Answer:
$111,510
Explanation:
The Halo Company issued 41,300 executive stock options at price of $26 which totals $1,073,800. The vesting schedule is followed to calculate compensation expense. A stock option gives right to the stock option holder to buy or sell shares at specific price at specific time. The compensation expense is recognized when the vesting takes place. The stock option compensation expense is debited to income statement of the company.
Answer: Yes
Explanation:
The construction company is entitled to compensation because it has a property right to enter and remove minerals.
The investor gave the construction company the right to use the properties on the land, if anything would be done on the land, the construction company should be compensated because they bought the right to do business there. Since the owner granted them the sole right, they are entitled to the resources.
Income elasticity of demand is a measure of responsiveness of the quantity of goods or services demanded to a change in the income of the people demanding the good. It is calculated as the ratio of the percentage change in the quantity demanded to the percentage change in income.
In this case, percentage change in quantity demanded is 25% and percentange change in income is 20%
Therefore, income elasticity = 25/20
= 1.25
Answer:
A. There is a moderately good fit between the regression line and the individual data points on the scatterplot.
Explanation:
A -.5 correlation coefficient indicates a moderate negative correlation, which means that as the x variable increases in value, the y value decreases in value, but only in around half of the situations.
In a scatter plot, this will look like a small cloud of data points that fit more or less well around the regression line. The regression line slopes downward because the variables are inversely proportional (hence the negative coefficient).
Answer:
Ending inventory at cost using the conventional retail method is $46,824
Explanation:
The conventional retail inventory method is the way for retailer to track cost of purchasing and sale prices. In this calculation, it includes markups but exclude markdowns, then results in a lower inventory value.
Sheffield Inc. had beginning inventory of $12,000 at cost and $21,500 at retail, so the ratio of inventory cost and sales prices is 55.81%.
As such, the inventory cost of $184,000 at retail = 55.81% x ($184,000 + $9,600) = $108,048
The ending inventory cost of Sheffield Inc. = beginning inventory of $12,000 + net purchases of $142,872 – inventory cost for sales $108,048 = $46,824
