On January 1, 2018, Waddle Company adopted a compensatory stock option plan and granted its managers 10,000 options to buy shares of common stock; each option can be used to acquire a share of common stock at a price of $25 a share. The fair value of each option was $7.50 on January 1, 2018. The options can be converted into common stock after July 1, 2018. The required service period is three years. How much compensation expense will be recorded for the year ending December 31, 2020 using the fair value approach to accounting for stock options?
A. $ 50,000
B. $ 75,000
C. $ 25,000
D. $175,000
Answer: C
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Compose a sample behavioral objective for a persuasive speech on blood donation and explain what you have included and why.
What will be an ideal response?
Power-Plus Battery Company (PPBC) makes batteries for motor vehicles. The Occupational Safety and Health Administration (OSHA) proposes a safety rule governing the handling of acids in the workplace, including chemicals PPBC uses in its operations. PPBC concludes that the rule will involve substantial compliance costs without significantly increasing workplace safety. PPBC sends a letter to OSHA indicating its objections to the proposed rule and enclosing research reports and other data supporting those objections. Does OSHA have any obligation to consider these objections? What procedures must OSHA follow when it makes new rules, such as this one?
What will be an ideal response?
ABC, Inc., is a small clothing manufacturer that produces shirts and pants using two resources: sewing machine hours and cutting machine hours. The production manager can schedule up to 240 hours of sewing machine time and up to 150 hour cutting machine time. Production of one shirt requires 3 hours of sewing time and 1 hour of cutting time. Each pair of pants requires 2 hours of sewing time and 1.5 hours of cutting time. Each shirt yields a profit of $5, and each pair of pants generates a $6 profit. The objective is to maximize profits. Let X1 = Number of shirts to be produced, X2 = Number of pairs of pants to be produced. Determine the value of X1 and X2 (that maximizes profit) using corner point method.
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