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QUESTION 25 Hock Inc. provides the following hinancial information for 2013 and 2014: Hock Inc 2018 Sales 32225 8120 COGS Gross Profit 2050 $2,504 The projected Sales for 2015 are $8,932. Determine the variable and fixed cost components of COGS and then project the Gross Profit for 2015 (round Gross Profit to 0 decimal). Projected Gross Profit is: $2,928 $2,754 $2,831 $2,864 Sosa Company in stocks 50 share. The year they decided to repurchase 100,000 shares of their own common stocks (treasury stocks) at $100 per share. is the impact of this transaction on the anal statements a. Total Shareholder's Buty decreases and Total Assets increase b. Total Shareholder's Equity increases and Total Assets decrease c. Total Shareholder's Equity increases and Total Assets increase d. Total Shareholder's Equity decreases and Total Assets decrease e. None of the above QUESTION 27 Myers Inc. decided to grant stock options as part of their managers' compensation. The company grants 15,000 stock options on January 1, 2013 to a manager. The fair value of each option at the grant date is $3 per share and the exercise price is equal to the current market value of $15. The vesting period is 4 years and the expiration date is January 1, 2019. On January 1, 2018, the manager exercises the stock options (the market value is $23). By how much will Total Shareholder's Equity increase as a result of this transaction? a. $270,000 b. $120,000 c. $180,000 d. $300,000 e. $225,000 QUESTION 25 Hock Inc. provides the following hinancial information for 2013 and 2014: Hock Inc 2018 Sales 32225 8120 COGS Gross Profit 2050 $2,504 The projected Sales for 2015 are $8,932. Determine the variable and fixed cost components of COGS and then project the Gross Profit for 2015 (round Gross Profit to 0 decimal). Projected Gross Profit is: $2,928 $2,754 $2,831 $2,864 Sosa Company in stocks 50 share. The year they decided to repurchase 100,000 shares of their own common stocks (treasury stocks) at $100 per share. is the impact of this transaction on the anal statements a. Total Shareholder's Buty decreases and Total Assets increase b. Total Shareholder's Equity increases and Total Assets decrease c. Total Shareholder's Equity increases and Total Assets increase d. Total Shareholder's Equity decreases and Total Assets decrease e. None of the above QUESTION 27 Myers Inc. decided to grant stock options as part of their managers' compensation. The company grants 15,000 stock options on January 1, 2013 to a manager. The fair value of each option at the grant date is $3 per share and the exercise price is equal to the current market value of $15. The vesting period is 4 years and the expiration date is January 1, 2019. On January 1, 2018, the manager exercises the stock options (the market value is $23). By how much will Total Shareholder's Equity increase as a result of this transaction? a. $270,000 b. $120,000 c. $180,000 d. $300,000 e. $225,000
