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22. On June 1, Green Company accepts a $12,000, 90-day, 8% note from a customer. Use a 360-day year. What is the maturity value of the note? 1. $12,160 2. $12,240 3. $12,720 4. $12,960 Instructions to students: Type in the correct number. Do not type in a decimal after inputting the number.

47. Monroe Company issues $150,000 of 8%, ten-year bonds for $156,000. Interest is paid every six months. Monroe uses straight-line amortization. The total bond premium is $6,000. Because interest is paid semiannually for ten years, there are 20 interest periods. Use the following calculations: Semiannual cash interest = $150,000 × 8% × 6 ÷ 12Semiannual premium amortization = $6,000 ÷ 20 periodsInterest Expense = Cash interest − Premium amortization What is Interest Expense for each six-month period? 1. $5,700 2. $6,000 3. $6,300 4. $6,600 Instructions to students: Type in the correct number. Do not type in a decimal after inputting the number.

42. A company is involved in a lawsuit. Based on the available evidence, the company’s attorney believes that the company will probably lose the lawsuit. The amount of the expected loss can be reasonably estimated. How should the company account for the expected loss? 1. Record an expense and a liability and provide appropriate disclosure 2. Disclose the lawsuit without recording an expense or liability 3. Ignore the lawsuit until the company pays cash 4. Record an asset and revenue Instructions to students: Type in the correct number. Do not type in a decimal after inputting the number.

41. Franklin Company reports the following amounts: Cash: $20,000Short-term investments: $10,000Accounts Receivable: $30,000Inventory: $50,000Current liabilities: $40,000 For this question, quick assets include cash, short-term investments, and Accounts Receivable. Inventory is excluded. Use the following formula: Quick ratio = Quick assets ÷ Current liabilities What is Franklin Company’s quick ratio? 1. 1.00 2. 1.25 3. 1.50 4. 2.75 Instructions to students: Type in the correct number. Do not type in a decimal after inputting the number.

35. Carson Company issues a $30,000, 90-day discounted note at an 8% annual discount rate. Use a 360-day year. For a discounted note, the bank deducts the interest in advance. Use the following formulas: Discount = Face amount × Discount rate × 90 ÷ 360Cash proceeds = Face amount − Discount How much cash does Carson receive from the bank? 1. $28,800 2. $29,400 3. $30,000 4. $30,600 Instructions to students: Type in the correct number. Do not type in a decimal after inputting the number.

26. Adams Company purchases equipment for $30,000. Adams pays $1,200 to transport the equipment to its location. Adams also pays $2,000 for installation. The $2,000 installation cost includes $500 spent correcting an installation mistake. Costs required to place the equipment into service are included in the equipment’s cost. Costs caused by mistakes are recorded as expenses. What amount should Adams record as the cost of the equipment? 1. $30,000 2. $31,200 3. $32,700 4. $33,200 Instructions to students: Type in the correct number. Do not type in a decimal after inputting the number.

Why do covalent-network solids such as diamond generally have very high melting points?

At standard temperature and pressure, the temperature is , the pressure is , and one mole of an ideal gas occupies approximately .

Place each situation under the gas law that is most directly applicable.

A gas occupies 5.00 L at 1.10 atm and 298 K. How many moles of gas are present? Use R = 0.0821 L·atm/(mol·K). Enter a numerical answer to three significant figures.