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IrinaVladis [17]
3 years ago
13

On January 1, 2021, G Corp. granted stock options to key employees for the purchase of 87,000 shares of the company's common sto

ck at $26 per share. The options are intended to compensate employees for the next two years. The options are exercisable within a four-year period beginning January 1, 2023, by the grantees still in the employ of the company. No options were terminated during 2021, but the company does have an experience of 6% forfeitures over the life of the stock options. The market price of the common stock was $32 per share at the date of the grant. G Corp. used the Binomial pricing model and estimated the fair value of each of the options at $8. What amount should G charge to compensation expense for the year ended December 31, 2021
Business
1 answer:
vredina [299]3 years ago
8 0

Answer:

the  compensation expense for the year is $327,120

Explanation:

The computation of the compensation expense for the year is given below:

= (Number of stock options to be purchased × (1 - forefeiture percentage) × fair value per option)) ÷ 2

= (87,000 shares × (1 - 0.06) × $8)) ÷ 2

= $327,120

Hence, the  compensation expense for the year is $327,120

The same should be considered and relevant too

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A U.S. citizen accrued $120,000 of creditable foreign taxes last year. The citizen's foreign tax credit limitation for last year
grandymaker [24]

Answer:

C) USD 8,000

Explanation:

Excess credits can be transferred back one year and can be moved ten years, or a sum of 11 (eleven) years. The credits that are anticipated  to be not used are  USD 16,000 So,

= ((USD 30,000 - (USD 2,000 × 11)).

= USD 8000/-

8 0
3 years ago
The manager of the Quick Stop Corner Convenience Store (which never closes) sells four cases of Stein beer each day. Order costs
horsena [70]

Answer:

At 12 cases the stein beer should reordered by him.

Explanation:

The reorder level is that level in which the company setup a new manufacturing unit so that they can fulfill the needs of the customers and attains the customer satisfaction as much as they can.

For computing the reorder level of the stein beer, the computation is shown below:

Reorder level = Daily unit sales ×elivery lead time

                       = 4 × 3 d

                       = 12 cases

The other cost like ordering cost, carrying cost or holding cost, per unit cost is irrelevant while computing the reorder point. Therefore, it is not considered in computation part.

Thus, the reorder level is 12 cases

Hence, at 12 cases the stein beer should reordered by him.

5 0
3 years ago
During the month of April, direct labor cost totaled $15,000 and direct labor cost was 30% of prime cost. If total manufacturing
Andru [333]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

During April, direct labor cost totaled $15,000 and direct labor cost was 30% of prime cost. If total manufacturing costs during April were $79,000.

Manufacturing cost= direct material + direct labor + manufacturing overhead

Prime cost= direct material + direct labor

50,000= DM + 15,000

Direct material= 35,000

79,000= 35,000 + 15,000 + manufacturing overhead

manufacturing overhead= 29,000

8 0
3 years ago
What are some ways to build relationships within the core team?
Anon25 [30]

Answer:

some of these ways are included in the answers below

Explanation:

To build relationship within the core team:

1. You have to recognize and acknowledge the individual motives and effort of team members

2. You have to make room for open communication in the team

3. You have to develop a way of sharing values in the team

4. Everyone should be carried along when it comes to meaningful project learning

5. At periods of success, you have to celebrate such.

6. Communicate well and properly especially when it come to periods of conflicts.

5 0
3 years ago
Yachts are produced by a perfectly competitive industry in Dystopia. Industry output​ (Q) is currently​ 30,000 yachts per year.
Agata [3.3K]

Answer:

The correct answer is option B.

Explanation:

A perfectly competitive industry is producing 30,000 yachts per year.

The government imposed a tax of $20,000 on each yacht.

The demand for yachts is highly elastic.

This imposition of tax will create a tax wedge in which the tax burden will be shared between buyers and sellers.

The price paid by the buyers will increase. While the price received by sellers will decrease.

This tax wedge causes the quantity demanded and quantity supplied to fall. As a result, the equilibrium quantity in the market declines.

Since the demand is highly elastic an increase in price will cause the quantity demanded to decrease by more than proportionate.

The price of the product will increase by less than $20,000 as the tax burden will be shared.

6 0
3 years ago
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