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3 years ago

Easy career question for you

Business

1 answer:

mixas84 [53]3 years ago

3 0

ANSWER:
I would think B would be your answer, but if we are talking about in 2021 with pandemic, then most likely A.

Hope this helps sorry if it doesn’t

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On January 1, 2021, Cori Ander Herbs granted restricted stock units (RSUs) representing 300,000 of its $1 par common shares to e

Anna [14]

Answer: $1,288,000

Explanation:

The amount should the company record as compensation expense for the year ended December 31, 2022 will be calculated thus

Number of RSUs = 300,000

Market price of shares = $14

Term of RSUs = 3 years

The compensation expense for year 1 which is 2021 will be:

= [(300,000 × $14) × 1 / 3] - $0

= $1,400,000

The compensation expense for year 2 which is 2022 will be:

= [(288,000 × $14) * 2 / 3] - $1,400,000

= $2,688,000 - $1,400,000

= $1,288,000

Therefore, the amount should the company record as compensation expense for the year ended December 31, 2022 will be $1,288,000

Note that the number of RSUs in 2022 was calculated as:

= 300,000 × (100% - 4%)

= 300,000 × 96%

= 288,000

8 0

3 years ago

The cost of manufacturing a specific good in a developing country is less than the cost to manufacture it in the United States.

Lana71 [14]

Answer:

Prices will decrease and the quantity produced will increase.

Explanation:

Because labor costs are lower in developing countries, when these countries produce manufactured goods, they do it at a lower cost, meaning that these goods will also have a lower price for the final consumers. If these cheaper goods are exported to the U.S. market, the U.S. market is flooded with more goods at a lower price, something that may affect some U.S. firms, but that benefits the majority of U.S. consumers.

7 0

3 years ago

Lay Perfect Pillow Company sells specialty pillows and accessories to customers. Its fiscal year ends on December 31. The follow

Novosadov [1.4K]

Answer:

Accrual Basis

Explanation:

The cash accounting basis only treats transactions only as and when cash is paid or received. It ceases to recognize liabilities, debtors, investments etc. Which limits the amount of information available to the users.

With the Accrual Basis, it provides very useful information to the users, such as investments made, the capital position of the entity the risk associated with investing in the entity considering the credit rating of the entity through its Liability to Asset computation. Accrual basis also help the user know the quality of management staff available, since information such as Creditors collection period and Turnover rate. Which can tell how efficient the management is working. In addition the Accrual basis includes the cash basis because of the preparation of the cash flow statement.

5 0

3 years ago

The Village Laundry Company purchased $6,500 worth of laundry supplies on June 2 and recorded the purchase as an asset. On June

sertanlavr [38]

Answer:

The adjusting entry that should be made by the company on June 30 is

Inventories $ 6,500 (debit)

PPE Asset $ 6,500 (credit)

Explanation:

Error Made on June 30 was as follows : Village Laundry Company purchased $6,500 worth of laundry supplies on June 2 and recorded the purchase as an asset.

PPE Asset $6,500 (debit)

Cash $6,500 (credit)

On 30 June the amount of inventory reported is understated by $6500.While the amount of Assets recorded is overstated by $6500

Therefore the adjasting entry for this situation is as follows

Inventories $ 6,500 (debit)

PPE Asset $ 6,500 (credit)

Thus increasing the Inventory balance and decreasing the PPE Asset Balance.

6 0

3 years ago

Read 2 more answers

Tucker Corporation is planning to issue new 20-year bonds. The current plan is to make the bonds non-callable, but this may be c

OverLord2011 [107]

Answer:

The required rate of return will increase.

Explanation:

The callable bonds are issued to insure that if market interest rate falls below the interest paid by bond then bonds can be called off and thereafter issuing another bonds at lower interest rate. Callable bonds are risky compare to non callable bond becasue investor faces problem of re -nvesting money after bonds are called off. Thus Investor expects higher rate to compansate this risk as such by this plan required rate for the bond will increase

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3 years ago