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AnnyKZ [126]
3 years ago
13

On January 1, 2018, Martinez Inc. granted stock options to officers and key employees for the purchase of 22,000 shares of the c

ompany’s $10 par common stock at $23 per share. The options were exercisable within a 5-year period beginning January 1, 2020, by grantees still in the employ of the company, and expiring December 31, 2024. The service period for this award is 2 years. Assume that the fair value option-pricing model determines total compensation expense to be $340,800.On April 1, 2019, 2,200 options were terminated when the employees resigned from the company. The market price of the common stock was $33 per share on this date.On March 31, 2020, 13,200 options were exercised when the market price of the common stock was $41 per share.Prepare journal entries to record issuance of the stock options, termination of the stock options, exercise of the stock options, and charges to compensation expense, for the years ended December 31, 2018, 2019, and 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)DateAccount Titles and ExplanationDebitCreditJan. 1, 2018Dec. 31, 2018April 1, 2019Dec. 31, 2019Mar. 31, 2020Jan. 1, 2018Dec. 31, 2018April 1, 2019Dec. 31, 2019Mar. 31, 2020Jan. 1, 2018Dec. 31, 2018April 1, 2019Dec. 31, 2019Mar. 31, 2020Jan. 1, 2018Dec. 31, 2018April 1, 2019Dec. 31, 2019Mar. 31, 2020Mar. 31, 2020
Business
1 answer:
just olya [345]3 years ago
6 0

Answer:

   Date           Account titles and explanation     Debit       Credit

Jan 1, 2018     No entry

Dec 31, 2018 Compensation expense                $170,400  

                     Paid in capital - stock option                           $170,400

                      ($340800 * 1/2)

April 1,2019   Paid in capital - stock option          $17,040

                     Compensation expenses                                  $17,040

                     ($170400 * 2200 / 22000)

Dec 31 ,2019  Compensation expenses              $153,360  

                      Paid in capital - stock option                            $153,360

                      {($340800 * 1/2) * 19800 / 22000}

Mar 31, 2020   Cash                                               $303,600

                        (13,200 * $23)

                        Paid in capital - stock option        $204,480  

                        ($340800 * 13200 / 22000)

                        Common stock                                                 $132,000

                        (13200 * $10)

                        Paid in capital in excess of par                        $376,080

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Why do you think Artificial Intelligence does not work for every face?
alisha [4.7K]

Answer:

Social manipulation and AI bias: So far, AI is still at risk for being biased by the humans that build it. ... As Nick Bostrom explained, “The biggest threat is the longer-term problem introducing something radical that's super intelligent and failing to align it with human values and intentions.Mar 2, 2020

Explanation:

Hope this helps

6 0
3 years ago
Company A estimates that it needs 30% of sales in net working capital. In year 1, sales were $1 million and in year 2, sales wer
Verizon [17]

Answer:

(B) outflow of $300,000

Explanation:

The change in net working capital of the Company A shall be determined through the following mentioned equation:

Change in net working capital=Percentage of sales in year 2-Percentage of sales in year 1

Change in net working capital=0.30*$2,000,000-0.30*$1,000,000

                                                    =$300,000 out flow

So based on the above calculations, the answer shall be (B) outflow of $300,000

5 0
3 years ago
Over the past four years, the annual percentage returns on large-company stocks were 15, 7, 4, and 18%. For the same time period
Kisachek [45]

Answer:

c. 7.98; .92.

Explanation:

My calculations varied slightly (0.02% and 0.01%), but the error might be a rounding error. Option C is the logical answer since the difference is minimum.

real rate returns from stocks:

15% - 2.8% = 12.2%

7% - 2.8% = 4.2%

4% - 2.8% = 1.2%

18% - 2.8% = 15.2%

average real return = 8.2% arithmetic mean

average real return = 8% geometric mean

real rate returns from US T-bills:

6% - 2.8% = 3.2%

3% - 2.8% = 0.2%

2% - 2.8% = -0.8%

4% - 2.8% = 1.2%

average real return = 0.95% arithmetic mean

average real return = 0.93% geometric mean

4 0
2 years ago
100 free hope you do the same
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Tyyyyyyyyysssssmmmmmmmm
7 0
2 years ago
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aleksandrvk [35]
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