Answer:
The compensation expense for December 31, 2021 is $393,600
Explanation:
The compensation expense for December 2021 year ended can be determined using the below formula:
compensation expense=number of share options*fair value*(100%-% of forfeiture)/ number of years of compensation
number of share options is 82000 shares
fair value of the option according to binomial pricing model is $10
% of forfeiture is 4%(from past experience)
the compensation is for a period of two years
compensation expense=82000*$10*(100%-4%)/2
=$820,000*96%/2
=$787200
/2
=$393,600
The appropriate entries would be to debit compensation expense in 2021 with $393,600 while crediting paid-in capital-share options account
Answer: U.S. banks that cannot borrow elsewhere
Explanation:
Lender of last resort is.a situation that occurs when the central bank in a country gives loans to the commercial banks in the country when they are going through financial difficulties.
In this scenario, The Federal Reserve S role as a lender of last resort involves lending to U.S. banks that cannot borrow elsewhere.
Answer: fast responses at a lower cost.
Explanation:
Online survey would be a very desirable survey to use because of it's low cost of preparation(saves the cost of printing) and quick response from the target audience. An online survey is a method of gathering information from a wide variety of people on a subject matter over the internet, by administering questionnaire's to them.
Answer:
b. countries can become better off by specializing in what they do best.
Explanation:
Comparative advantage in economics is the ability of an individual or country to produce a specific good or service at a lower opportunity cost better than another individual or country.
The comparative advantage gives a country a stronger sales margin than their competitors as they are able to sell their specific products or render their peculiar services at a lower opportunity cost.
In 1817, David Ricardo who is an english political economist talked about the law of comparative advantage in his book “On the Principles of Political Economy and Taxation."
Also, the principle of comparative advantage asserts that countries can become better off by specializing in what they do best.
This simply means that, any country applying the principle of comparative advantage, would enjoy an increase in output and consequently, a boost in their Gross Domestic Products (GDP).