Under its executive stock option plan, N Corporation granted options on January 1, 2021, that permit executives to purchase 12.0
1 answer:
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Answer:
Check the explanation
Explanation:
1. Record the journals as shone, below:
Date Accounts title & explanation Debit (S) Credit(S) 2016 Research and development expense 2,200,000 ` Cash 2,200,000
(To record the expense incurred
on research and development)
2017 Research and development expense 800,000 ` ` Software and development costs 400.000
Cash 1,200,000
(To record the sc&ware
development costs incanted)
kindly check the answer to the second question in the attached image below
Answer: $1,014,300
Explanation:
The company wants to maintain 20% of the next month's needs as ending inventory.
One Miniwap requires 2.5 kg of Jurision to be made.
Materials purchased is;
= Ending inventory + Materials used - Begining inventory
Ending Inventory;
= 20% of September Jurision
= 20% * 21,300 * 2.5
= 10,650 kg
Materials used
= 2.5 kg * August Miniwaps
= 2.5 * 22,600
= 56,500 kg
Materials Purchased = 10,650 + 56,500 - 10,800
= 56,350 kg
Cost of Jurision is $18 per kilo
= 56,350 * 18
= $1,014,300
