All categories

3 years ago

What are the six basic step of the problem solving process?

Business

2 answers:

kotykmax [81]3 years ago

8 0

Answer:

think think think think think answer

hope it helps

svlad2 [7]3 years ago

5 0

Answer:

Step 1: Identify and define the problem.

Step 2: Generate possible solutions.

Step 3: Evaluate alternatives.

Step 4: Decide on a solution.

Step 5: Implement the solution.

Step 6: Evaluate the outcome.

You might be interested in

On October 15, 2020, the board of directors of Ensor Materials Corporation approved a stock option plan for key executives. On J

Nataly [62]

1. When is Ensor’s stock option measurement date?

Answer: The stock option measurement date is on January 1st, 2021

Explanation:

- The measurement date of the stock option is the day it is granted with information about:

+) number of share each individual staff receives

+) the price of the option

It was indicated in the question: "On January 1, 2021, 26 million stock options were granted"

=> The measurement date is January 1, 2021 with the amount of 26 millions stock options were granted.

2. Determine the compensation expense for the stock option plan in 2021. (Ignore taxes.)

Answer: Compensation expense is $52 million

Explanation:

The fair value per stock option is 6$ per option.

=> Total compensation expense for 26 million options would be: 6 x 26 million = $156 million

As the options are exercisable between 01/01/2024 and 31/12/2016

=> The vesting period is 3 years from 01/01/2021 to 31/12/2023

=> The compensation expense for the stock option plan in 2021 is calculated as following:

Compensation expense year 2021 = Total compensation expense/ Vesting period = 156 million / 3 = $52 million

3. Prepare the journal entries to reflect the effect of forfeiture of the stock options on Ensor’s financial statements for 2022 and 2023.

Answer & Explanation:

2.6 million (10%) of the options were forfeited

=> The remaining percentage represent the unforfeited = 100% - 10% = 90%

In 2022

As 2022 is the second year of the vesting period:

The compensation expense of 2022 = (Total compensation expense * 90% * The order of period/ Number of period) - Compensation expense Year 2021

= $156 million × 90% × 2/3 - $52 million = $41.6 million

2022 Debit Credit

Compensation expense 41.6 million

Paid-in-capital-stock options 41.6 million

In 2023

As 2023 is the third year of the vesting period:

The compensation expense of 2023 = (Total compensation expense * 90% * The order of period/ Number of period) - Compensation expense Year 2021 - Compensation expense of 2022

= $156 million × 90% × 3/3 - $52 million - $41.6 million = $46.8 million

2023 Debit Credit

Compensation expense 46.8 million

Paid-in-capital-stock options 46.8 million

5. Prepare the journal entry to account for the exercise of the options in 2025.

Answer & explanation:

The number of shares exercised = 26 million - 2.6 million = 23.4 million

It is given that the stock options are exercisable between January 1, 2024, and December 31, 2026 at 80% of the quoted market price on January 1, 2021, which was $20.

The exercise price of the stock = $20 × 80% = $16

Cash = Amount paid for shares = Exercise price × Number of options exercise = 16 × 23.4 million = 374.4 million

The paid-in-capital Stock option = 23.4 million x 6 = 140.4 million

Common stock (23.4 million at $1 par per share) = 23.4 million

=> Pain in capital - excess of par = 491.4 million

Journal entry:

General Journal Debit Credit

Cash 374.4 million

Paid-in-capital - Stock option 140.4 million

Common stock 23.4 million

Paid in capital - excess of par 491.4 million

5 0

4 years ago

What's the advantages of ms word ?

mash [69]

Answer:

MS WORD IS A MULTI PURPOSE WORD PROCESSOR WHICH HELPS IN CREATING

BROCHURES
LETTERS
GREETING CARDS etc.

<h2>please follow me and mark it brainliest</h2>

6 0

3 years ago

Read 2 more answers

On March 1, 2021, Beldon Corporation purchased land as a factory site for $64,000. An old building on the property was demolishe

Fofino [41]

Answer:

$638,000

Explanation:

The answer is simply the expenditure minus any selling from salvages.

First total Expenses(cost for land + cost for building) are as follow;

Land purchase: 64,000

Demolition: 6,000

Architect’s fees: 16,000

Legal fees for title investigation of land 4,000

Property taxes on land 3,400

Construction costs 540,000

Interest on construction loan 7,000.

.........................................................................

Total expenses = 64,000 +6,000+16,000+ 4,000+3,400+ 540,000 +7,000 = 640,400

Salvage sales = 2,400

Net Capital Cost = Total expenses - Salvage sales = $638,000

7 0

3 years ago

How can communication help to make a business or a company thrive?

White raven [17]

Answer:

Communication is the key to success. Plan, organize and strategically plan to help the business

Explanation:

Communication helps in

1. Increasing brand familiarity

2. Increasing product awareness

3. Product availability

4. Offers

These will help improve business.

4 0

3 years ago

Should employers be allowed to question employees about non-health related issues such as criminal record, marital or family sta

larisa86 [58]

Answer and explanation:

Speaking from the ethical point of view, employers should not request employees' background documentation such as criminal records or information like family or citizenship status because they should trust in workers. However, there are many cases in which individuals are forced to lie because of external problems they are facing such as economic hardship in their families so they cannot afford to lose their jobs for missing paperwork.

To conclude, companies must request employees' background documentation periodically to find out if they are being honest in the information they are providing to the team about themselves.

5 0

4 years ago