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valina [46]
3 years ago
12

On January 1, 2021, David Mest Communications granted restricted stock units (RSUs) representing 30 million of its $1 par common

shares to executives, subject to forfeiture if employment is terminated within three years. After the recipients of the RSUs satisfy the vesting requirement, the company will distribute the shares. The common shares had a market price of $15 per share on the grant date. At the date of grant, Mest anticipated that 7% of the recipients would leave the firm prior to vesting. On January 1, 2022, 6% of the RSUs are forfeited due to executive turnover. Mest chooses the option to account for forfeitures when they actually occur.
Business
1 answer:
erastova [34]3 years ago
8 0

Answer:

1. December 31, 2018

Dr Compensation expense $150 million

Cr Paid-in capital - restricted stock $150 million

2. December 31, 2019

Dr Compensation expense $132 million

Cr Paid-in capital - restricted stock $132 million

3. December 31, 2020

Dr Compensation expense $141 million

Cr Paid-in capital-restricted stock $141 million

Explanation:

1. to 3. Preparation of the appropriate journal entry to record compensation expense on December 31, 2018. December 31, 2019. and December 31, 2020

1. Preparation of the appropriate journal entry to record compensation expense on December 31, 2018

First step is to determine the Total compensation expense

Total compensation =$15 per share x 30 million options granted = $450 million total comp.

1.Preparation of the appropriate journal entry to record compensation expense on December 31, 2018

December 31, 2018

Dr Compensation expense $150 million

($450 million/3 years )

Cr Paid-in capital - restricted stock $150 million

(To record compensation expense)

2. Preparation of the appropriate journal entry to record compensation expense on December 31, 2019

December 31, 2019

Dr Compensation expense $132 million

[($450 million*94%*(2/3))-$150 million]

(100%-6%=94%)

Cr Paid-in capital - restricted stock $132 million

(To record compensation expense)

3. Preparation of the appropriate journal entry to record compensation expense on December 31, 2020

December 31, 2020

Dr Compensation expense $141 million

[($450 million*94%)-$150 million -$132 million]

Cr Paid-in capital-restricted stock $141 million

(To record compensation expense)

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Regardless of the type of insurance you purchase, the purpose of the coverage is having a policy in case an unexpected unfortunate event takes place. <em>Insurances do not enroll individuals who need the policy just because of an ongoing accident</em>. Those individuals could enroll in an insurance plan but the ongoing accident will not be covered by the company. Only those events happening when the policy is already valid are subject to evaluation for coverage.

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Suppose there is a policy debate regarding the United States’ imposing trade restrictions on imported tires.
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Answer:

A. National-security argument

Explanation:

The National-security argument is also known as the National-defense argument. The argument proposes the imposition of high tariffs on locally manufactured goods so that the country would not be dependent on other countries for those goods in the event of war. For example, if a country is dependent on other counties for the production of food, then it would be in great danger in the advent of war. Tires that are also used to prepare weapons should be sourced within a country so that in the advent of war, the country would not be dependent on others.

This is the argument employed by the congresswoman who sought the imposition of a tariff on tires so that the United States would not be dependent on other foreign countries during a war.

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How are hourly wages and salary different? Select the best answer from the choices provided. A. Salary is less money than hourly
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D is the answer to this question. Hope this helps.

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Using the percentage-of-receivables method for recording bad debt expense, estimated uncollectible accounts are $45,000. If the
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Answer:

$39,000

Explanation:

Estimated uncollectible account is $45,000

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= $45,000-$6,000

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3 years ago
Santana sells a product for $115 per unit. The variable cost is $75 per unit, while fixed costs are $65,000. Determine (a) the b
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The break even point when sales is $115 per unit is 1,625units and 1,300 units when sale price increases to $125

<h3 />

<h3>Finding Break even Point.</h3>

  • Break-even point in sales units:

     = Fixed costs ÷ (Selling price per unit - Variable cost per unit)

     = $65,000 ÷ ($115  -$75 )

      =  1625units

  • Break-even point in sales units when selling price becomes $125

         = Fixed costs ÷ (Selling price per unit - Variable cost per unit)

         = $65,000 ÷ ( $125 -$75 )

          =  1300units

Learn more on Break even points calculations:brainly.com/question/14161654

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