Ealing Corporation, a U.S. diversified power management company, reported a balance in Retained Earnings of $2,796 million at the beginning of Year 7 and $3,257 million at the end of Year 7. Based on Ealing Corporation’s financial reports for fiscal Year 7, it reported dividends declared and paid of $251 million for Year 7. Compute the amount of net income for Year 7. Ealing Corporation applies U.S. GAAP and reports its results in millions of U.S. dollars.
> For each of the following unbalanced chemical equations, suppose that exactly 1.00 g of each reactant is taken. Determine which reactant is limiting, and calculate what mass of the product in boldface is expected (assuming that the limiting reactant is c
> For each of the following unbalanced chemical equations, suppose 10.0 g of each reactant is taken. Show by calculation which reactant is the limiting reagent. Calculate the mass of each product that is expected. a. C3H8(g) + O2(g)
> Consider samples of phosphine (PH3), water (H2O), hydrogen sulfide (H2S), and hydrogen fluoride (HF), each with a mass of 119 g. Rank the compounds from the least to the greatest number of hydrogen atoms contained in the samples.
> For each of the following unbalanced chemical equations, suppose that exactly 5.00 g of each reactant is taken. Determine which reactant is limiting, and calculate what mass of each product is expected (assuming that the limiting reactant is completely c
> For each of the following balanced chemical equations, calculate how many grams of the product(s) would be produced by complete reaction of 0.125 mole of the first reactant. a. AgNO3(aq) + LiOH(aq) AgOH(s) + LiNO3(aq) b. Al2(SO4)3(aq)
> For each of the following unbalanced reactions, suppose exactly 5.00 moles of each reactant are taken. Determine which reactant is limiting, and also determine what mass of the excess reagent will remain after the limiting reactant is consumed. For each
> Vitamin B12, cyanocobalamin, is essential for human nutrition. Its molecular formula is C63H88CoN14O14P. A lack of this vitamin in the diet can lead to anemia. Cyanocobalamin is the form of the vitamin found in vitamin supplements. a. What is the molar
> Determine the molar mass for the following compounds to four significant figures. Compound Molar Mass (g/mol) water iron(III) chloride potassium bromide ammonium nitrate sodium hydroxide
> When barium metal is heated in chlorine gas, a binary compound forms that consists of 65.95% Ba and 34.05% Cl by mass. Calculate the empirical formula of the compound.
> When 1.00 g of metallic chromium is heated with elemental chlorine gas, 3.045 g of a chromium chloride salt results. Calculate the empirical formula of the compound.
> Explain how one determines which reactant in a process is the limiting reactant. Does this depend only on the masses of the reactant present? Give an example of how to determine the limiting reactant by using a Before–Change–After (BCA) table with a bala
> When 2.004 g of calcium is heated in pure nitrogen gas, the sample gains 0.4670 g of nitrogen. Calculate the empirical formula of the calcium nitride formed.
> In the “Chemistry in Focus” segment Cars of the Future, the claim is made that the combustion of gasoline for some cars causes about 1 lb of CO2 to be produced for each mile traveled. Estimate the gas mileage of a car that produces about 1 lb of CO2 per
> A 1.2569-g sample of a new compound has been analyzed and found to contain the following masses of elements: carbon, 0.7238 g; hydrogen, 0.07088 g; nitrogen, 0.1407 g; oxygen, 0.3214 g. Calculate the empirical formula of the compound.
> Ammonium nitrate has been used as a high explosive because it is unstable and decomposes into several gaseous substances. The rapid expansion of the gaseous substances produces the explosive force. NH4NO3(s) N2(g) + O2(g) + H2O(g) C
> For each of the following unbalanced chemical equations, calculate how many moles of each product would be produced by the complete conversion of 0.125 mole of the reactant indicated in boldface. State clearly the mole ratio used for the conversion. a.
> Calculate the percent by mass of the element mentioned first in the formulas for each of the following compounds. a. sodium azide, NaN3 b. copper(II) sulfate, CuSO4 c. gold(III) chloride, AuCl3 d. silver nitrate, AgNO3 e. rubidium sulfate, Rb2SO4 f
> Although we tend to make less use of mercury these days because of the environmental problems created by its improper disposal, mercury is still an important metal because of its unusual property of existing as a liquid at room temperature. One process b
> Calculate the number of moles of hydrogen atoms present in each of the following samples. a. 2.71 g of ammonia b. 0.824 mole of water c. 6.25 mg of sulfuric acid d. 451 g of ammonium carbonate
> Calculate the number of molecules present in each of the following samples. a. 3.45 g of C6H12O6 b. 3.45 moles of C6H12O6 c. 25.0 g of ICl5 d. 1.00 g of B2H6 e. 1.05 mmol of Al(NO3)3
> Calculate the mass in grams of each of the following samples. a. 3.09 moles of ammonium carbonate b. 4.01 * 10-6 moles of sodium hydrogen carbonate c. 88.02 moles of carbon dioxide d. 1.29 mmol of silver nitrate e. 0.0024 mole of chromium(III) chlor
> If you have equal-mole samples of each of the following compounds, which compound contains the greatest number of oxygen atoms? a. magnesium nitrate b. dinitrogen pentoxide c. iron(III) phosphate d. barium oxide e. potassium acetate
> Calculate the number of moles of the indicated substance present in each of the following samples. a. 1.28 g of iron(II) sulfate b. 5.14 mg of mercury(II) iodide c. 9.21 µg of tin(IV) oxide d. 1.26 lb of cobalt(II) chloride e. 4.25 g of copper(II) ni
> Calculate the number of moles of the indicated substance present in each of the following samples. a. 21.2 g of ammonium sulfide b. 44.3 g of calcium nitrate c. 4.35 g of dichlorine monoxide d. 1.0 lb of ferric chloride e. 1.0 kg of ferric chloride
> Calculate the molar mass for each of the following substances. a. adipic acid, C6H10O4 b. caffeine, C8H10N4O2 c. eicosane, C20H42 d. cyclohexanol, C6H11OH e. vinyl acetate, C4H6O2 f. dextrose, C6H12O6
> Calculate the molar mass for each of the following substances. a. ferrous sulfate b. mercuric iodide c. stannic oxide d. cobaltous chloride e. cupric nitrate
> For each of the following balanced chemical equations, calculate how many moles of product(s) would be produced if 0.500 mole of the first reactant were to react completely. a. CO2(g) + 4H2(g) CH4(g) + 2H2O(l) b. BaCl2(aq) + 2AgNO3(
> Using the average atomic masses given inside the front cover of this text, calculate the number of atoms present in each of the following samples. a. 2.89 g of gold b. 0.000259 mole of platinum c. 0.000259 g of platinum d. 2.0 lb of magnesium e. 1.9
> Using the average atomic masses given inside the front cover of this text, calculate the mass in grams of each of the following samples. a. 5.0 moles of potassium b. 0.000305 mole of mercury c. 2.31 * 10-5 moles of manganese d. 10.5 moles of phosphor
> Using the average atomic masses given inside the front cover of this text, calculate how many moles of each element the following masses represent. a. 1.5 mg of chromium b. 2.0 * 10-3 g of strontium c. 4.84 * 104 g of boron d. 3.6 * 10-6 µg of califo
> When elemental carbon is burned in the open atmosphere, with plenty of oxygen gas present, the product is carbon dioxide. C(s) + O2(g) CO2(g) However, when the amount of oxygen present during the burning of the carbon is restricted, carbon
> For each of the following unbalanced equations, calculate how many moles of the second reactant would be required to react completely with 0.557 grams of the first reactant. a. Al(s) + Br2(l) AlBr3(s) b. Hg(s) + HClO4(aq)
> For each of the following unbalanced equations, calculate how many moles of the second reactant would be required to react completely with 0.413 moles of the first reactant. a. Co(s) + F2(g) CoF3(s) b. Al(s) + H2SO4(aq)
> Using the average atomic masses given inside the front cover of this book, calculate the mass in grams of each of the following samples. a. 0.341 mole of potassium nitride b. 2.62 mmol of neon (1 mmol = 1/1000 mol) c. 0.00449 mole of manganese(II) oxi
> Calculate the number of grams of cobalt that contain the same number of atoms as 2.24 g of iron.
> A strikingly beautiful copper compound with the common name “blue vitriol” has the following elemental composition: 25.45% Cu, 12.84% S, 4.036% H, 57.67% O. Determine the empirical formula of the compound.
> If you have equal mole samples of NO2 and F2, which of the following must be true? a. The number of molecules in each sample is the same. b. The number of atoms in each sample is the same. c. The masses of the samples are the same. d. 6.022 * 1023 mo
> Write the balanced chemical equation for the complete combustion of heptene, C7H14. In combustion, heptene reacts with oxygen to produce carbon dioxide and water. What is the mole ratio that would enable you to calculate the number of moles of oxygen nee
> Merchants usually sell small nuts, washers, and bolts by weight (like jelly beans!) rather than by individually counting the items. Suppose a particular type of washer weighs 0.110 g on the average. What would 100 such washers weigh? How many washers wou
> Exhibit 4.1 presents the balance sheet of Hathway Atlantic Airways Limited (Hathway), a Hong Kong airline, for the fiscal years ended December 31, Years 11 and 10. This balance sheet uses the terminology, format, and accounting methods of Hong Kong Fin
> Siderúrgica Venezolana “Sivensa,” S.A., is a Venezuelan steel and metalworking company. Assume that during a recent year, Sivensa recorded various transactions with the following journal entries. The compa
> Magyar Telekom is a Hungarian telecommunications company. The company applies IFRS and reports its results in millions of Hungarian forints (HUF). For each of the following hypothetical transactions or events facing Magyar Telekom, indicate the effects o
> Assume that a firm closes its books once per year, on December 31. The firm employs a full-time bookkeeper and a part-time professional accountant who makes all necessary adjusting entries to prepare the financial statements on December 31. During the ye
> Tertia Company presents balance sheets at the beginning and end of Year 8 (Exhibit 3.15), as well as a statement of cash receipts and disbursements (Exhibit 3.16). Prepare a combined statement of income and retained earnings for Year 8. (Hint: Usi
> Exhibit 3.13 presents the comparative balance sheet of The Secunda Company as of the beginning and end of Year 8. Exhibit 3.14 presents the income statement for Year 8. The company makes all sales on account and purchases all goods and services on accoun
> The following data relate to the Prima Company. (1) Exhibit 3.10: Balance sheet at December 31, Year 8. (2) Exhibit 3.11: Statement of net income and retained earnings for Year 8. (3) Exhibit 3.12: Statement of cash receipts and disbursements for Year 8.
> Forgetful Corporation (Forgetful) neglected to make various adjusting entries on December 31, the end of its accounting period. Forgetful applies U.S. GAAP, and reports in U.S. dollars. Indicate the effects on assets, liabilities, and shareholders’ equit
> Consider the following hypothetical information pertaining to Embotelladora Andina S.A. (Embotelladora), the producer and distributor of Coca-Cola products in Chile. Embotelladora applies Chilean accounting standards, and reports its results in thousands
> Computer Needs, Inc., operates a retail store that sells computer hardware and software. It began operations on January 2, Year 7, and operated successfully during its first year, generating net income of $8,712 and ending the year with $15,600 in its ba
> Portobello Co., a retailer, is in its 10th year of operation. On December 28, Year 18, three days before the close of its fiscal year, a flash flood devastated the company’s administrative office and destroyed almost all of its accounti
> Refer to the information for Zealock Bookstore in Problem 28. The following transactions relate to Year 5. (1) March 15, Year 5: Pays income taxes for Year 4. (2) June 30, Year 5: Repays the bank loan with interest. (3) July 1, Year 5: Obtains a new bank
> Zealock Bookstore opened a bookstore near a college campus on July 1, Year 4. Transactions and events of Zealock Bookstore during Year 4 follow. The firm uses the calendar year as its reporting period. (1) July 1, Year 4: Receives $25,000 from Quinn Zeal
> Refer to the information for Regaldo Department Stores as of January 31, Year 8, in Chapter 2, Regaldo Department Stores opened for business on February 1, Year 8. Transactions and events during February Year 8 were as follows. (1) February 1: Purchased
> Bob Hansen opens a retail store on January 1, 2013. Hansen invests $50,000 for all of the common stock of the firm. The store borrows $40,000 from a local bank. The store must repay the loan with interest for both 2013 and 2014 on December 31, 2014. The
> The balance sheet of Rybowiak’s Building Supplies on June 30, Year 12, appears nearby. The following transactions occurred during the month of July. (1) Sold merchandise on account for a total selling price of $85,000. (2) Purchased m
> Assume that LBJ Group (LBJ), a European engineering firm, engaged in the following six transactions during the year ended December 31, Year 3. LBJ applies U.S. GAAP and reports its results in millions of U.S. dollars. Give the journal entries to record (
> Analysis of transactions and preparation of income statement and balance sheet. Refer to the information for Patterson Corporation for January, Year 13, in Chapter 2, above. The following transactions occur during February. (1) February 1: The firm pays
> Analysis of transactions and preparation of income statement and balance sheet. Refer to the information for Moulton Corporation as of December 31, Year 12, in Chapter 2, Moulton Corporation opened for business on January 1, Year 13. It uses the accrual
> The following information is based on accounting data for Year 7 and Year 8 for China Oil Company (COC), a large petrochemicals company in China. COC applies IFRS, and reports its results in millions of U.S. Income Statement Items Year 8 Net Opera
> Conima Corporation, a Japanese construction firm, reported a balance in Income Taxes Payable of ¥3,736 million at the beginning of Year 7 and ¥14,310 million at the end of Year 7. Net income before income taxes for Year 7 totaled ¥73,051 million. Assume
> The accounting records of Callen Incorporated reveal the following for Year 7 and Year 8. Callen applies U.S. GAAP, and reports its results in thousands of euros. Income Statement Items For the Year Ended December 31, Year 8 Adminis
> Indicate the effects (increase, decrease, no effect) of the following independent transactions on (1) working capital (= current assets – current liabilities) and (2) the quick ratio, where accounts receivable are included but merchandise inventory is ex
> Indicate the immediate effects (increase, decrease, no effect) of each of the following independent transactions on (1) the rate of return on shareholders’ equity, (2) the current ratio, and (3) the liabilities to assets ratio. State any necessary ass
> Data taken from the financial statements of Arctagon, a steel manufacturer headquartered in the Netherlands, appear below (amounts in millions of euros). Arctagon acquired other steel companies during the three-year period. a. Compute the long-term deb
> Data taken from the financial statements of Kyoto Electric, a Japanese generator and provider of electric services, appear below (amounts in billions of Japanese yen). a. Compute the long-term debt ratio and the debt-equity ratio at the end of 2010, 20
> Data taken from the financial statements of Geneva S.A., a consumer foods company headquartered in Switzerland, appear as follows (amounts in millions of euros): a. Compute the current and quick ratios on December 31 of each year. b. Compute the cash f
> Data taken from the financial statements of FleetSneak, a designer and manufacturer of athletic footwear and apparel, appear as follows (amounts in millions of US$): a. Compute the current and quick ratios on May 31 of each year. b. Compute the cash fl
> The following information relates to Mickey Group, an entertainment company (amounts in millions of pounds sterling): a. Compute the fixed-asset turnover for each year. b. How well has Mickey Group managed its investment in fixed assets over the three
> The following information relates to the activities of Funtime, Inc., a manufacturer of toys (amounts in millions of euros): a. Compute the inventory turnover for each year. b. Compute the average number of days that inventories are held each year. c.
> The annual reports of Delta, Inc. and Sunny Day Company, two manufacturers of computers, reveal the information below for the current year (amounts in millions). Delta sells custom-order personal computers, primarily to individuals. Sunny Day sells highe
> EkaPhone, a Swedish firm specializing in communication networks, reported a balance in Inventories of SEK21,470 million at the beginning of Year 7 and SEK22,475 million at the end of Year 7. It also reported a balance in Trade (Accounts) Payable of SEK18
> The following data show four items from the financial statements of two companies for a recent year (amounts in millions of US$): a. Compute the rate of return on assets for each company and disaggregate ROA into profit margin and total assets turnover
> The following data show four items from the financial statements of two companies for a recent year (amounts in millions of US$): a. Compute the rate of return on assets for each company. Disaggregate the rate of return on assets into profit margin and
> Information taken from the annual reports of Mobilex, a petroleum company, for three recent years appears below (amounts in millions of US$): a. Compute the rate of return on equity for each year. b. Disaggregate the rate of return on equity into profi
> Information taken from recent annual reports of two retailers appears as follows (amounts in millions of US$). One of these companies is a discount store chain, and the other is a specialty retailer of apparel. Indicate which of these companies is the di
> Recent annual reports of two restaurant chains (Calem Incorporated and Garter Company) reveal the following (amounts in millions of US$): Calem operates a chain of restaurants featuring value-priced meals and owns all of its restaurants. Garter also se
> Exhibit 6.12 shows a simplified statement of cash flows for a period. Numbers appear on 11 of the lines in the statement. Other lines are various subtotals and grand totals; ignore these in the remainder of the problem. Assume that the accounting cycle i
> Exhibit 6.19 presents an abbreviated statement of cash flows for Largay Corporation for the current year (amounts in thousands of US$). After preparing this statement of cash flows for the current year, you discover that the firm sold an item of equipmen
> Market Star is a marketing services firm that creates advertising copy for clients and places the advertising in television, magazines, and other media. Accounts receivable represent amounts owed by clients, and accounts payable represent amounts payable
> Selected data for Finanka, a Finnish cellular phone manufacturer, appear below (amounts in millions of euros): a. Compute the amount of cash flow from operations for each of the four years using the indirect method. b. Discuss briefly the most importan
> The following items appear in the financial statements of Bamberger Enterprises for a recent year (amounts in thousands of US$): The changes in the current asset and current liability accounts were as follows: a. Compute the amount of cash flow from
> BigWing Company, a U.S. airplane manufacturer, reported a balance of $8,105 million in Inventory at the beginning of Year 7 and $9,563 million at the end of Year 7. Its income statement reported Cost of Products Sold of $45,375 million for Year 7. Comput
> The comparative balance sheets of Incloud Airlines show the following information for a recent year (amounts in thousands of US$): a. Prepare a statement of cash flows for Incloud Airlines for the year. Treat changes in non-operating assets as investin
> The comparative balance sheets of Dearing Incorporated show a balance in the Buildings and Equipment account at cost year-end of $17,369 million; a year earlier, the balance was $16,825 million. The Accumulated Depreciation account shows a balance of $5,
> The spreadsheet on the textbook’s Web site contains a dynamic version of the spreadsheet reproduced below: In the dynamic version of this spreadsheet available on the Web site, you can change any of the numbers in the yellow shaded se
> Refer to Exhibit 6.18, which provides items from the financial statements of Infotech Corporation. a. How much cash did Infotech pay during the year to its suppliers of goods? b. How much cash did Infotech pay during the year to its employees and suppl
> Exhibit 6.18 provides items from the financial statements of Infotech Corporation, a systems engineering firm, for the year. How much cash did Infotech collect from its customers during the year? Exhibit 6.18: Infotech Corporation Data from Income
> Jennings Company reported a balance in its Prepaid Rent (Advances to Landlord) account of $1,200 on January 1, 2014, for use of the building for the month of January 2014. On February 1, 2014, the firm paid $18,000 as the annual rental for the period fro
> Radion Corporation reported a balance in Income Taxes Payable of $78.1 million at the beginning of the year, $60.1 million at the end of the year, and income tax expense for the year of $161.5 million. Using the format of Exhibit 6.12, indicate the effec
> Gillette Limited borrowed £250 million on October 1 by issuing bonds. The debt carries an annual interest rate of 6%, which it must pay on April 1 and October 1 of each year. The debt matures 20 years after its issue date. Gillette’s accounting period en
> JAJ Incorporated reported a balance in retained earnings of $26,571 million at the beginning of the year and $28,132 million at the end of the year. Its dividends payable account increased by $233 million during the year. It reported net income for the y
> Yoshi Group reported in its reconciliation of net income to cash flow from operations a decrease in wages and salaries payable of ¥21 million during the year. It provided data showing that cash payments for wages and salaries to employees for the year we
> BrasPetro S.A., a large Brazilian petrochemical company, reported a balance of R$1,594.9 million in Accounts Receivable at the beginning of Year 7 and R$1,497.0 million at the end of Year 7. Its income statement reported total Sales Revenue of R$12,134.5
> The section showing cash flow from operations, using the indirect method, for Taylor Stores reported an increase in inventories of $5.7 million during the year. It reported also that the balance in accounts payable for inventories increased by $5.9 milli
> The section showing cash flow from operations, using the indirect method, for Electropin Company reported an increase in inventories during the year of $1,753 million and no change in accounts payable for inventories. The direct method would show cash pa
> Microchem Corporation reported a balance of €5,196 million in accounts receivable at the beginning of the year and €5,334 million at the end of the year. Its statement of cash flows using the direct method reported cash collections from customers of €33,
> Selected financial information for Oratel S.A.E. (Oratel), an Egyptian telecommunications firm, is shown in the following display for the years ended December 31, Year 13 and Year 12. Oratel applies Egyptian accounting standards and reports its results i
> Selected information from PharmaCare’s financial statements for the years ended December 31, Year 6 and Year 7, appear below. PharmaCare is a German pharmaceutical company that applies IFRS and reports its results in millions of euros (
> Selected information based on the comparative balance sheets for Solaronx Company (Solaronx), a U.S. defense manufacturer, appears in the following display for the years ended December 31, Years 10, 11, and 12. Solaronx applies U.S. GAAP and reports its
> Selected information based on the comparative balance sheets for MosTechi Corporation (MosTechi), a Japanese electronics manufacturer, appears next for the years ended March 31, Years 6, 7, and 8. MosTechi applies U.S. GAAP and reports its results in mil