1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
vodomira [7]
3 years ago
9

To encourage employee ownership of the company's common shares, KL Corp. permits any of its employees to buy shares directly fro

m the company through payroll deduction. There are no brokerage fees and shares can be purchased at a 12% discount. During May, employees purchased 13,000 shares at a time when the market price of the shares on the New York Stock Exchange was $15 per share. KL will record compensation expense asscoiated with the May purchases of:
A.) $24,200
B.) $0
C.) $195,000
D.) $23,400
Business
1 answer:
JulijaS [17]3 years ago
4 0

Answer:

d. $23,400

Explanation:

The computation of compensation expense is shown below:-

Total number of shares purchased = 13,000

Market price of share = $15 per share

Compensation expenses per share = issue price at 12% discount

= $15 × 12%

= $1.8

Total compensation expenses = Compensation expenses per share × Total number of shares purchased

= $1.8 × 13,000

= $23,400

So, for computing the compensation expenses we applied the above formula.

You might be interested in
Being able to calculate a healthy margin analysis will help the research & development department understand how to change t
harkovskaia [24]
Ggggggggggggggggggggggggggg
4 0
3 years ago
Which inventory method results in the highest net income during periods of falling prices?
Y_Kistochka [10]
The answer is a. LIFO
7 0
2 years ago
Help me with the question​
masha68 [24]

Answer:

See below

Explanation:

6 0
3 years ago
Anthony corporation reported the following amounts for the year: net sales$296,000 cost of goods sold 138,000 average inventory
VladimirAG [237]

In the given question GP ratio will be 53.4%

Here Net sales= 296000 $

Cost of goods sold= 138000 $

average inventory= 50000 $

Gross profit= Net sales- Cost of goods sold

                    =296000-138000

                     =158000

Formula for calculating Gross profit ratio is:

Gross profit/ Net sales *100

= 158000/296000*100

=53.4%

Gross profit ratio is a financial ratio which measures the performance and efficiency of a business by dividing its gross profit  by the total net sales. The gross profit ratio can also be expressed in  the form of percentage by multiplying the result by 100.

To know more about GP ratio here:

brainly.com/question/22718027

#SPJ4

4 0
1 year ago
Á<br> Business models are classified under the rubric of business
miv72 [106K]
??????????????????????????????
7 0
3 years ago
Other questions:
  • Lindley company is interested in verifying previous job responsibilities held by its applicants. the selection technique that wi
    10·1 answer
  • Assume a central bank exchanges its currency for other foreign currencies in the foreign exchange market, but does not adjust fo
    14·1 answer
  • Which of the following statements is false?
    8·1 answer
  • When setting optimal prices, which of the following is a concern when utilizing a regression of observed sales on observed price
    6·1 answer
  • 1. Assume that nominal GDP for 2012 was $700B with a price index of 110 (using 2004 as the base year). What is the real GDP for
    7·1 answer
  • Introduce national employment with its importance and examples​
    9·1 answer
  • Required Information
    6·1 answer
  • Free coins and brainly
    13·2 answers
  • What is the result of subtracting the project costs from the benefits and then dividing by the costs
    10·1 answer
  • Opportunity costs are classified as ____ costs in project analysis. multiple choice question. irrelevant sunk relevant intangibl
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!