An understanding of the accounting for employee stock options (ESOs) requires several definitions. Which of the following is not true?
a. The grant date is the date employees exchange the option and cash for shares of common stock.
b. The vesting date is the first date employees can exercise their stock options.
c. A vesting period that depends only on the passage of time is a service condition
d. A vesting period that depends on achieving a specified level of profitability or meeting some other nonshare-price-based target is a performance condition;
e. A vesting period that depends on the firm's stock price reaching a specified target is a market condition.
A
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One approach for understanding how culture affects negotiation is to approach culture as a learned behavior. What is the focus of the "culture-as-learned-behavior" approach?
What will be an ideal response?
A company enters into a futures contract with the intent of hedging an account payable of DM350,000 due on December 31 . The contract requires that if the U.S. dollar value of DM350,000 is greater than $175,000 on December 31 . the company will be required to pay the difference. Alternatively, if the U.S. dollar value is less than $175,000, the company will receive the difference. Which of the
following statements is correct regarding this contract? a. The Deutsche mark futures contract effectively hedges against the effect of exchange rate changes on the U.S. dollar value of the Deutsche mark payable. b. The futures contract is a contract to buy Deutsche marks at a fixed price. c. The futures contract is a contract to sell Deutsche marks at a fixed price. d. The contract obligates the company to pay if the value of the U.S. dollar increases.
At the breakeven point, contribution margin equals revenue
Indicate whether the statement is true or false
A customer that gives up and leaves the queue is?
a. Reneging b. Balking c. Jockeying d. Neither reneging, balking, nor jockeying