Sampress Company fixed compensatory share option plan
Not what you're looking for?
On Januray 1, 2010, Sampress Company adopts a compensatory share optiom plan for its 50 excutives The plan allows each executive to purchase 200 shares of its $2 par common stock for $39 per share after completing a three-year service period. Sampress estimates the value of each option to be $14 on the grant date. It has had a 4% employee turnover rate each year and uses this rate in its compensation cost calculations in 2010. Because of the higher turnover, at the end of 2011 Sampress changes is estimated turnover rate to 5% per year for the entire service period. At the end of 2012, Sampress determined that the actual turnover was 7 executives for the entire service period. On January 6, 2013, 8 executives exercised their options.
1. Prepare a schedule of the Sampress Company's compensation computations for its compensatory share option plan for 2010-2012 (round all computations to the nearest dollar.
2. Prepare the journal entires of Sampress Company for 2010- 2013 in regard to this plan.
The templates are attached
Purchase this Solution
Solution Summary
The solution prepares schedule, journal entries for Sampress Company fixed compensatory share option plan.
Purchase this Solution
Free BrainMass Quizzes
MS Word 2010-Tricky Features
These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.
Balance Sheet
The Fundamental Classified Balance Sheet. What to know to make it easy.
Understanding Management
This quiz will help you understand the dimensions of employee diversity as well as how to manage a culturally diverse workforce.
Marketing Research and Forecasting
The following quiz will assess your ability to identify steps in the marketing research process. Understanding this information will provide fundamental knowledge related to marketing research.
Writing Business Plans
This quiz will test your understanding of how to write good business plans, the usual components of a good plan, purposes, terms, and writing style tips.