On November 1, 2017, Tamarisk Company adopted a stock-option
plan that granted options to key executives to purchase 24,900
shares of the company’s $9 par value common stock. The options were
granted on January 2, 2018, and were exercisable 2 years after the
date of grant if the grantee was still an employee of the company.
The options expired 6 years from date of grant. The option price
was set at $30, and the fair value option-pricing model determines
the total compensation expense to be $373,500.
All of the options were exercised during the year 2020: 16,600 on
January 3 when the market price was $66, and 8,300 on May 1 when
the market price was $77 a share.
Prepare journal entries relating to the stock option plan for the
years 2018, 2019, and 2020. Assume that the employee performs
services equally in 2018 and 2019. (Credit account
titles are automatically indented when amount is entered. Do not
indent manually. If no entry is required, select "No Entry" for the
account titles and enter 0 for the amounts. Round intermediate
calculations to 5 decimal places, e.g. 1.24687 and final answers to
0 decimal places, e.g. 5,125.)
|
Date |
Account Titles and Explanation |
Debit |
Credit |
|---|---|---|---|
|
May 1, 2020 |
|||
In: Accounting
The novel corona virus disease (also known as COVID – 19) which started in WUHAN in December 2019 has grounded the global economy to a halt. World crude prices reached their lowest and trade among nations have generally slowed. Production has slowed and jobs are being lost across the globe. Globally, over seven million people have contracted the virus and over four hundred thousand have died. Ghana announced its first two confirmed cases of COVID – 19 on 12 March, 2020 and as at June 14, 2020, the number of confirmed cases stood at 11,964 with 54 deaths. The impact of the COVID – 19 pandemic on Ghanaian economy and the global economy at large is predicted to be very severe. The government of Ghana, like many other governments, is spending more funds on containing the pandemic and limiting the effect of the pandemic on the economy. The IMF Executive Board approved the disbursement of US$1 billion drawn under the Rapid Credit Facility (RCF) for Ghana on April 13, 2020 after receiving application from the country’s government. Given this background, briefly discuss the repercussions of the corona virus pandemic for the Ghanaian economy and foreign exchange market. Suggest ways of mitigating the effects of covid – 19 on Ghana’s balance of payments (BOP)
In: Economics
In: Economics
python.Write a python program that prompts the user to enter the year and first day of the year, and displays the first day of each month in the year. For example, if the user entered the year 2020 and 3 for Wednesday, January 1, 2020, your program should display the following output:
January 1, 2020 is Wednesday
February 1, 2020 is Saturday ……
December 1, 2020 is Tuesday
In: Computer Science
The Schumpterian hypothesis suggests there may be a direct relationship between firm size or seller concentration and the output of process and product innovation. With regard to this, if comparatively high levels of seller concentration are associated with greater technical or dynamic efficiency, what are some factors which might account for it?
Does the hypothesis imply that there may be a policy conflict between the pursuit of dynamic efficiency and the pursuit of other objectives like pareto/allocative efficiency?
In: Economics
A balanced scorecard addresses four perspectives. Identify the question most likely related to each perspective.
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In: Accounting
Give an example of a firm or industry that has exhibited dramatic technological progress in the recent past. Was this technological progress an example of neutral technical change or was it a capital saving or labor saving technical change?
How would you describe the change brought about by retail sales over the Internet? Think about Amazon as an example. Is this a case of process or organizational innovation? Explain your reasoning please list a source
In: Economics
Q: What keeps you up at night?
A:
Q: Describe a difficult ethical dilemma you have encountered.
A:
Q: How do you incentivize innovation and learning?
A:
Q: What traits do you look for in people at various stages of their careers?
A:
Q: Tell me about an accomplishment that shaped your career.
A:
Q: What do you hope to accomplish within the next year?
A:
In: Operations Management
Identify and discuss the most important changes in the class structure of British society, and in the relationship between social classes, during the period covered by the course. Show how these social changes—for example, the emergence of new classes, the decline of older ones--were related to the profound changes in the British economy during this period, paying particular attention to such factors as agricultural improvement, industrialization, population growth, technological innovation and urbanization.
In: Psychology
List a product that matches each of the 4 quadrants along with a short description of why the product fits that approach.
MARKET
Existing New
|
Market Penetration Focusing on your product and market by niching |
Market Development Leveraging your product knowledge to reach new markets |
|
Product Development Leveraging your market knowledge to develop new products |
Innovation Diversifying by offering new products in new markets |
In: Operations Management