Management's discussion and analysis of financial condition and results of operations section of the annual report is the company's attempt to explain its financial statements and discuss its performance
Indicate whether the statement is true or false
TRUE
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Exhibit 15-3 On January 1, 2016, Howard, Inc granted to a key executive a fixed compensatory share option plan for 1,000 shares of $4 par common stock for $30 a share. The fair value per option on that date was $14. The service period extended through December 31, 2017. ? Refer to Exhibit 15-3. What entry, if any, was required on December 31, 2016?
A) no entry was necessary B) Compensation Expense 7,000Paid-in Capital Share Options 7,000 C) Compensation Expense 6,000Paid-in Capital Share Options 6,000 D) Compensation Expense 9,000Deferred Compensation 9,000
For work done during August, Printing Press Company incurred direct materials costs of $151,000 and conversion costs of $250,000 . The company employs a traditional operating philosophy. At the end of August, it was determined that the Work in Process Inventory account had been assigned $1,000 of costs, and the ending balance of the Finished Goods Inventory account was $3,000 . There were no
beginning inventory balances. How much was charged to the Cost of Goods Sold account during August? a. $401,000 b. $400,000 c. $398,000 d. $397,000
Which of the following is NOT considered one of the major communication barriers?
a. noise b. emotions c. personality d. channel selection
Maxim manufactures a hamster food product called Green Health. Maxim currently has 10,000 bags of Green Health on hand. The variable production costs per bag are $1.80 and total fixed costs are $10,000. The hamster food can be sold as it is for $9.00 per bag or be processed further into Premium Green and Green Deluxe at an additional $2,000 cost. The additional processing will yield 10,000 bags of Premium Green and 3,000 bags of Green Deluxe, which can be sold for $8 and $6 per bag, respectively. The net advantage (incremental income) of processing Green Health further into Premium Green and Green Deluxe would be:
A. $8,000. B. $98,000. C. $96,000. D. $6,000. E. $2,000.