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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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alexira [117]

George H.W. Bush firmly said, "Read my lips: no new taxes."

He would continue to be troubled by the words. The top tax rate was increased from 28% under Ronald Reagan to 31% by the Omnibus Budget Reconciliation Act of 1990.

What is Tax??

In order to ensure that taxpayers are paying the proper amount of tax at the proper time and obtaining the proper tax allowances and tax reliefs, tax compliance refers to both policy actions and individual behaviour. A tax is a mandatory financial charge or some other type of levy imposed on a taxpayer (A person or legal entity) is used by a government organisation to pay for government expenses and other public expenditures (regional, local, or national). Around 3000–2800 BC, the first recorded taxation was enacted in ancient Egypt. Non-compliance with the law includes failing to pay on time as well as evading or resisting taxation. Taxes can be paid in cash or in the labour equivalent and can be either direct or indirect.

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7 0
1 year ago
Identify the detective control below.
Darina [25.2K]

Answer:

Reconciling the bank statement to the cash control account.

Explanation:

The reason is that the detective approach is the one which helps in identification of the errors in recording the facts and figure in a control system is the detective control. In this case, bank reconciliation helps in accessing the errors and entries that are not recorded in the books of accounts hence it is a detective control.

7 0
3 years ago
You want to store events, members, and inventories for the New Horizon Candle Company and you need to collect the information in
denpristay [2]

The easiest function available in MS Access to begin collecting data quickly is to use a pre-designed Template.

<h3>What is pre-designed Template in MS Access?</h3>

Basically, the Ms Access is a database app that helps to store information for reference, reporting and analysis.

The pre-designed Template makes collection of data faster because the query, tables are already designed for instant use.

Hence, the Option B is correct since the easiest function available in MS Access to begin collecting data quickly is to use a pre-designed Template.

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3 0
2 years ago
Mardee represented condo owner carol, and they signed an exclusive agency listing agreement. If carol found her own buyer, would
Sophie [7]

If carol found her own buyer, would she owe mardee a commission option (c)i.e, No, because Carol found her own buyer.

A sales commission is a payment made to an employee after they successfully complete a task, typically selling a predetermined volume of goods or services. Sales commissions are a common incentive used by employers to boost employee productivity. A commission can be paid instead of or in addition to a salary.

Employers provide a commission to entice workers, increase productivity, increase sales, and draw in new clients. In many areas, like the automotive and real estate sectors, commission-based pay is the norm for sales and marketing positions.

The complete question is:

Mardee is representing Carol in the sale of her condo, and they've signed an exclusive agency listing agreement. If Carol finds her own buyer, does she owe Mardee a commission?

a.)No, because Carol is not a real estate licensee.

b.)Yes, because they have an exclusive agency listing agreement.

c.)No, because Carol found her own buyer.

d.)Yes, but she only owes the listing commission.

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3 0
1 year ago
The Juarez family is looking for a new cable company. After conducting research, they decide on a new cable provider. They call
Vadim26 [7]

The correct answer to this open question is the following.

Although there are no options provided, we can say the following.

The IMC marketing material to close the sale was the personal selling tool, using persuasion, and highlighting the benefits of the service to close the sale.

We are talking about Integrated Marketing Communications that include different disciplines such as Public Relations, Promotions, Sales, or Advertising. These resources are used by companies to plan and implement programs aimed to offer their products and services and closing the sale, relying on good customer service. Most of the modern campaigns include IMC to support the marketing effort.

5 0
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