Identifying and Analyzing Financial Statement Effects of Share-Based Compensation
Weaver Industries implements a new share-based compensation plan in 2014. Under the plan, the company's CEO and CFO each will receive non-qualified stock options to purchase 100,000, no par shares. The options vest ratably (1/3 of the options each year) over three years, expire in 10 years, and have an exercise (strike) price of $27 per share. Weaver uses the Black-Scholes model to estimate a fair-value per option of $18.  

(a) Use the financial statement effects template to record the compensation expense related to these options for each year 2014 through 2016.

Use negative signs with answers, when appropriate.

(b) In 2017, the company's stock price is $24. If you were the Weaver Industries CEO, would you exercise your options? Explain.

Because the stock price is per share, the Weaver CEO should exercise the options because she can immediately sell them for that amount.

Because the stock price is per share, the Weaver CEO can immediately recognize a gain of $3 per share by exercising the options.

Because the stock price is per share, no gain or loss would be recognized if the Weaver CEO exercises her options and immediately sold her shares.

Because the stock price is per share, the options are under-water (out of the money) and the Weaver CEO should not exercise the options.

(c) In 2019, the company's stock price is $46 and the CEO exercises all of her options. Use the financial statement effects template to record the exercise.

In the past, 60 % of all undergraduate students enrolled at state university earned their degrees within four years of matriculation. a random sample of 95 students from the class that matriculated in the fall of 2012 was recently selected to test whether there has been a change in the proportion of students who graduate within four years. Administrators found that 40 of these 95 students graduated in the spring of 2016 (i,e. , four academic years after matriculation) .

a . given the sample outcome , calculate a 95 % confidence interval for the relevant population proportion . does this interval estimate suggest that there has been a change in the proportion of students who graduate within four years? why or why not ? Please do in excel

b. suppose now that state university administrators want to test the claim made by faculty that the proportion of students who graduate within four years at state university has fallen below the historical value of 60\% this year. use this sample proportion to test their claim . report a p -value and interpret it . Please do in excel

Johan Yee has been a sales representative at a medium-sized textbook publishing house for five years. He has just been promoted by the sales director of his company to sales manager of a new territory. As sales manager, he is tasked with hiring and training three new sales representatives for his team.

a. Write a suitable job description and personnel specification for sales representatives.

b. Johan crafts a descriptive ad and receives hundreds of resumes in response.

He reads through them and chooses the 20 best candidates. To further screen candidates, he invites those 20 to take a test that profiles their skills. Which techniques can Johan use to interview with the candidates? Explain each. This Lesson: Sales Management.

If appropriate, include personal experience in your response.

Think of a time where you had sales goals at a job. If you had not worked at a job with sales goals, then use the internet to find one or interview a friend who had one. Answer the following questions and explain your answers:

What was the job and position?

Give an overview of the sales goals and time period to meet them.

Were you and other employees able to meet these goals?

Were the goals too tight or too loose?

Did the sales goals motivate employees or no?

Were there instances of unethical activities caused by the sales goals?

Do you believe having sales goals for employees benefited the company? Is there something they could have done better?

You are working with a MOE of +/-4% and a confidence level of 95%. P and Q =.50, and your CPI is $25.00. The company you work for needs to make a decision as to whether they may need different advertising for men and women. So, your supervisor wants to know if men and women differ in their response to the company’s advertising. You are in charge of designing and running this research study.

Given the parameters, what will be your sample size for this study. Now, if you want to assume a MOE of at least +/-4% for men and for women, how many men and women will you want to interview? What will this particular study cost? Now, suppose you have a budget of $60,000. Can you do this study with this budget? Please explain your answers.

Please follow these instructions to complete this assignment:

1. For this assignment, you are to develop 10 questions that you would ask a management official responsible for the financial planning for the organization you have chosen to research for the week 3 paper.

2. Make sure the questions will give you insight into what the company looks for when preparing their yearly budget, fiscal planning strategies, as well as how they monitor their financial condition throughout the year and make adjustments as needed.

3. By Sunday of this week, you should submit a draft of your Interview Guide for instructor feedback.

4. For this activity include the following:

• A list of all 10 questions you would ask the financial manager of the chosen organization.

Miss Socks & Mr. Fore the owners of Jazz Dance Studio have prepared the unadjusted trial balance for Jazz Dance Studio Limited. They know that before they can prepare their financial statements that adjusting journal entries must be prepared but do not know how to make the adjustments. Knowing that you are taking an accounting course they have come to you for assistance. Miss Socks has provided you with the unadjusted trial balance and has gathered the following information for you:

- depreciation has been calculated for the year but hasn't been recorded Equipment

- $2,500 Furniture

- $600

- on August 1 the company paid $4,500 for the rent for August, September & October

- $625 of interestexpense has been incurred but not paid - the balance of office supplies on August 31, 2020 is $1,900.

-Jazz Dance Studio operates 7 days a week and pays it's employees on Saturday for the week then ended. As August 31 falls on a Friday the company owes its employees for 6 days. The total salary for the week ending September 1, 2020 is $5,250

- On August 1 the company received $1,200 from students for dance fees for August, September & October.

Jazz Dance Studio Limited Unadjusted Trial Balance

August 31, 2020

Debit Credit

Cash 75,700

Accounts receivable 1,850

Prepaid rent 4,500

Office supplies 3,600

Equipment 12,500

Accumulated depreciation - equipment 5,000

Furniture 3,600

Accumulated depreciation - furniture 1,800

Accounts payable 4,950

Salary payable -

Interest payable -

Unearned revenue 1,200

Note payable 25,000

Share capital 10,000

Retained earnings 18,600

Revenue 195,000

Advertising expense    9,750

Bank charges expense 1,080

Depreciation expense -

Interest expense -

Office supplies expense 4,900

Repairs expense 6,270

Rent expense 16,500

Salary expense 121,300

261,550 261,550

A lawsuit has been filed against XYZ Company. As year-end, the company’s attorney believes that there is an 85% likelihood that the company will be found liable. The attorney believes that the estimated range of the liability is between $50,000 and $150,000 and that all amounts within the range are equally likely. In addition, the company has announced a restructuring plan prior to year-end that has created a valid expectation on the part of the employees to be terminated with an estimated liability of $500,000. As of year-end, there is currently no legal obligation to make any payments to the terminated employees. Lastly, the Company issued stock options with a fair value of $200,000 on January 1st with a 2 year vesting schedule.   

1. What would be the amount, if any, that XYZ would record on the balance sheet related to the lawsuit under IFRS and US GAAP?
2. What would be the amount, if any, that XYZ would record on the balance sheet related to the restructuring under IFRS and US GAAP?