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Pani-rosa [81]
3 years ago
7

LCI Cable Company grants 2.9 million performance stock options to key executives at January 1, 2021. The options entitle executi

ves to receive 2.9 million of LCI $1 par common shares, subject to the achievement of specific financial goals over the next four years. Attainment of these goals is considered probable initially and throughout the service period. The options have a current fair value of $20 per option.
Prepare the appropriate entry when the options are awarded on January 1, 2021.
Business
1 answer:
DanielleElmas [232]3 years ago
5 0

Answer:

On the date of grant of options-January 1 2021 no entries are required yet in the books of accounts

Explanation:

The value of the options granted to the key executives is computed as follows:

total options fair value=number of shares *current fair value per option

number of shares granted is 2.9 million

current fair value per option is $20

total options fair value=2,900,000*$20

                                    =$58,000,000

the total options value would recognized in the books over four year period on straight line basis =$58,000,000/4

                                   =$14,500,000

At 31 December 2021 for instance,the following entries would be passed:

Dr Compensation expense        $4,500,000

Cr Paid-in capital-stock options                       $4,500,000

However, on the date of grant of options-January 1 2021 no entries are required yet in the books of accounts

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A team may be a work group composed of multinational members whose activities maintenance multiple countries; teams have successfully  cultural, geographic, and managerial  to team effectiveness.

Task specialist means an individual assigned by the operator or a 3rd party, or acting as an undertaking, who performs tasks on the bottom directly related to a specialized task shipping or performs specialized tasks on board or from the aircraft. Among the trends that are occurring in today's high-performance work systems are reliance on knowledge workers, empowerment of employees to form decisions, and therefore the use of teamwork.

A group could be a collection of people who coordinate their efforts, while a team may be a group of individuals who share a typical goal. While similar, the 2 are different when it involves decision-making and teamwork.

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1 year ago
For example, in the high end segment analysis on the left, total demand is 2554 and next years growth rate is 16.2% next years d
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Answer:

2968

Explanation:

total demand is 2554

growth rate is 16.2%

Next year total demand = 2554 + growth (total demand x 16.2%)

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= 2554 + 413.748

= 2967.748

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8 0
3 years ago
Read 2 more answers
Account Balances
Mashutka [201]

If a person write a check for $759 to make a payment on a loan, then the account balance would be changed as in the balance sheet of the person.

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An Account balance is limited as the amount of monetary system that is hold in a specific account in the bank account or in any another account.

From the given case, if a person make a payment of loan, then the account balance would be:

Assets = $36,767 ($37,526 – $759)

Liabilities = $12,086 ($12,845  -$759)

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Therefore, the balance of Equity remains unaffected by the payment of loan.

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1 year ago
Determine whether each of the following goods is a private good, a public good, a common resource, or a club good. Private Good
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Answer:

Common Resource

public good

private good

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A club good is a type of public good. It is excludable but non-rivalrous. For example paid streaming services are an example of a club good. Those who do not subscribe are excluded from using the service. But all subscribers have equal assess to the service

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A private good is a good that is excludable and rivalrous. They are usually exchanged in the market by private sector businesses. It is only you who purchased the drum set and those you allow that can use the drum set.

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2 years ago
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The definition of the problem is listed in the explanation segment below.

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The diverse worldview is referred to as one of the OLI systems, in which OLI refers to possession, place, and internalization.

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