Laurels Co. sponsors a stock option incentive plan to purchase common stock for key employees. The plan allows the purchase of one share of $1 par value common stock at an option price of $30 per share. Using an option-pricing model, at the grant date the fair value of the options granted was $155,000. The options are exercisable starting two years from the date of grant which is the requisite service period. On July 1, Year One, 1,500 options were granted to employees when the market price was $30 per share. Employees exercised 1,000 options, when the market price of the stock was $45 per share on July 1, Year Three. What amount of compensation expense is recognized in Year One, Year Two, and Year Three

Steele bicycle manufacturing company currently produces the handlebars used in manufacturing its bicycles, which are high-quality racing bikes with limited sales. steele produces and sells only 10,000 bikes each year. due to the low volume of activity, steele is unable to obtain the economies of scale that larger producers achieve. for example, steele could buy the handlebars for $31 each: they cost $34 each to make. the following is a detailed breakdown of current production costs: after seeing these figures, steele's president remarked that it would be foolish for the company to continue to produce the handlebars at $34 each when it can buy them for $31 each. calculate the total relevant cost. do you agree with the president's conclusion?

True or false: a smart store layout moves customers in and out as fast as possible. a) true b) false

Catherine de bourgh has one child, anne, who is 18 years old at the end of the year. anne lived at home for seven months during the year before leaving home to attend state university for the rest of the year. during the year, anne earned $6,000 while working part time. catherine provided 80 percent of anne's support and anne provided the rest. which of the following statements regarding whether anne is catherine's qualifying child for the current year is correct? a.anne is a qualifying child of catherine.b.anne is not a qualifying child of catherine because she fails the gross income test.c.anne is not a qualifying child of catherine because she fails the residence test.d.anne is not a qualifying child of catherine because she fails the support test.