On january 1, 2021, adams-meneke corporation granted 40 million incentive stock options to division managers, each permitting holders to purchase one share of the company’s $1 par common shares within the next six years, but not before december 31, 2023 (the vesting date). the exercise price is the market price of the shares on the date of grant, currently $34 per share. the fair value of the options, estimated by an appropriate option pricing model, is $6 per option. management’s policy is to estimate forfeitures. no forfeitures are anticipated. ignore taxes. required: 1. determine the total compensation cost pertaining to the options on january 1, 2021. 2. prepare the appropriate journal entry to record compensation expense on december 31, 2021. 3. unexpected turnover during 2022 caused an estimate of the forfeiture of 5% of the stock options. prepare the appropriate journal entry(s) on december 31, 2022 and 2023 in response to the new estimate.

Upscale hotels in the united states recently cut their prices by 20 percent in an effort to bolster dwindling occupancy rates among business travelers. a survey performed by a major research organization indicated that businesses are wary of current economic conditions and are now resorting to electronic media, such as the internet and the telephone, to transact business. assume a company's budget permits it to spend $5,000 per month on either business travel or electronic media to transact business. graphically illustrate how a 20 percent decline in the price of business travel would impact this company's budget set if the price of business travel was initially $1,000 per trip and the price of electronic media was $500 per hour. suppose that, after the price of business travel drops, the company issues a report indicating that its marginal rate of substitution between electronic media and business travel is 1. is the company allocating resources efficiently? explain.

Beswick company your team is allocated a project involving a major client, the beswick company. although the organization has many clients, this client, and project, is the largest source of revenue and affects the work of several other teams in the organization. the project requires continuous involvement with the client, so any problems with the client are immediately felt by others in the organization. jamie, a member of your team, is the only person in the company with whom this client is willing to deal. it can be said that jamie has:

When you hire an independent contractor you don't have to pay the contractors what