Answer and Explanation:
1.
5 million shares granted ×$9.00=$45,000,000
2. No entry is made on the grant day.
3-5 )Dr compensation expenses 15
(45 million ÷3 years)
Cr Paid in capital-restricted stock 15
Note: The entry is the same for years 2021 to 2023
6. Dr Paid in capital-restricted stock 45
Cr Common stock($5 million share×$1 par)
$5
Cr Paid in capital - excess of par (Remainder) $40
The finance cluster and the management cluster would be best for Scott because in finance he can work with money and others but in the management cluster he can be a leader working with others.
Answer:
Fair price =$635.23
Explanation:
<em>Th fair price that he should be willing to pay is the present value of the $1000 expected in 5 years time.</em>
<em>Present value (PV) is the worth today if a future amount is discounted at a particular rate of interest.</em>
PV = FV × (1+r)^(-n)
PV - present value = ?
FV -Future value - 1000,
r- discount rate - 9.5%,
n - future date - 5
PV = 1,000 × (1.0950^(-5)
PV = 1,000 × 0.6352
PV =635.2276653
Fair price =$635.23
Because when you are asking somebody, you need to be informed about the object and most objects involve science.
hope this helped :)
