14. Dawson Company has $60,000 in cash and $30,000 in short-term investments. Dawson reports annual operating expenses of $450,000. The operating expenses include $12,000 of depreciation expense, which does not require a cash payment. Assume a 365-day year. Use the following formulas: Annual cash operating expenses = Operating expenses − Depreciation expenseDaily cash operating expenses = Annual cash operating expenses ÷ 365Days’ cash on hand = (Cash + Short-term investments) ÷ Daily cash operating expenses How many days’ cash on hand does Dawson Company have? 1. 60 days 2. 75 days 3. 90 days 4. 100 days Instructions to students: Type in the correct number. Do not type in a decimal after inputting the number.

27. Equipment costs $32,000, has an estimated residual value of $2,000, and has an estimated useful life of six years. What is the annual straight-line depreciation? 1. $4,667 2. $4,800 3. $5,000 4. $5,333 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.

11. Morris Company’s bank statement shows a balance of $18,400. Morris has $2,100 of deposits in transit. These deposits have been recorded by Morris but have not yet been recorded by the bank. Morris also has $1,750 of outstanding checks. These checks have been recorded by Morris but have not yet cleared the bank. Use the following calculation: Adjusted bank balance = Bank statement balance + Deposits in transit − Outstanding checks What is Morris Company’s adjusted bank balance? 1. $14,550 2. $18,050 3. $18,400 4. $18,750 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.

Match each molecular substance with the strongest intermolecular force present in a pure sample.

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

Methane, ammonia, and water have similar formula masses. Which substance is expected to have the highest boiling point?

A gas occupies 2.50 L at a pressure of 1.20 atm. The gas is compressed to 1.50 L at constant temperature. What is the final pressure, in atmospheres? Enter a numerical answer to three significant figures.

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.