We are given the series of chemical reactions:
Ethane is chlorinated in a continuous reactor:
C2H6 + Cl2 --> C2H5Cl + HCl
But some of the product monochloroethane becomes further
chlorinated by an undesired side reaction:
C2H5Cl + Cl2 --> C2H4Cl2 + HCl
So to avoid the product monochloroethane to be further
chlorinated, there must be fast processing or fast conversion of ethane so that
there would less time for further chlorination. Hence we must design the
reactor for high conversion of ethane.
To make the process economical, there must be a
downstream separation step that would separate the main product monochloroethane
from the undesired product dichloroethane.
Difference between the Us Dollar. 1 US dollar is .86 Euro
Answer:
a. $880.74
b. 13 years
Explanation:
a. Conversion ratio = Current Value of bond / Conversion price = 1,000 / 93.4 = 10.71
Conversion price of bond = 10.71 × 28.60 = $306.31
Coupon = Par value of bond * Coupon rate = $1,000 * 6.4% = $64
Present value of straight debt is calculated below:
Present Value = $64 × [1-(1+7.4%)^-30 / 7.4%] + [$1,000 / (1+7.4%)^30]
= $64*11.93 + $117.46
= $763.28 + $117.46
= $880.74
.
Therefore, the minimum value of bond is $880.74
b. Conversion ratio = 10.71
Current stock price = $28.6
Suppose number of year the stock will take to reach above $1,140 is t.
Conversion value = Current stock price * Conversion ratio*(1+10.8%)^t
$1,140 = $28.6 * 10.71 * (1.108)^t
(1.108)^t = 3.7218
t = 12.8145 year.
t = 13 years
Answer and Explanation:
The Journal entry is shown below:-
On November 2022
Cash Dr, $193,200 (6,900 × $28)
To Unearned Subscription Revenue $193,200
(Being the receipt of the subscriptions is recorded)
Therefore to record the receipt of the subscriptions we simply debited the cash as it increased the assets and we credited the unearned subscription revenues as increased the liability so that the correct posting could be done
I think it’s D I don’t know if I’m wrong or right but D sounds right
