On January 1, 2020, Holiday Inc. offered a stock option incentive plan to a top executive. The plan provided the executive 300 stock options for Holiday Inc. $1 par value, common stock at an option price of $15 per share through the expiration date of January 1, 2026. The fair value of the options based upon an option-pricing model on January 1, 2020, is $12,000. The market price at year-end of Holiday Inc. stock is $15 per share on January 1, 2020, and $18 on December 31, 2020. The requisite service period is 3 years. The options were not exercised. Which of the following are true regarding the entry on January 1, 2026?
A.
No journal entry required
B.
Paid-in Capital—Stock Options would be credited for $9000
C.
Paid-in Capital—Stock Options would be credited for $12,000
D.
Paid-in Capital—Stock Expired would be credited for $12,000

Answers

Answer 1

Answer: The answer is Option D, paid-in Capital—Stock Expired would be credited for $12,000.

Explanation: Option D is Right, i.e. Stock option expired would be credited for $12,000. Whenever a share option is expired then it is requiring to make a journal entry to relabel the equity as expired stock options for the balance sheet purposes. This helps managers and investors understand that they won’t be issuing stock to the employee at a discounted price in the future. For this purpose, it is requiring to make entry that debit the stock option equity account and credit the expired stock option equity account.


Related Questions

Consider a favorite product or service of yours. What is it you value, and what matters most? Can you develop clear requirements from this? And Categorize your requirements revealed through the value you perceive into ‘Basic Quality’, ‘Spoken Performance’, and ‘Excitement Quality’ features, 2-2) And Taking your example from questions 1 put yourself in the place of the supplier; how might you access customer requirements such as the ones you noted?

Answers

Based on the information given, a favorite product of mine will be a mobile phone and it provides me with several values.

The values that can be gotten from the mobile phones will be:

I can make calls and send text messages.I can manage professional meetings and emails.I can make purchases on online stores. I can capture photos and videos.

Also, the most important feature of the mobile phone that I like is the camera and its connectivity.

Lastly, the requirements that I like in a phone include camera features, clarity of calls and ease of access.

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Which of the following marketing messages are consumers most likely to trust?
A. A TV commercial
B. An article about the company in a city newspaper
C. An Internet advertisement
D. A phone conversation with an employee of the company
Please select the best answer from the choices provided
Ο Α
B
ОООО
OD

Answers

Answer:

as a consumer myself, I would most likely trust an article about the company in the city newspaper or a conversation with an employee

Explanation:

What are the major causes of the contemporary plight of ldcs in international trade

Answers

The reasons for high export instability in LDCs than DCs are: Specialization in production and exports of primary products, Commodity Concentration and geographical concentration of export markets (Hock, 2007).

Work hours are unlimited for which of these as it pertains to child labor laws?
O A. Ages 12-16
O B. Ages 16-17
O C. Ages under 14
O D. Ages 14-15

Answers

Answer: D

Explanation: Im not sure if im correct but i believe its D

The difference between the lower class limits of adjacent classes provides?

Answers

Answer:

C

Explanation:

Niccolo is invited to help a program where, even though not mandated by the external environment, management requires teams to make big, up-front, and detailed scope commitments for every release. What three things can Niccolo do to best coach the decision-makers

Answers

The three things Niccolo can do to better train decision makers are Illustrate the power of feedback in content decision making, as well as emphasize the value of “Responding to Agile Manifesto changes.

Another thing Niccolo can do is explain the benefits of releasing at the end of the program increment.

Therefore, through these actions, Niccolo will help to incorporate an organizational attitude focused on compliance, process transparency and adaptation to the rapid environmental changes that impact the progress of a project.

Feedback generates greater decentralization of decision making, empowers and integrates the team, while the concepts of the agile manifesto make decision making more creative, faster and more focused on results.

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Help help help please I need this done ASAP

Answers

It should be noted that cost-push inflation will bring about a scenario where the output level will reduce.

Your information is incomplete. Therefore, an overview of the topic will be given. Cost-push inflation simply means an inflation that occurs when the prices of goods increase as a result of the increase in the factors of production.

It should be noted that cost-push inflation will bring about a scenario where the output level will reduce. This implies that inflation accelerates due to a widening negative output gap.

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Help help help help help help

Answers

Answer:

37%

Explanation:

I did the division 290/780*100. Mark brainliest if this answer helped you

Compare and contrast the strategic planning process in public and non-profit organisations.

Answers

A public organization is one which focus on services to the public including public authority, state agency etc

A non-profit organization is one which focuses on a social cause (like religion, research, education) and not driven by profit.

In comparison, both the public and non-profit organisations uses the strategic plan to establish goals as well as to review operations.

In contrast, the strategic planning in public and non-profit organisations is different because public organization is guided by government directives whereas the non-profit organization is guided by their mission and purpose.

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A key tool used for problem statement maturing (usually in conjunction with the customer is)

Answers

A design thinking is the key tool used for problem statement maturing, usually in conjunction with the customer.

Design thinking refers to a process which aims to solving problems by prioritizing the consumer's needs above all else.

The main benefit of the process is that its helps firm to identify, understand and address the need or problems of the businesses and their customer.

In conclusion, the design thinking is the key tool used for problem statement maturing, usually in conjunction with the customer.

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What is Revenue?
What is Expense?

Answers

Answer: Revenue is the total amount of income generated by the sale of goods or services related to the company's primary operations and Expenses are the costs required for something; the money spent on something.

Kline Construction is an all-equity firm that has projected perpetual earnings before interest and taxes of $628,000. The current cost of equity is 17.6 percent and the tax rate is 35 percent. The company is in the process of issuing $4.3 million of 8.3 percent annual coupon bonds at par. What is the levered value of the firm?

Answers

Based on the information given the levered value of the firm is $3,824,318.

First step is to calculate the Unlevered firm value

Unlevered firm value = EBIT(1 - Tax) / Cost of equity

Unlevered firm value= $628,000 x (1-.35)/.176

Unlevered firm value= $628,000 x (1-.35)/.176

Unlevered firm value = $628.000×.65/.176

Unlevered firm value = $2,319,318

Second step is to calculate Levered firm value

Levered firm value = Unlevered firm value + (Tax rate× Debt))

Levered firm value= $2,319,318 + (.35 x $4,300,000)

Levered firm value= $2,319,318 +$1,505,000

Levered firm value = $3,824,318

Inconclusion the levered value of the firm is $3,824,318.

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cost of good s sold RS 80700 opening stock RS 5800 closing stock RS 6000.what is the amount of purchase ?​

Answers

Answer:80900

Explanation:

Inventory at the beginning of the period = COGS + Inventory at the end of the period-Purchase

5800=80700+6000-P

Given the following information for Blue Bell Company for last year: Net sales (all on account) $5,200,000 Cost of goods sold 2,080,000 Interest expense 240,000 Income tax expense 280,000 Net income 420,000 Income tax rate 40% Total assets: January 1 $1,800,000 December 31 2,400,000 Shareholders' equity (all common): January 1 1,500,000 December 31 1,600,000 Current assets, December 31 700,000 Quick assets, December 31 400,000 Current liabilities, December 31 300,000 Net accounts receivable: January 1 200,000 December 31 180,000 Inventory: January 1 210,000 December 31 250,000
Refer to table: Blue Bell's current ratio at December 31 was:____.
a. 2.33 times
b. 3.67 times
c. 0.43 times
d. 1.33 times

Answers

Based on the information given Blue Bell's current ratio at December 31 was:

a. 2.33 times.

Using this formula

Current ratio=Total current assets/ Total current liabilities

Where:

Total current assets=$700,000

Total current liabilities=$300,000

Let plug in the formula

Current ratio=$700,000/$300,000

Current ratio=2.33 times

Inconclusion Blue Bell's current ratio at December 31 was:

a. 2.33 times.

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Allen and Charlotte married in 2020. They filed a joint return for the year, but the IRS offset their refund because Allen owes past-due child support for his two children from a previous marriage. Charlotte is not legally responsible for the children's support, and she would like to receive her portion of their tax refund. As the couple's tax preparer, what advice would you offer?

Answers

There are different factors to consider for a tax refund. The advice I would offer Charlotte is that she should request relief as an injured spouse.

Injured spouse relief is known to be commonly filed with the married filing joint return. This claim is serve so as to help an individual get back your part of a tax refund from a joint tax return.

It often stands where the IRS has gotten hold of the refund to offset a debt owed by your spouse but not by you.

For an individual to be able to qualify for an injured spouse claim, one must meet criteria such as:

The individual is not required to pay the past-due amount The person must have reported income on the joint tax return One has made and reported payments on the joint return

See full question below

Allen and Charlotte married in 2020. They filed a joint return for the year, but the IRS offset their refund because Allen owes past-due child support for his two children from a previous marriage. Charlotte is not legally responsible for the children's support, and she would like to receive her portion of their tax refund. As the couple's tax preparer, what advice would you offer?

Allen should request a certificate of non-attachment.

Allen and Charlotte should submit a joint offer-in-compromise.

Charlotte should request relief as an injured spouse.

Charlotte should request relief as an innocent spouse.

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15) Hallowell Inc. has free cash flow of $2.5 million and 1.25 million shares outstanding. If you believe the price to cash flow ratio for this company should be 11, what is the highest price you should pay for the stock?

Answers

Answer:

The highest price for the stock is  $22.00

Explanation:

Hallowell Inc has a free cash flow of $2.5 million and 1.25 million shares.

The cash flow ratio for the company is 11.

Solution:

For one stock the cash flow ratio is 11.

Then the highest price we should pay is $22.00.

So we should pay $22.00 for one stock.

Therefore the highest price we should pay for the stock is $22.00          

Ann got a 30 year Fully Amortizing FRM for $1,000,000 at an annual interest rate of 7% compounded monthly, with monthly payments. After 5 years of payments, Ann can refinance the balance into a 25 year Fully Amortizing FRM at an annual interest rate of 6% compounded monthly, with monthly payments. Refinancing will cost Ann 1 point and $1, 500 in closing costs.If Ann refinances into this loan and makes payments for 25 years, what will be her annualized IRR from refinancing?

Answers

Based on the information given what will be her annualized IRR from refinancing is 64.799%.

First step is to calculate the PMT

PMT=PV× rate/[1-(1+rate)^time

PMT=$1,000,000×0.07/12÷[1-(1+0.07/12)^30×12

PMT=$1,000,000×0.07/12÷[1-(1+0.07/12)^360

PMT=$1,000,000×0.005833333÷[1-(1+0.005833333)^360

PMT=$5,833.333÷[1-(1.005833333)^360

PMT=$6,653.02

Second step is to calculate the present value (PV) after 5 years

PV=PMT×[1-(1+rate)^time/rate

PV=$6,653.02×1-(1+0.07/12)^25×12÷0.07/12

PV=$6,653.02×1-(1+0.07/12)^300÷0.07/12

PV=$6,653.02×1-(1+0.005833333)^300÷0.005833333

PV=$6,653.02×1-(1.005833333)^300÷0.005833333

PV=$941,315.20

Third step is to compute PMT for refinancing  when rate is 6%

PMT=PV× rate/[1-(+rate)^time

PMT=$941,315.20×0.06/12÷[1-(1+0.06/12)^360

PMT=$941,315.20×0.005÷[1-(1+0.005)^360

PMT=$4,706.576÷[1-(1.005)^360

PMT=$6,063.72

Third step is to calculate the monthly savings

Monthly savings=$6,653.02-$6,063.72

Monthly savings=$589.30

Fourth step is to calculate the Cost of refinancing

Cost of refinancing=1%×$941,315.20+$1,500

Cost of refinancing=$9,413.152+$1,500

Cost of refinancing=$10,913.152

Fifth step is to calculate the IRR

PMT savings=Cost of refinancing ×IRR÷[1-(1+IRR)^time

$589.30=$10,913.152×IRR÷[1(1+IRR)^300

Monthly IRR=5.3999%

Annualized IRR=5.3999%×12 months

Annualized IRR=64.799%

Inconclusion what will be her annualized IRR from refinancing is 64.799%.

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Holly's salary is $80,000 per year. She contributes 10% of her salary to her 401(k) plan. Her employer contributes 5% of her salary to a profit share plan. She also contributes $2,500 per year to an IRA. Holly's savings ratio is

Answers

Based on the amount that Holly contributes per year, her savings ratio can be said to be 18.1%.

Savings RatioPercentage of annual salary that is contributed to retirement funds. Includes savings made by employer.

Holly's savings are:

= (10% + 5%) of salary + Contribution to IRA

= (15% X 80,000) + 2,500

= $14,500

Savings ratio is:

= Savings / Annual salary

= 14,500 / 80,000

= 18.1%

In conclusion, savings ratio is 18.1%.

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xyz company's cost function for the next four months is c=500000+5q then
a) find the be dollar volume of sales if the selling price is br. 6/unit
b) what would be the company's cost if it decides to shutdown operations for the next four months

Answers

Answer:

Enter the following transactions into richard’s checkbook register and state his ending balance: date type description amount 03/01 check #204 blue sky apartments $455. 00 03/05 dep payroll automatic deposit $390. 36 03/08 debit benny’s hamburgers and fries $9. 20 03/15 check #205 car payment $251. 59 03/19 dep payroll automatic deposit $390. 36 a. $715. 79 b. $1,009. 81 c. $780. 72 d. $880. 24.

Determining how much money to keep in cash and how much to invest in other options is called O A. mutual funding O B. capital formation C. asset allocation O D. diversification​

Answers

Answer: in my opinion its C

Which is not a consideration when allocating assets and diversifying? A. Real estate holdings B. Avoiding similar investments C. Rate of return D. Portfolio size​

Answers

When one is considering the allocation of their assets as well as how to diversify them, they don't consider A. Real estate holdings.

Diversification involves:

Investing in non-similar assets. Investing in a wide array of different assets to reduce risk.

When thinking about diversifying your assets, one doe not have to think about the number of real estate holdings they already hold as there are other assets to invest in.

In conclusion, option A is correct.

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Answer:D

Explanation:

Just took the test

A characteristic of a process cost accounting system is: Group of answer choices It is used by a company manufacturing custom machinery. None of these is correct. Work in process inventory is restated in terms of equivalent production. Costs are accumulated by order.

Answers

There are different aspect of process cost accounting. A characteristic of a process cost accounting system is Costs are accumulated by order.

Process costing is known to be a common accounting methodology. It helps one to evaluate or finds out and accumulates direct costs, and gives indirect costs of a manufacturing process.

This system is commonly used to give the cost to departments or processes particularly. It consist of all the allocation of direct material, labor, and other overheads.

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a. Jamie purchases a washer and dryer from McKinney Appliances. She applies for the instore credit card. The application contains a clause stating that the store will retain a security interest in the goods purchased with the card until the goods have been paid in full. Discuss if this is an enforceable security interest. b. In this scenario, Jamie purchases the washer and dryer from McKinney Appliances and she signs a purchase agreement to pay $1,000 down and $100 per month until the balance, plus interest is fully paid. Is this an enforceable security interest

Answers

a. The contract that Jamie entered into for the purchase a washer and dryer based on an in-store credit card with McKinney Appliances constitutes an enforceable security interest.

The enforceability of the contract stems from the fact that Jamie freely agreed to use the store's credit and the agreement was not a fraud.  With this security interest, McKinney Appliances officially establishes its security interest in the washer and dryer.  It can exercise the claim in the appliance when Jamie fails to honor the agreement.

b. Yes. It is an enforceable contract.  This contract involves the sale of goods with a down payment and credit.

Thus, McKinney Appliances can legally force Jamie to pay on his account, failing which, McKinney Appliances may recover Washer and Dryer.

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Option A is an enforceable security interest while option B is not.

The security interest must be linked to a real sale. This means that it can only be established if it is linked to a sale that brings new values ​​into the buyer's assets.

A security intererest agreement must be entered into in connection with the sale. This means that it must be entered into before the item for sale is handed over to the buyer.

Loans can only be given for what is covered by the sale: This means that you can not get a car loan for additional equipment / upgrades that are bought afterwards and / or by someone other than the seller.

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William buys land for $40,000 cash. Ten years later, when the land has dropped in value to $30,000, William sells it to his wife Susan at its fair market value, $30,000. What are the income tax consequences to William of the sale to his wife

Answers

The income tax consequences to William on the sale is that he realizes loss in the amount of $10,000 but does not recognize that loss.

Realized loss = Purchase cost - Sales cost

Realized loss = $40,000 - $30,000

Realized loss = $10,000

Hence, the income tax consequences to William on the sale is that he realizes loss in the amount of $10,000 but does not recognize that loss.

Therefore, the Option A is correct.

Missing options includes "William realizes and recognizes loss in the amount of $10,000.  William realizes and recognizes zero gain or loss. William realizes loss in the amount of $10,000 but does not recognize that loss. None of the above."

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A professional mentor should be used for guidance on which of the following?

the development of a mentee’s resume
improving of a mentee’s presentation skills
the hair color of the mentee for a date
which car would be best to rent for a weekend ski tri

Answers

Answer:

Answer:

1. The development of a mentee's resume

2. Improving of a mentee's presentation skills

Explanation:

A professional mentor can be involved in the services like developing a mentee's resume; and improving his presentation skills.

What are the roles of a professional mentor?

A professional mentor is someone who offers his services to a mentee by training in the skills that would help him in achieving his organizational and career goals.

In the above example, a professional mentor has to work on development of his mentee's resume to help him attract more employers at an attractive pay.

Hence, options A and B as aforementioned are the areas of work in which in the guidance of a professional mentor is required.

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#SPJ2

ou are considering implementing a lockbox system for your firm. The system is expected to reduce the collection time by 3 days. On an average day, your firm receives 1,370 checks with an average value of $880 each. The daily interest rate on Treasury bills is 0.01 percent. The bank charge per check would be $.25. What is the net present value of this lockbox arrangement

Answers

The net present value of this lockbox arrangement is $1,205,378.06.

Since you are considering implementing a lockbox system for your firm, and on an average day, your firm receives 1,370 checks with an average value of $ 880 each, and the daily interest rate on Treasury bills is 0.01 percent, and the bank charge per check would be $ 0.25, to determine what is the net present value of this lockbox arrangement, the following calculation must be performed:

((1370 x 880) x 1.0001) - (1370 x 0.25) = X 1,205,720.56 - 342.5 = X 1,205,378.06 = X

Therefore, the net present value of this lockbox arrangement is $1,205,378.06.

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Howarth Manufacturing Company purchased equipment on June 30, 2017, at a cost of $800,000. The residual value of the equipment was estimated to be $50,000 at the end of a five year life. The equipment was sold on March 31, 2021, for $170,000. Howarth uses the straight- line depreciation method for all of its plant and equipment. Partial-year depreciation is calculated based on the number of months the asset is in service
Required:
1. Prepare the journal entry to record the sale.
2. Assuming that Howarth had instead used the double-declining balance method, prepare the journal entry to record the sale.

Answers

The journal entry that can be used to record the sale will be:

March 31, 2021.

Debit Cash $170000

Debit Accumulated Depreciation $562500

Debit Less on sales $67500

Credit Equipment $800000

When Howarth used the double-declining balance method, the journal entry to record the sale will be:

Debit Cash $170000

Debit Accumulated Depreciation $675584

Credit Gain on sales $45584

Credit Equipment $800000

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2
3
4
5
6
7
8
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In choosing a career, your personal resources are defined as
the amount of money you require to accept the job when first hire
b. who you are and what you have to offer an employer
your career decisions and goals
d. whether or not you have transportation to and from work
Please select the best answer from the choices provided

Answers

i would think the answer is option b

Do anybody know how to do the mega mogul project on knowledge matters ? Make over 30 million dollars pls help

Answers

Based on the business management analysis, to do the mega mogul project on knowledge matters requires following specific steps, which begin with "detecting the opportunity."

What is the Mega Mogul Project?

Mega Mogul Project is a business project whereby individual starts with one location and continue to grow and expand their entrepreneurial conglomerate to numerous businesses and several locations.

Some other steps to take when conducting a mega mogul project on knowledge matters are:Market ResearchCreating a Business PlanRaising Money & FinancialsBuilding a TeamAcquiring ResourcesGoing to Market Operations & FeedbackShark ProjectBusiness Plan ProjectMega-Mogul Project.

Hence, in this case, it is concluded that various steps are involved when carrying out a mega mogul project on knowledge matters.

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Harris Teeter is advertising a sale on hamburger buns. What is the impact on the demand for hamburgers

Answers

The impact on the demand for hamburgers when Harris Teeter advertised a sale on Hamburger buns is an increase in the demand for hamburgers.

A sale is an activity where goods are sold at discounted prices. When a sale is advertised, people are most likely going to seize the opportunity to purchase goods at discounted amounts.

There will thus be an increase in the demand for goods.

So, the impact on the demand for hamburgers when Harris Teeter advertises a sale is an increase.

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