Mansfield Corporation granted 4,200 of its $2 par common shares to executives, subject to forfeiture if employment is terminated within three years. The common shares have a market price of $10 per share on the grant date of the restricted stock award. Ignoring taxes, what is the compensation expense pertaining to the restricted shares in the first full year after the grant?

Answers

Answer 1
Answer:

Answer:

14,000

Explanation:

Given that,

Market value per share = 10

Shares granted = 4,200

Years of grant = 3

Total compensation expense = Market value per share × Shares granted

                                                 = 10 × 4,200

                                                 = 42,000

Compensation expense per year:

= Total compensation expense ÷ Years of grant

= 42,000 ÷ 3

= 14,000

Answer 2
Answer:

Final answer:

The compensation expense pertaining to the restricted shares in the first full year after the grant is $14,000.

Explanation:

The compensation expense pertaining to the restricted shares in the first full year after the grant can be calculated by multiplying the number of shares granted by the fair value of the shares on the grant date. In this case, 4,200 shares were granted and the fair value was $10 per share, so the total value of the shares is $42,000.

Since the shares are subject to forfeiture if employment is terminated within three years, the compensation expense is recognized over a three-year vesting period.

Therefore, the compensation expense pertaining to the restricted shares in the first full year after the grant would be $42,000 divided by three years, which is $14,000.

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Answers

Answer:

high conscientiousness

Explanation:

Conscientiousness talks about a personality traits that shows someone as being diligent, reliable and responsible. It also talks about how someone control their desire to act. It is a trait that can be affected by genetic and environmental factors. Conscientiousness also develops more and more in most people as they grow older.

A conscientiousness person is responsible, an organised person who plan very well ahead of time

Answer:

The correct answer is letter "A": High conscientiousness.

Explanation:

Conscientiousness could be seen as an advantage and disadvantage. While some people consider conscientiousness individuals reliable, responsible, careful, and diligent, some others may see them as perfectionists and even workaholics. Then, while selecting a new Chief Executive Officer, the applicant needs to have high conscientiousness but executives in charge of selecting the best prospective manager -Mary in the example, must make sure that the individual balances that skill.

A learning rate of 0.9 means each __________ of the cumulative output reduces unit costs by __________.

Answers

Answer:

b. 10% doubling

Explanation:

Options are "a. tripling, b. 10% doubling, c. 90% tripling, d. 90% doubling, e. 10%"

In this question, 90%(0.9) learning rate means that (1-0.9)10% unit of input is reduced each time the production is doubled. In a nutshell, the learning curve percentage represents the proportion by which the amount of an input per unit of output is reduced each time production is doubled.

Anson Industries, Inc. reported the following information on its 20Y1 income statement: Sales.......................................... $4,000,000
Cost of goods sold................... 2,300,000
Operating expenses................. 1,000,000
Income tax expense................. 280,000
Other comprehensive income.. 450,000

a. Prepare an income statement, including comprehensive income, for Anson Industries.
b. Prepare an income statement and a separate statement of comprehensive income for Anson Industries.

Answers

Answer:

a.

                               Anson Industries, Inc..

               Income Statement Including Comprehensive Income

                    for the year ended MM DD, 20Y1

                                                               $

Sales                                               4,000,000

- Cost of Goods Sold                     2,300,000

= Gross Income                              1,700,000    

- Operating Expenses                     1,000,000

= Operating Income                          700,000

- Income Tax Expense                      280,000

= Net Income                                     420,000

+ Other Comprehensive Income     450,000

Total Comprehensive Income         870,000

b.

                           Anson Industries, Inc..

        Income Statement for the year ended MM DD, 20Y1

                                                               $

Sales                                               4,000,000

- Cost of Goods Sold                     2,300,000

= Gross Income                              1,700,000    

- Operating Expenses                     1,000,000

= Operating Income                          700,000

- Income Tax Expense                      280,000

= Net Income                                     420,000

                               Anson Industries, Inc..

                Statement of Comprehensive Income

                    for the year ended MM DD, 20Y1

                                                               $

Net Income                                       420,000

+ Other Comprehensive Income     450,000

Total Comprehensive Income         870,000

Suppose that Tucker Industries has annual sales of $6.60 million, cost of goods sold of $2.94 million, average inventories of $1,205,000, and average accounts receivable of $660,000. Assuming that all of Tucker's sales are on credit, what will be the firm's operating cycle? (Round your answer to 2 decimal places.)

Answers

Answer:

186.10 days

Explanation:

The operating cycle = Days inventory outstanding + days sale outstanding

where,

Day inventory outstanding = (Beginning inventory + ending inventory) ÷ cost of goods sold × number of days in a year

= ($1,205,000) ÷ $(2,940,000) × 365 days  

= 149.60 days

Day sale outstanding = (Beginning Accounts receivable + ending Accounts receivable) ÷ Net sales × number of days in a year

= ($660,000) ÷ ($6,600,000) × 365 days

= 36.5 days

Now put these days to the above formula  

So, the days would equal to

= 149,60 days + 36.5 days

= 186.10 days

Sheridan Company's trial balance reflected the following account balances at December 31, 2017: Accounts receivable (net) $37,000
Trading securities 11,500
Accumulated depreciation on equipment and furniture 29,000
Cash 33,000
Inventory 58,500
Equipment 45,000
Patent 9,000
Prepaid expenses 3,700
Land held for future business site 36,500

In Sheridan’s December 31, 2017 balance sheet, the current assets total is:

a. $212500.
b. $234300.
c. $146500.
d. $218300.

Answers

Answer:

$143,700

Explanation:

Current assets in Sheridan Company's trial balance are;

Accounts receivable (net) = $37,000

Trading securities = $11,500

Cash = $33,000

Inventory = $58,500

Prepaid expenses = $3,700

Total current assets = $37,000 + $11,500  + $33,000  + $58,500  + $3,700

                                 = $143,700

The right answer is not given as an option.

Use the following information: Beginning cash balance on March 1, $76,000. Cash receipts from sales, $304,000. Budgeted cash payments for direct materials,$137,000. Budgeted cash payments for direct labor $77,000. Other budgeted cash expenses, $43,000. Cash repayment of bank loan, $10,000. Prepare a cash budget for the month ended on March 31 for Gado Company. The budget should show expected cash receipts and cash disbursements for the month of March and the balance expected on March 31.

Answers

Answer:

Ending Cash balance 113,000

Explanation:

Beginnin                           76,000

Cash receipts                304,000

payment of DM             (137,000)

payment of DL               (77,000)

other cash expenses    (43,000)

loan repayment             (10,000)

Ending Cash balance 113,000