On January 1, 2021, David Mest Communications granted restricted stock units (RSUs) representing 30 million of its $1 par common shares to executives, subject to forfeiture if employment is terminated within three years. After the recipients of the RSUs satisfy the vesting requirement, the company will distribute the shares. The common shares had a market price of $15 per share on the grant date. At the date of grant, Mest anticipated that 7% of the recipients would leave the firm prior to vesting. On January 1, 2022, 6% of the RSUs are forfeited due to executive turnover. Mest chooses the option to account for forfeitures when they actually occur.

Answers

Answer 1

Answer:

1. December 31, 2018

Dr Compensation expense $150 million

Cr Paid-in capital - restricted stock $150 million

2. December 31, 2019

Dr Compensation expense $132 million

Cr Paid-in capital - restricted stock $132 million

3. December 31, 2020

Dr Compensation expense $141 million

Cr Paid-in capital-restricted stock $141 million

Explanation:

1. to 3. Preparation of the appropriate journal entry to record compensation expense on December 31, 2018. December 31, 2019. and December 31, 2020

1. Preparation of the appropriate journal entry to record compensation expense on December 31, 2018

First step is to determine the Total compensation expense

Total compensation =$15 per share x 30 million options granted = $450 million total comp.

1.Preparation of the appropriate journal entry to record compensation expense on December 31, 2018

December 31, 2018

Dr Compensation expense $150 million

($450 million/3 years )

Cr Paid-in capital - restricted stock $150 million

(To record compensation expense)

2. Preparation of the appropriate journal entry to record compensation expense on December 31, 2019

December 31, 2019

Dr Compensation expense $132 million

[($450 million*94%*(2/3))-$150 million]

(100%-6%=94%)

Cr Paid-in capital - restricted stock $132 million

(To record compensation expense)

3. Preparation of the appropriate journal entry to record compensation expense on December 31, 2020

December 31, 2020

Dr Compensation expense $141 million

[($450 million*94%)-$150 million -$132 million]

Cr Paid-in capital-restricted stock $141 million

(To record compensation expense)


Related Questions

HELP ITS DUE TODAY!! list things that the government can do to create more employment ​

Answers

Answer:Reduce Interest Rates

Cut Business Payroll Taxes for New Hires

Spend on Unemployment Benefits

Defense Spending and Job Creation  

Explanation:

things that the government can do to create more employment ​

Answer

Reduce Interest Rates Spend on Public Works Spend on Unemployment Benefits Cut Business Payroll Taxes for New Hires Defense Spending and Job Creation When to Use Expansionary Fiscal Policy Job Creation Statistics Presidents Adding Jobs

Help needed ASAP! Will give brainliest;)

No links please:)-will not give brainliest

The system used for monitoring the amount of inventory you have in stock is called....

A). Par level

B). Last in, first out

C). First in, first out

D). Inventory control

Answers

The answer is D. Inventory control

Do they educate people so they just stop speeding themselves? Or do they prevent speeding in certain areas and people speed regardless when they’re not in a speed check zone?

Answers

Answer:

some educate people so they can just stop speeding themselves

bababooey.................................................................

Answers

Answer: Are you bored because i am

.

Answer:

Bababooey

Explanation:

Variable costs change depending on a company's performance.

A) False

B) True

Answers

Answer:

B - True

Explanation:

No matter how much a company sells or does not sell, it has to pay fixed costs. Variable costs change depending on a company's performance.

The answer is , B - true

_____ are best described as costs that occur due to political maneuvering by managers to control capital and resource allocation and the resulting inefficiencies stemming from suboptimal allocation of scarce resources.

Answers

Answer:

The Answer is

Explanation:

INFLUNCE COST

What does the visible property control?

A which fields are displayed for each record
B how an object is affected by resizing the window
C how many objects can be included in a single form
D the number of records that can be displayed on a form

Answers

Answer:

A

Explanation:

EDGE 2021

Sales Tax is the amount added to a purchase that is charged by the government
True
O False

Answers

Answer:

True

Explanation:

If I am wrong, I am sorry!

What is the median of this
data?
3, 4, 7, 6, 1

Answers

the answer is 4 i think

Fabio Corporation is considering eliminating a department that has a contribution margin of $30,000 and $60,000 in fixed costs. Of the fixed costs, $15,000 cannot be avoided. The effect of eliminating this department on Fabio's overall net operating income would be: Group of answer choices a decrease of $15,000. a decrease of $30,000. an increase of $15,000. an increase of $30,000.

Answers

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Listed below are amounts of court income and salaries paid to the town justices. All amounts are in thousands of dollars. Construct a​ scatterplot, find the value of the linear correlation coefficient​ r, and find the​ P-value using alphaequals0.05. Is there sufficient evidence to conclude that there is a linear correlation between court incomes and justice​ salaries? Based on the​ results, does it appear that justices might profit by levying larger​ fines?Court Income: 65.0, 402.0, 1567.0, 1132.0, 273.0, 251.0, 112.0, 156.0, 34.0


Justice Salary: 31, 46, 91, 56, 47, 60, 26, 27, 18


a. What are the null and alternative hypotheses?


b. Construct a scatterplot.


c. The linear correlation coefficient r is: _____.


d. The P value is: _____.

Answers

Answer:

H0 : β = 0

H1 : β = 0

R = 0.8642

P value = 0.002654

Explanation:

Null hypothesis : H0 : β = 0

Alternative hypothesis : H1 : β ≠ 0

The correlation Coefficient, R value as obtained using a correlation Coefficient calculator is 0.8642. This depicts that a strong positive relationship exists between court income and Justice salary.

The Pvalue using the Pvalue calculator (R = 0.8642, N = 9) = 0.002654

The Pvalue < α

0.002654< 0.05 ; Hence, we reject H0.

A sector is a diversified group of companies.
True or False

Answers

Explanation:

A diversified company is a type of company that has multiple unrelated businesses or products. A company may decide to diversify its activities by expanding into markets or products that are related to its current business.

For example, an auto company may diversify by adding a new car model or by expanding into a related market like trucks.

Diversified Industries covers a wide range of sub-sectors including Automotive, Transport & Logistics, Building Materials & Construction, Capital Goods, Business Services, Metals and Oil Field Services. Even the way industrial products are developed, manufactured and commercialized is changing. I would say the answer is True

how could APS score affect learners applications for a bachelor's digree at any Higher Education Institution​

Answers

Answer:

fggcewy hddbsuwdh uhshwybwsuhdbdhhdnubddhfejj

Explanation:

hhhhjjhftyhytt

National Petroleum Refiners Corporation (NPR) has two divisions, L and H. Division L is the company’s low-risk division and would have a weighted average cost of capital of 8% if it was operated as an independent company. Division H is the company’s high-risk division and would have a weighted average cost of capital of 14% if it was operated as an independent company. Because the two divisions are the same size, the company has a composite weighted average cost of capital of 11%. Division L is considering a project with an expected return of 9.5%.Should National Petroleum Refiners Corporation (NPR) accept or reject the project?

Answers

Answer:

The answer is "Accept the project ".

Explanation:

The response to this question is accepted by a project to restore division L to a value of 9.5, whereas division L to a cost of 8%. The benefit will therefore be utilizing information. Its project must therefore be authorized. It is the profit that is higher than that of the division's threat capital cost. While WACC is 11 per fold overall, Section L is a low return division, so any project returns higher than 8% is appropriate.

No matter how much a company sells or does not sell, it has to pay fixed costs.

A) False

B) True

Answers

B)True
Hope it helps u!!!

Answer:

true

Explanation:

edg

Last week, the logistics employees at Run River got together to determine the best way to ship products overseas. Each employee created a separate plan and submitted it to the logistics manager, who decided which plan the company would pursue.


A. Team

B. Group

Answers

Answer:

B. Group

Explanation:

A team could be made of many peoples who work together and considered the work to be collective. on the other side, the group is one where the work product should be considered as an individual. In this each and every employee would submitted their plans also they came up for the solution also in this they shares the same traits.

hence ,the option b is correct

what is line ????????????​

Answers

Answer:

njn

Explanation:

What is innovation? (Media Literacy)

A. A groundbreaking idea, product, or method
B. A technological tool that drives hyperlinks
C. An exciting development in a story's plot
D. A story that nobody has ever heard before

Answers

Answer:

A. A groundbreaking idea, product, or method

Explanation:

Innovation refers to the process that leads to the formation of new ideas that has been been invented before. It refers to the fresh ideas that helps in attracting people inn terms of business. Idea generation helps in new development and thereby helps in the progress. The introduction of the idea from the existing resources helps in the formation of new ideas that take the shape of innovation.

Both individuals and organizations can be consumers.
O True
O False

Answers

Answer:

True

Explanation:

According to the video, what activities are affected by Market Research Analysts? Check all that apply. pricing advertising hiring production placement shipping

Answers

Answer:

Pricing, advertising, production, & placement

Explanation:

Just answered

Answer:

pricing

advertising  

production

placement

Explanation:

I got it right on edge

What percent is the gig economy is expected to grow to by 2020?

A. 25

B. 50

C. 60

D. 75

Answers

Answer: 50

Explanation: good luck

explain economics in your own words​

Answers

Economics is how people interact with value, concerning how wealth is transferred, and how goods are consumed/produced

What is a resume?




((this is just to reach the character requirement))

Answers

Formal document that a job applicant creates

. Based on the video, what happened to "savings" in the United States, and how did consumers contribute to this change? Describe why you agree or disagree.

Answers

The correct answer to this open question is the following.

Unfortunately, you did not include the lecture, so we do not know what was the information included in the lecture. Just you know it.

However, trying to help you we did some deep research to find the video. So if you are talking about John Gerzema's video, then we can comment on the following.

What happened to "savings" in the United States, and how did consumers contribute to this change according to John Gerzema's video "The post-crisis consumer," produced by TED, is that consumer's savings dropped 10% and today the savings level is "cero."

Consumers have money during so many years that they exceed the purchase of the things needed and bought many things that they did not need, just for teh action of continuing to buy things. A hundred percent consumerism!

So after the crisis, consumers understood the way they excessively purchased in the past, and now, most of them do not have savings and are just buying necessary things.

Answer:

Just listen to the person above.

Explanation:

they are correct.

Presented below is information related to Windsor Inc. WINDSOR INC. BALANCE SHEET DECEMBER 31, 2020 Cash $45,100 Notes payable (short-term) $50,300 Receivables $111,000 Accounts payable 31,700 Less: Allowance 14,800 96,200 Accrued liabilities 5,100 Inventory 169,300 Common stock (par $5) 259,100 Prepaid insurance 8,100 Retained earnings 142,900 Land 19,900 Equipment (net) 150,500 $489,100 $489,100 WINDSOR INC. INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue $1,401,400 Cost of goods sold Inventory, Jan. 1, 2020 $201,900 Purchases 797,500 Cost of goods available for sale 999,400 Inventory, Dec. 31, 2020 (169,300 ) Cost of goods sold 830,100 Gross profit on sales 571,300 Operating expenses 171,100 Net income $400,200 Compute the following ratios or relationships of Windsor Inc. Assume that the ending account balances are representative unless the information provided indicates differently. (Round answers to 2 decimal places, e.g. 1.59 or 45.87%.)

Answers

Answer:

A. Current Ratio 3.66 times

B. Inventory turnover 4.47 times

C. Accounts receivable turnover 14.57 times

D. Earnings per share $7.72

E.Profit margin ratio 28.56%

F.Return on assets 81.82%

Explanation:

A. Computation for Current Ratio

Using this formula

Current Ratio=Total Current Assets/Total Current Liabilities

Where,

Total Current Assets

Cash $45,100

Receivables $96,200

Inventory $169,300

Prepaid Insurance $8,100

Total Current Assets $318,700

Total Current Liabilities

Notes payable (short-term) $50,300

Accounts Payable $31,700

Accrued liabilities $5,100

Total Current Liabilities $87,100

Let plug in the formula

Current Ratio=$318,700/$87,100

Current Ratio=3.66 times

Therefore Current Ratio is 3.66 times

B.Calculation to determine Inventory turnover

Using this formula

Inventory turnover=Cost of Goods Sold/Average Inventory

Where,

Cost of Goods Sold $830,100

Average Inventory =[($201,900 + $169,300)/2] Average Inventory= $185,600

Let plug in the formula

Inventory turnover=$830,100/$185,600

Inventory turnover = 4.47 times

Therefore Inventory turnover is 4.47 times

C. Calculation to determine the Accounts receivable turnover

Using this formula

Accounts receivable turnover=Net credit sales .

/Ending Receivables

Let plug in the formula

Accounts receivable turnover=$1,401,400/$96,200

Accounts receivable turnover = 14.57 times

Therefore Accounts receivable turnover =is 14.57 times

D. Calculation to determine Earnings per share:

Using this formula

Earnings per share=Earnings available to the common shareholders/Weighted average number of common shares

Where,

Earnings available to the common shareholders =

Net Income $400,200

Less: Preferred dividends $0

$400,200

Weighted average number of common shares = ($259,100/$5) 51,820

Let plug in the formula

Earnings per share =$400,200/51,820

Earnings per share = $7.72

Therefore Earnings per share is $7.72

E. Calculation to determine Profit margin ratio:

Net Income (a) $400,200

Net credit sales (b) $1,401,400

Profit margin ratio (a/b*100) 28.56%

Therefore Profit margin ratio is 28.56%

F. Calculation to determine Return on assets on December 31, 2020:

Net Income (a) $400,200

Total assets (b) $489,100

Return on assets (a/b*100) 81.82%

Therefore Return on assets is 81.82%

Your friend Marco loves being on his phone and interacting on social media. He knows that you are studying different careers and asks you what kinds of careers he might consider that would allow him to learn more about communications. You know that advances in telecommunication are always being introduced, and in the future more and more people will be needed in the Energy cluster to design, create, advertise, and sell new ways of communicating. List two careers that he could pursue along the telecommunication pathway. What kind of skills or talents would he need in these two careers? How could he gain the talents or skills to succeed in these two careers?

Answers

Answer: The two pathway he can pursue on telecommunication pathway are public relations and social media manager. This is considering the fact that he loves interacting with the world on social media.

Explanation:

The two pathway he can pursue on telecommunication pathway are public relations and social media manager. This is considering the fact that he loves interacting with the world on social media.

The kind of skills he would need in this career are communicating skills and branding or marketing. In communication skill, he would need to know how to interact with various kinds of people on social media and how to present products to them. On branding skills, he would need to know how to build and maintain brands, which are a window to how organizations are seen.

To gain the talent or skills, he would need to enroll in college to study public relations or marketing, then there after take up multiple trianings on relating to them.

In creating a marketing information system management would collect data from internal sources such as

Answers

Answer:

it's sales figures

Explanation:

Hope this helped ;)

1)______elimination risks.
2)the positive factors of planning is called______.
3)planning is what to do it,how to do it,when to do it and _____in the future.
4)planning must start with simple____.
5)in business,time is gold.for this reason an,
6)entrepreneur must be efficient_____.



a.what to expect
b.time management
c.strengths
e.business plan
f.projects
g.micro​

Answers

Answer:

1. E

2. C

3. A

4. F

5. B

Explanation:

Planning can be defined as the process of developing organizational objectives and translating them into action plans or courses of action.

This ultimately implies that, planning is a strategic technique used by organizations to make an aggregate plan for its manufacturing (production) process typically ahead of time, in order to have an idea of the level of goods that are to be produced and what resources are required so as to reduce the total cost of production to its barest minimum.

1. Business plan eliminates risks. This is because it focuses on defining how a business would achieve its goals, objectives, mission and sets the overall direction for the business using specific strategies.

2. The positive factors of planning is called strengths. They give a business competitive advantage over competitors (rivals) in the same industry.

3. Planning is what to do it, how to do it, when to do it and what to expect in the future.

4. Planning must start with simple or micro projects because they generally require simple and less cumbersome management and technologies.

5. In business, time is gold. For this reason, an Entrepreneur must be efficient in time management i.e being able to control and manage time at all times.

Which is an economic system?
a.
monarchy
c.
dictatorship
b.
democracy
d.
market

Answers

Answer:

market!!!

Explanation:

Market is an economic system. A market economy is an economic system in which supply and demand determine how goods and services are produced.

What is economic system?

An economic system is a method for communities or governments to organize and distribute resources, services, and goods throughout a region or country. As a result, a social system is a form of economic system.

Thus, Option, D market is correct.

For further details about  economic system, click here:

https://brainly.com/question/316198

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When writing a business plan, it
is important to think about the competition. Think of a
product or service you use often. What are the advantages it
has over competing products?

Answers

Depends on the product you are intending on introducing to the public

Say you are developing a phone, what features does it have over Apple? Let’s say Apple released a new feature, the greatest touch screen by average standards, so how can you top that? You can’t cause it’s the “greatest” by average standards
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