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Bacon Coffee Roasters had the following transactions during 2018: 1. The company gave executives restricted stock units of 1,000 shares of stock when the market
Bacon Coffee Roasters had the following transactions during 2018: 1. The company gave executives restricted stock units of 1,000 shares of stock when the market price was $12 per share. The shares vest after 4 years. 10% of the executives are expected to leave. 2. The company matched 401-K contributions of $190,000 during the year. 3. The company issue 2,000 stock options when the market price of stock was $11. The stock options had a fair value of $3. 50% of the options were expected to be forfeited. The company estimates forfeitures at the grant date. The options was execerciseable beginning January 1, 2020 and remained open until December 31, 2024. 4. Salaries for the year were $650,000. QUESTION: What was the companies total compensation and wage expense for the year *Enter the answer as a proper nubmer (i.e., 1000 = 1,000). Use commas where appropriate. Do not use dollar signs or decimals. Bacon Coffee Roasters had the following transactions during 2018: 1. The company gave executives restricted stock units of 1,000 shares of stock when the market price was $12 per share. The shares vest after 4 years. 10% of the executives are expected to leave. 2. The company matched 401-K contributions of $190,000 during the year. 3. The company issue 2,000 stock options when the market price of stock was $11. The stock options had a fair value of $3. 50% of the options were expected to be forfeited. The company estimates forfeitures at the grant date. The options was execerciseable beginning January 1, 2020 and remained open until December 31, 2024. 4. Salaries for the year were $650,000. QUESTION: What was the companies total compensation and wage expense for the year *Enter the answer as a proper nubmer (i.e., 1000 = 1,000). Use commas where appropriate. Do not use dollar signs or decimals
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