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3 years ago

EB6.

Business

1 answer:

Mrrafil [7]3 years ago

5 0

Answer:

Total cost to account for

Material Conversion

$ $

Beginning inventory 23,432 18,450

Cost added 41,392 85,692

Total cost to account for 64,824 104,142

Explanation:

Total cost to account for is the aggregate of cost of beginning inventory and cost added during the period. Conversion cost is the sum of labour and overhead. Thus, the cost added of conversion is $23,192 plus $62,500, which is equal to $85,692.

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Under its executive stock option plan, National Corporation granted 12 million options on January 1, 2018, that permit executive

Stella [2.4K]

Answer:

Total Compensation is $60 million

On December 31, 2018, 2019 and 2020

Dr. Compensation Expense $20 million

Cr. Paid-in Capital – stock options $20 million

April 3, 2021

Dr. Paid-in Capital – stock options $20 million

Cr. Common Stock (12 million x $1) $12 million

Cr. Paid-in Capital – stock options $8 million

Explanation:

Stock option is a type compensation which is given to the employees and executives of the company. It requires some some obligation to be performed by the employee to exercise.

Fair value at grant date = $5

Number of option granted = 12 million

Total Compensation = Fair value at grant date x Number of option granted = $5 x 12 million = $60 million

This compensation will be expensed over vesting period of 3 years.

Expense each year = $60 million / 3 = $20 million per year.

No Entry is required on grant date. Fair market value of the option is calculated on this date.

On December 31, 2018, 2019 and 2020 The expense will be recorded.

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4 years ago

In order for information to be meaningful, a firm's accounting processes and procedures should be certified as accurate by accep

kolezko [41]

Answer: Independent Auditors

Explanation: Independent Auditors are professionals in the field of accounting such as chattered accountants that are employed to check the business and financial records of an organization to which they don't work in. Auditors are used to ensure accuracy in records and also to ensure no financial mismanagement or fraud.

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3 years ago

Currently, Warren Industries can sell 15-year, $1,000-par-value bonds paying annual interest at a 12% coupon rate. Because c

Korolek [52]

Answer:

11.57% and 9.02%

Explanation:

For computing the before-tax and after- tax cost of debt we use the RATE formula i.e to be shown in the attachment below:

Given that,

Present value = $1,050 - $20 = $1,030

Future value or Face value = $1,000

PMT = 1,000 × 12% = $120

NPER = 15 years

The formula is shown below:

= Rate(NPER;PMT;-PV;FV;type)

The present value come in negative

So, after solving this,

1. The pretax cost of debt is 11.57%

2. And, the after tax cost of debt would be

= Pretax cost of debt × ( 1 - tax rate)

= 11.57% × ( 1 - 0.22)

= 9.02%

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3 years ago

The sympathetic and parasympathetic divisions of the ANS:_______ A. Never innervate the same organ. B. May work together, each c

oee [108]

Answer:

B. May work together, each controlling a stage of a complex process.

Explanation:

The sympathetic and parasympathetic divisions of the ANS: May work together, each controlling a stage of a complex process.

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4 years ago

Olav owns precision painting, a sole proprietorship. olav's liability is

MakcuM [25]

Answer:

The answer is D.

Explanation:

A sole proprietorship is a one man business( it is owned and run by one man). Sole proprietorship is not a distinct business entity i.e there is no legal distinction between the owner and the business entity.

Because the business is not separated from its owner, he or she can be liable for the debt of the business. The sole proprietorship can be sued directly for any bad debt the business incurs. This is what unlimited liability means and it is the main disadvantage of of sole proprietorship.

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3 years ago