If I were a salesmen, how could I sell 10 boxes of burritos?

The United States economy is considered by the Institute for Management Development to be the most competitive economy because:_

ziro4ka [17]

Answer:

a. of widespread entrepreneurship.

Explanation:

According to the Institute for Management Development, a business education school that is situated in Lausanne, Switzerland. In its annual rankings on the performance of 63 economies across the globe. In 2018 rated the United States of America as the topmost economy in competitiveness. Based on various data gathered and surveyed, the education school cited "widespread entrepreneurship" as the major reason behind it.

8 0

3 years ago

Mary signed up and paid $600 for a 6 month ceramics course on June 1st with Choplet Ceramics. As of August 1st, Choplet’s accoun

inessss [21]

Answer:

$200 of revenue, $400 of deferred revenue

Explanation:

The journal entry to record the entry on August 1 is shown below:

Unearned revenue A/c Dr $200

To Revenue $200

(Being the two-month revenue is recorded)

The computation is shown below:

= Six-month revenue × number of months ÷ total number of months

= $600 × 2 months ÷ 6 months

= $200

The two months is calculated from June 1 to August 1

The remaining balance would be transferred to the deferred revenue account

= $600 - $200

= $400

4 0

3 years ago

on january 1, 2021, adams-meneke corporation granted 15 million incentive stock options to division managers, each permitting ho

Bingel [31]

Compensation expense for the stock option plan in 2021, 2022, 2023 are $210 millions, $96 million, $108 million.

Options granted 120 Millions

Multiply: Estimated fair value per option is $ 3

Total Compensation Expense is $ 360 Millions

Divided by: No. of years in vesting period (2021,2022 & 2023) 3 Years

Compensation expense for the stock option plan in 2021. is $ 120 Millions

Amounts are expressed in millions $.

Date General journal debit Credit

31st Dec, 2021 Compensation expense $ 120

Paid in capital – stock options $ 120

Percentage of option forfeited (100%-10%) = 90%

Cumulative Compensation expense Up to Year 2022 (360*90%*2/3) = $ 216

Less: recognized in earlier year is $ 120

Compensation expense For Year 2022 is $ 96

Cumulative Compensation expense Up to Year 2023 (360*90%*3/3)

= $ 324

Less: recognized in earlier year is $ 216

Compensation expense For Year 2023 is $ 108

Amounts are expressed in millions $.

Date General journal debit Credit

31st Dec, 2023 Compensation expense $ 96

Paid in capital – stock options $ 96

31st Dec, 2023 Compensation expense $ 108

Paid in capital – stock options $ 108

Learn more about Compensation Expense, here

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3 0

1 year ago

Huprey Co. is the defendant in the following legal claims. For each of following claims, does Huprey (a) record a liability, (b)

salantis [7]

Answer:

1. Huprey can resonably estimate that a pending lawsuit will result in damages of $1,280,000, it is probable that Huprey will lose the case.

Record a liability.

2. It is reasonably possible that Huprey will lose a pending lawsuit. The loss cannot be estimable.

Disclose in notes.

3. Huprey is being sued for damages of $2,400,000. It is very unlikely (remote) that Huprey will lose the case.

Have no disclosure.

Explanation:

Contingent liabilities must be recorded only when it is probable that the liability will happen and you can estimate the associated costs.

When contingent liabilities are only reasonably possible or you cannot estimate the amount, they must be included in the footnotes of the financial statements.

When contingent liabilities are not reasonably possible, nothing needs to be disclosed.

7 0

3 years ago

Which one of the following is NOT a real option? The option to buy shares of stock if its price is expected to increase. The opt

puteri [66]

Answer:

The answer is: The option to buy shares of stock if its price is expected to increase.

Explanation:

A "real option" in management is: a choice managers can take concerning business investment opportunities. Real options usually involve tangible assets (machinery, buildings, inventory, land, etc.) but not financial instruments or stocks.

So the buying or selling of stocks aren´t considered real options in business management.

4 0

3 years ago