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Stels [109]
3 years ago
13

On January 1, 2019, Crane Company granted Sam Wine, an employee, an option to buy 1,000 shares of Crane Co. stock for $30 per sh

are, the option exercisable for 5 years from date of grant. Using a fair value option pricing model, total compensation expense is determined to be $5880. Wine exercised his option on October 1, 2021 and sold his 1,000 shares on December 1, 2021. Quoted market prices of Crane Co. stock in 2021 were:
July 1 $30 per share
October 1 $36 per share
December 1 $40 per share

The service period is for three years beginning January 1, 2019. As a result of the option granted to Wine, using the fair value method, Ellison should recognize compensation expense on its books in the amount of:_______

a. $1,800.
b. $600.
c. $450.
d. $0.
Business
1 answer:
aleksandr82 [10.1K]3 years ago
8 0

Answer:

b. $600

Explanation:

Calculation for what Ellison should recognize

as compensationn expense on its books

Based on the information given if the total compensation expense was the amount of $1,800 in which The service period is for three years which begins from January 1, 2010 which means that the Compensation for 2010 will be calculated by Using this formula

Compensation for 2010= Total compensation / 3 years

Let plug in the formula

Compensation for 2010 = $1,800 / 3 years

Compensation for 2010 = $600

Therefore Ellison should recognize compensation expense on its books in the amount of $600

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The population of the animals would decrease but more chicken wings and pizza would be everywhere which is great Bc who doesn’t like pizza and chicken wings
4 0
3 years ago
Read 2 more answers
Productivity is a ratio between the inputs and outputs for which a manager is responsible. function of the number of inputs and
timurjin [86]

Answer: Option (a) is correct.

Explanation:

Correct Option: a ratio between the inputs and outputs for which a manager is responsible.

The productivity refers to the value of output that is produce by a factor of production (For example; labor). It is also tell us about the efficiency of a person or any other factor of production for completing a particular work. Productivity grows as the output increases at a faster rate than the inputs.

5 0
3 years ago
For each of the following pairs of firms, indicate which firm would be more likely to engage in advertising. Pairs of Firms More
8090 [49]

Answer:

a family-owned restaurant

a manufacturer of cars

A company that invented a very comfortable razor 

Explanation:

A family owned resturant is an example of a monpolistically competitive firm. A monpolistically competitive firm is characterised by many firms selling differentiated products. Advertising is one of the ways to attract customers to the restaurant.

A family owned farm is an example of a perfectly competitive firm. A perfectly competitive firm is characterised by many firms selling homogenous products. Thus, it won't be so necessary for a farm to advertise since its product is homogenous.

A car manufacturer exists in a monopolistic market. A monpolistically competitive firm is characterised by many firms selling differentiated products. Advertising is one of the ways to attract customers to purchase cars.

Forklifts aren't so differentiated. Therefore, there would be little need to advertise.

A manufacturer of a very comfortable razor should advertise his product to inform and attract customers. The manufacturer of a uncomfortable razor has no need to advertise.

I hope my answer helps you.

5 0
3 years ago
Noric Cruises Inc. began the month of October with the following balances: Common Stock, $150,000; Additional Paid-In Capital, $
Art [367]

Answer:

The statement of stockholders’ equity for the month ended October 31 is $18,450,000.

Explanation:

Noric Cruises Inc.

Statement of stockholders’ equity for the month ended October 31

                                 Common stock    Paid-In Capital    Retained Earnings

Opening balance         $150,000              $3,225,000          $12,400,000

Addition                         800,000                        -                               -

Net income                           -                               -                    $2,350,000

Cash dividends                    -                                -                        (475,000)

Balance at Oct 31        $950,000    $3,225,000    $14,275,000

4 0
3 years ago
SOMEONE PLEASE HELP ME ASAP PLEASEEE !!!!!​
NNADVOKAT [17]

Answer:

i think c

Explanation:

8 0
3 years ago
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