Answer and Explanation:
The computation and journal entries are shown below:
1.. The total compensation cost is
= 15 million × $3 per share
= $45 million
2.
On Jan 1
Deferred compensation expense $45 million
To Common Stock $15 million
To Additional paid in capital $30 million
(Being expense is recorded)
3.
On Dec 31
Compensation expense ($45 ÷ 3) $15 million
To Deferred compensation expense $15 million
(Being expense is recorded)
Answer:
Component cost of preferred stock is 11.4583 %
Explanation:
Given Data:
Preferred stock selling=96 percent of par.
Annual Coupon =11 percent
Required:
What would be Marme’s component cost of preferred stock?
Solution:
The formula we are going to use is:
Where:
is 11 percent annual coupon
preferred stock selling for 96 percent of par
If we convert the above percentage to dollar using the scale $1=1% then:
=$11
=$96
Component cost of preferred stock is 11.4583 %
<span>Past costs that are not affected by new decisions are known as sunk costs. Sunk costs do not need to be taken into account when making new decisions because the money associated with it was already lost and it can not be regained. This money is lost by businesses due to bad decisions, such as poor investments.</span>
Answer: Total quality management.
Explanation:
Total quality management is a management style in which, there is a continuous effort to increase effectiveness of product/services delivered by a company, this is achieved by constantly training workers to effectively carry out their duties and constant communication with consumers of products to know areas that needs improvement in product/service delivery.
