Answer:
$63,500
Explanation:
Missing word <em>"Wall Drugs offered an incentive stock option plan to its employees. On January 1, 2021, options were granted for 63,500 $1 par common shares. The exercise price equals the $4 market price of the common stock on the grant date. The options cannot be exercised before January 1, 2024, and expire December 31, 2025. Each option has a fair value of $1 based on an option pricing model"</em>
On January 1, 2021, options were granted for 84,000 $1 par common shares
The exercise price equals the $4 market price of the common stock on the grant date.
Each option has a fair value of $1 based on an option pricing model.
Total compensation cost for this plan = Estimated Fair value per option* Option granted
Total compensation cost for this plan = 63,500 * $1
Total compensation cost for this plan = $63,500
Answer:
(a) 140
(b) $1,400
Explanation:
Price of the trip = $1,800 per person
The boat can accommodate 250 passengers.
Since the price of the ticket is reduced by $10 per person if at least 100 passengers sign up.
P(n) = n{1,800 - (n - 100)10}
= n{1,800 - 10n + 1000
P(n) = 2,800n -
We have to maximize P(n) = 800n -
subject to 0≤ n ≤250
P'(n) = 2,800 - 20n
P"(n) = -20
For critical points, solve the equation P'(n) = 0
2,800 - 20n = 0
n = 140
P"(140) = -20 < 0
n = 140 is a point of maxima.
Thus, the number of passenger is 140.
Revenue = P(140)
= 2,800(140) -
= 392,000 - 196,000
= $196,000
Therefore,
Price paid by each passenger:
= $1,400
Answer: L3Cs explicitly take on a social mission as well as profit-seeking
Explanation:
The options are:
a. L3Cs do not pursue profit, but instead seek social goals.
b. L3Cs cannot accept government funding of any kind.
c. L3Cs explicitly take on a social mission as well as profit-seeking.
d. L3Cs are chartered by the government and all profits are retained by the government.
An L3C is a limited liability company (LLC), which has both attributes of profit and non profit. It is usually set up in such a way that private investiors can be attracted and also provide social objectives.
The owners are not responsible for the debt of the organization and they usually participate in management. Therefore, the answer to the question is that L3Cs explicitly take on a social mission as well as profit-seeking
All of these rely on the the production budget except selling and administrative expenses.
<h3>What is production budget?</h3>
Production budget refers to budget prepared with regard of the manufacturing under taken while producing the goods and services in the organization.
It includes all the expenses incurred in the process of the production such as the direct labor, cost of the raw material, manufacturing overhead.
Selling and administration expenses are not directly related to the production expenses but they help in the activity of the production. They are kind of non- production expenses.
Learn more about Production budget here:
brainly.com/question/17255948
#SPJ1