How many molecules of sucrose are contained in 14.3 mL of 0.120 M sucrose solution?

How many grams of Li3N can be formed from 0.75 moles of Li?  Assume an excess of nitrogen.             6 Li(s) + N2(g)  →  2 Li3N(s)

How many moles of nitrogen are formed when 78.6 g of KNO3 decomposes according to the following reaction?  The molar mass of KNO3 is 101.11 g/mol.             4 KNO3(s)  →  2 K2O(s) + 2 N2(g) + 5 O2(g)

Bulldog Company had the following account balances at December 31, Year 1: Accounts Receivable  $       950,000 Allowance for doubtful accounts before any provision for Year 1 doubtful accounts expense  $         16,000 Credit Sales for Year 1  $   2,150,000 Bulldog is considering the following method of estimating doubtful accounts expense for year 1: Based on credit sales at 2% Based on accounts receivable at 6% What amount should Bulldog charge to doubtful accounts expense under each method? (% of credit sales; % of accounts receivable)

Lee Home Improvement Company installs replacement siding, windows, and louvered glass doors for single-family homes and condominium complexes. The company is in the process of preparing its annual financial statements for the fiscal year ended May 31, 2020. Andrea Spain, controller for Lee, has gathered the following data concerning inventory. At May 31, 2020, the balance in Lee’s Raw Materials Inventory account was $403,920, and Allowance to Reduce Inventory to Market had a credit balance of $21,200. Spain summarized the relevant inventory cost and market data at May 31, 2020, in the schedule below. Spain assigned Peter DeGabriel, an intern from a local college, the task of calculating the amount that should appear on Lee’s May 31, 2020, financial statements for inventory at lower-of-cost-or-market as applied to each item in inventory. DeGabriel expressed concern over departing from the historical cost principle. Assume Lee uses LIFO inventory costing. Cost Replacement Cost Sales Price Net Realizable Value Normal Profit Aluminum siding $69,300 $61,875 $63,360 $55,440 $5,049 Cedar shake siding $85,140 $78,606 $93,060 $83,952 $7,326 Louvered glass doors $110,880 $122,760 $184,536 $166,617 $18,315 Thermal windows $138,600 $124,740 $153,252 $138,600 $15,246 Total $403,920 $387,981 $494,208 $444,609 $45,936   Determine the proper balance in Allowance to Reduce Inventory to Market at May 31, 2020. Do NOT use a dollar sign ($) in your answer. Balance in the Allowance to Reduce Inventory to Market $   For the fiscal year ended May 31, 2020, determine the amount of the gain or loss that would be recorded due to the change in Allowance to Reduce Inventory to Market. Do NOT use a dollar sign ($) in your answer. Indicate loss with either parenthesis or a negative sign (-). The amount of gain (loss) $

The sales price for a product provides a gross profit of 34% of sales price. What is the gross profit as a percentage of cost?

Jack Co.’s inventory on December 31, 2005 was $1,100,000, based on a physical count priced at cost, and before any necessary adjustment for the following: Merchandise costing $40,000, shipped FOB shipping point from a vendor on December 30, 2005, was received and recorded on January 5, 2006. Goods in the shipping area were excluded from inventory although shipment was not made until January 4, 2006. The goods, billed to the customer FOB shipping point on December 30, 2005, had a cost of $100,000 (and were not set aside for the customer). What amount should Jack report as inventory in its December 31, 2005, balance sheet?

On February 1, 2020, Carskadon Corporation factored receivables with a carrying amount of $350,000 to Leather Company. Leather Company assesses a finance charge of 4% of the receivables and retains 6% of the receivables. Relative to this transaction, you are to determine the amount of loss on sale to be reported in the income statement of Carskadon Corporation for February. Assume that Carskadon factors the receivables on a without recourse basis. The loss to be reported is

A flash flood swept through FMB, Inc.’s warehouse on May 1. After the flood, FMB’s accounting records showed the following: Inventory, January 1  $   35,000 Purchases, January 1 through May 1  $ 200,000 Sales, January 1 through May 1  $ 250,000 Inventory not damaged by flood  $   30,000 Gross profit percentage on sales 40% What amount of inventory was lost in the flood?

Which of the following statements is false regarding an assumption of inventory cost flow?