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Svetradugi [14.3K]
3 years ago
6

To encourage employee ownership of the company's common shares, KL Corp. permits any of its employees to buy shares directly fro

m the company through payroll deduction. There are no brokerage fees and shares can be purchased at a 15% discount. During May, employees purchased 10,000 shares at a time when the market price of the shares on the New York Stock Exchange was $15 per share. KL will record compensation expense associated with the May purchases of:
Business
1 answer:
Norma-Jean [14]3 years ago
3 0

Answer:

$22,500

Explanation:

KL Corp

Cash ($15×$10,000 85%) $127,500

Compensation expenses ($15×$10,000×15%) $22,500

Common stock ($15×$10,000) $150,000

Therefore KL will record compensation expense associated with the May purchases of $22,500

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Which of the following is a weakness of publicity? Publicity has high absolute costs. Publicity is difficult to receive good fee
Fittoniya [83]

Answer:

There is a lack of user control over publicity.

Explanation:

Publicity is the degree of awareness of a product, company or service. It is the movent of information from the source to the general public.

One of the weakness of publicity is the lack of control the user or source has over it. Once an information is given to the public they form a perception and spread it in a way that the original source cannot control.

The lack of control a user has over publicity can have adverse effects, for example when negative publicity is circulating in the market a company is operating, it can lead to loss of revenue.

7 0
3 years ago
July 1 Purchased merchandise from Boden Company for $6,000 under credit terms of 1/15, n/30, FOB shipping point, invoice dated J
kramer

Answer:

Journal Entries are as below

Directive or Autocratic Decision Making:

Managers who embed such style assess few alternatives and consider limited information while taking any decision. They are intuitive and impulsive, do not find it important to consult with others or seek information in any form and use their cognitive process and idea while taking decisions.

BLINK COMPANY    

JOURNAL    

PERPETUAL INVETORY SYSTEM [AMOUNT IN $]    

   

DATE PARTICULARS     INVOICE DATE DR. CR.

Jul-01 PURCHASE A/C     Jul-01  6,000  

1/15,N/30  PAYABLE A/C {BODEN CO.}      6,000

Jul-02 A/C RECIEVABLE {CREEK CO.}   Jul-02  900  

                                      SALES      900

2/10,N/60    

COST OF GOODS SOLD      500  

   INVENTORY        500

Jul-03 CARRIAGE INWARDS A/C   Jul-01  125  

                                       CASH A/C      125

Jul-08 CASH A/C       1,700  

                                        SALES A/C     1,700

COST OF GOODS SOLD      1,300  

                                        INVENTORY     1,300

Jul-09 PURCHASE A/C     Jul-09  2,200  

                                        PAYABLE A/C {LEIGHT CO.}   2,200

2/15,N/60    

Jul-11 PAYABLE A/C {LEIGHT CO.}   Jul-09  200  

                                         INVENTORY     200

Jul-12 BANK A/C     Jul-02  882  

DISCOUNT ALLOWED      18  

                                          A/C RECIEVABLE {CREEK CO.}   900

Jul-16 PAYABLE A/C {BODEN CO.}   Jul-01  6,000  

                                           BANK A/C     5,940

                                           DISCOUNT RECEIVED    60

Jul-19 A/C REVIEVABLE {ART CO.}     1,200  

                                            SALES      1,200

2/15,N/60    

COST OF GOODS SOLD      800  

                                             INVENTORY     800

Jul-21 SALES RETURN A/C    Jul-19  200  

                                             A/C RECIEVABLE {ART CO.}   200

INVENTORY       134  

                                             COST OF GOOD SOLD    134

Jul-24 PAYABLE A/C {LEIGHT CO.}     2,000  

                                              BANK A/C      1,960

                                              DISCOUNT RICEIVED    40

Jul-30 BANK A/C     Jul-19  980  

DISCOUNT ALLOWED      20  

                                               A/C RECIEVABLE {ART CO.}   1,000

Jul-31 A/C RECIEVABLE {CREEK CO.}   Jul-31  7,000  

                                                SALES     7,000

2/16,N/60    

COST OF GOODS SOLD      4,800  

                                                 INVENTORY     4,800

Download xlsx
3 0
3 years ago
19. An investor has purchased a property that is giving him a 10% rate of return. Potential gross rents total $10,000.00 a month
gogolik [260]

Answer:

the market value of the property is $628,300

Explanation:

The computation of the market value of the property is shown below;

Gross rent $10,000 × 12= $120,000

Now

= $120,000 ×  .92 (occupancy rate)

= $110,400

After that

= $110,400 - $47,570

= $62,830

And ,finally the market value of the property is

= $62,830 ÷ 0.10  

= $628,300

hence, the market value of the property is $628,300

4 0
3 years ago
Assume the real rate of interest is 3.00% and the inflation rate is 6.00%. What is the value today of receiving 14,488.00 in 13.
OverLord2011 [107]

Answer:

Present Value= $15,874.25

Explanation:

Giving the following information:

Assume the real rate of interest is 3.00% and the inflation rate is 6.00%. What is the value today of receiving 14,488.00 in 13.00 years?

<u>This is a rare case where the interest rate is negative:</u>

Interest rate= 0.03 - 0.06= -0.03

Having said this, the present value is higher than the final value:

PV= FV/ (1+i)^n

PV= 14,488/ 0.97^3= $15,874.25

6 0
3 years ago
How much should an airline charge students for a ticket if the price it charges the general public is $360?
Archy [21]
$300 
i made a guess.

hope it helped

6 0
3 years ago
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