Answer:
1.) The interest you will pay is 0% 2.) $270.81 or just $271 Rounded to the nearest dollar and 3.) $1,251.93 or just $1,252 Rounded to the nearest dollar.
Explanation:
Answer:
Option D. The court will uphold the original contract and Mountbatten will lose.
Explanation:
The reason is that the service consideration agreed will remain the same because the same level of services is provided from the tax firm. This means that the tax firm has not performed any special or excessive to the agreed level, hence the Sommerset Inc. is not liable to pay more than the agreed. On this basis, court will be uphold the original contract formed between these two parties and as a result Mountbatten will lose.
Answer:
$16 million each year
Explanation:
According to the scenario, computation of the given data are as follow:-
We can calculate the Effect on Earnings in the Year After the Option are Granted by using following formula:-
Award’s Fair Value = Purchase Granted Option × Fair Value Per Option
=$16 million × $3
=$48 million
N Corporation granted executive stock option plan equally over the 3 years (Jan.1,2018 to Dec.31,2020) vesting date, reducing earning is
= Award’s Fair Value ÷ vesting years
= $48 million ÷ 3 years
= $16 million each year