How Many Pints of Blackberries?

Proposed by Frederick Taylor, the ______ approach requires managers to use a rational method to develop the right tools and proc

aliina [53]

Answer:

Scientific Management

Explanation:

Frederick Winslow Taylor founded the theory of scientific management. It is also known as Taylorism. The primary function of the theory is to improve economic efficiency. The theory focuses on the improvement of both the individual and the organization collectively. Emphasis is put on enhancing the methods of working to increase production.

8 0

3 years ago

A city's Enterprise Fund issued revenue bonds with a face value of $10,000,000. The bonds were issued with a 2% premium and the

Mrac [35]

Answer:

The correct answer is $9,850,000

Explanation:

The Enterprise fund which will be reported, total other financing sources of the amount is computed as:

= Face Value - Cost of issuance

where

Face Value is $10,000,000

Cost of issuance is $150,000

Putting the values above:

= $10,000,000 - $150,000

= $9,850,000

Note: Premium will not be considered as it is asked for when the bonds are issued.

5 0

4 years ago

Denise's uncle wants to know how efficiently his firm manages its assets and operations to generate net income. Thus, he has con

Sergeu [11.5K]

Answer:

d. profitability

Explanation:

Profitability ratio tells us about the ability to make income by using assets and operation of the business. It deals with different types of income like Gross income, net income, income before interest and tax. Return on Assets (ROA) is the ration that exact ratio which shows the efficiently his firm manages its assets and operations to generate net income.

5 0

3 years ago

Why does amount of debt or money owed have as much weight as credit history in determining a person’s credit score?

Sati [7]

Your debt to income ratio determines how likely you are able to make your payments. When a high percentage of your available credit is been used, this can indicate that your money is overextended, and you may be more likely to make late and or missed payments.

3 0

3 years ago

Read 2 more answers

On October 15, 2020, the board of directors of Ensor Materials Corporation approved a stock option plan for key executives. On J

Nataly [62]

1. When is Ensor’s stock option measurement date?

Answer: The stock option measurement date is on January 1st, 2021

Explanation:

- The measurement date of the stock option is the day it is granted with information about:

+) number of share each individual staff receives

+) the price of the option

It was indicated in the question: "On January 1, 2021, 26 million stock options were granted"

=> The measurement date is January 1, 2021 with the amount of 26 millions stock options were granted.

2. Determine the compensation expense for the stock option plan in 2021. (Ignore taxes.)

Answer: Compensation expense is $52 million

Explanation:

The fair value per stock option is 6$ per option.

=> Total compensation expense for 26 million options would be: 6 x 26 million = $156 million

As the options are exercisable between 01/01/2024 and 31/12/2016

=> The vesting period is 3 years from 01/01/2021 to 31/12/2023

=> The compensation expense for the stock option plan in 2021 is calculated as following:

Compensation expense year 2021 = Total compensation expense/ Vesting period = 156 million / 3 = $52 million

3. Prepare the journal entries to reflect the effect of forfeiture of the stock options on Ensor’s financial statements for 2022 and 2023.

Answer & Explanation:

2.6 million (10%) of the options were forfeited

=> The remaining percentage represent the unforfeited = 100% - 10% = 90%

In 2022

As 2022 is the second year of the vesting period:

The compensation expense of 2022 = (Total compensation expense * 90% * The order of period/ Number of period) - Compensation expense Year 2021

= $156 million × 90% × 2/3 - $52 million = $41.6 million

2022 Debit Credit

Compensation expense 41.6 million

Paid-in-capital-stock options 41.6 million

In 2023

As 2023 is the third year of the vesting period:

The compensation expense of 2023 = (Total compensation expense * 90% * The order of period/ Number of period) - Compensation expense Year 2021 - Compensation expense of 2022

= $156 million × 90% × 3/3 - $52 million - $41.6 million = $46.8 million

2023 Debit Credit

Compensation expense 46.8 million

Paid-in-capital-stock options 46.8 million

5. Prepare the journal entry to account for the exercise of the options in 2025.

Answer & explanation:

The number of shares exercised = 26 million - 2.6 million = 23.4 million

It is given that the stock options are exercisable between January 1, 2024, and December 31, 2026 at 80% of the quoted market price on January 1, 2021, which was $20.

The exercise price of the stock = $20 × 80% = $16

Cash = Amount paid for shares = Exercise price × Number of options exercise = 16 × 23.4 million = 374.4 million

The paid-in-capital Stock option = 23.4 million x 6 = 140.4 million

Common stock (23.4 million at $1 par per share) = 23.4 million

=> Pain in capital - excess of par = 491.4 million

Journal entry:

General Journal Debit Credit

Cash 374.4 million

Paid-in-capital - Stock option 140.4 million

Common stock 23.4 million

Paid in capital - excess of par 491.4 million

5 0

3 years ago