and 2019 for its investment in T assuming that Acquirer’s ownership of Target was insignificant. 1b. Prepare the journal entry that Acquirer Co. would make on January 9, 2020 to record its sale of the Target stock. 2a. Prepare the journal entries that Acquirer Co. would make during 2018 and 2019 for its investment in Target assuming INSTEAD that Acquirer did not know the fair market value of the Target stock (and its ownership was insignificant.) 2b. Prepare the journal entry that Acquirer Co. would make on January 9, 2020 to record its sale of the Target stock 3a. Assume INSTEAD that Acquirer elects two directors to the board and, that on 1/9/18, Acquirer appraised the net assets of Target and determined that the fair market value of Target’s patent (which had a remaining life of 10 years) exceeded its book value by $800,000 and that all of Target’s other assets had book values equal to their fair market values. Prepare the journal entries that Acquirer Co. would make during 2018 and 2019. 3b. Prepare the journal entry that Acquirer Co. would make on January 9, 2020 to record its sale of the Target stock

On November 1, 2016, Gordon Co. collected $10,380 in cash from its tenant as an advance rent payment on its store location. The six-month lease period ends on April 30, 2017, at which time the contract may be renewed.

a-1. Use the horizontal model to record the effect of the six months of rent collected in advance on November 1, 2016 for Gordon Co. (Use amounts with + for increases and amounts with – for decreases.)

a-2. Use the horizontal model to record the effect of the adjustment that will be made at the end of each month to show the amount of rent "earned" during the month for Gordon Co. (Use amounts with + for increases and amounts with – for decreases.)

Record the receipt a six-month advance rent payment.

Note: Enter debits before credits.

c. Suppose the advance collection received on November 1, 2016, covered an 30-month lease period at the same amount of rent per month. How should Gordon Co. report the unearned rent amount on its December 31, 2016, balance sheet?

The cash account for Pala Medical Co. at June 30, 20Y1, indicated a balance of $146,035. The bank statement indicated a balance of $181,965 on June 30, 20Y1. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling items:

1. Prepare a bank reconciliation. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers use a minus sign.

Question not attempted.

Score: 0/108