Answer:
1)Copy a database object and paste it into a new program
3) Save a single database object in a new file type, such as .csv
Explanation:
On January 1, 2017, Chamberlain Corporation pays $503,200 for a 60 percent ownership in Neville. Annual excess fair-value amortization of $19,800 results from the acquisition. On December 31, 2018, Neville reports revenues of $460,000 and expenses of $328,000 and Chamberlain reports revenues of $784,000 and expenses of $440,000. The parent figures contain no income from the subsidiary. What is consolidated net income attributable to Chamberlain Corporation
Answer:
Explanation:
Calculation to determine consolidated net income attributable to Chamberlain Corporation
Using this formula
Consolidated net income attributable to Chamberlain Corporation=[(Neville Revenues-Neville Expenses)+(Chamberlain Revenues-Chamberlain Expenses)- Annual excess fair-value amortization]-[(Neville Revenues-Neville Expenses)-Annual excess fair-value amortization*percentage of ownership in Neville.
Let plug in the formula
Consolidated net income attributable to Chamberlain Corporation=[($460,000-$328,000)+($784,000-$440,000)-$19,800]-[($460,000-$328,000)-$19,800*40%]
Consolidated net income attributable to Chamberlain Corporation=($132,000+$344,000-$19,800)-($132,000-$7,920)
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River bought a new washing machine that came with a warranty. How will this warranty be MOST helpful for River?
A.
It will take a percentage off the next purchase.
B.
It will be used to get a tax deduction on yearly taxes.
C.
It will allow free repairs to the machine if needed.
D.
It will guarantee a large tax refund next year.
Answer:
The answer is C and I am sure about that, so choose C
On January 1 of this year, Conrad Nelson contributed $15,000 cash in exchange for 50 shares of stock in Sterling Inc., an S corporation. Sterling employs Conrad as its director of marketing. Conrad's current year salary was $70,000 and his pro rata share of Sterling's ordinary business income was $16,800. During the year, Conrad received a $9,000 cash distribution with respect to his Sterling stock. Compute Conrad's basis in his Sterling stock at year end. Multiple Choice $15,000 $22,800 $31,800 $92,800
Answer:
b. $22,800
Explanation:
Particulars Amount
Contribution $15,000
Ordinary business income share $16,800
Cash Distribution $(9,000)
Conrad’s basis in his Sterling stock on January 1, 2013 $22,800
Conrad's basis in his Sterling stock at year end is $22,800.
Using this formula
Conrad’s basis in his Sterling stock =Contribution + Conrad’s basis in his Sterling stock - Cash distribution
Let plug in the formula
Conrad’s basis in his Sterling stock =$15,000+$16,800-$9,000
Conrad’s basis in his Sterling stock = $22,800
Inconclusion Conrad's basis in his Sterling stock at year end is $22,800.
Learn more about stock basis here:
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As the manager in an insurance company, Emanuel is responsible for reviewing the following two plans that he will offer to the public:
1. Low-deductible, high-premium health insurance plan
2. High-deductible, low-premium health insurance plan
Required:
Which plan would someone choose if he or she were concerned that doctors may order too many tests
Answer:
1. Low-deductible, high-premium health insurance plan
Explanation:
The premium paid for a health insurance plan is the amount of money an individual, a family, or a company must pay for a health insurance policy.
The deductible paid on a health insurance plan is the amount paid for medical expenses as an upfront payment before the insurance company pays for the remaining medical expense.
A high-deductible health plan saves more money in the form of lower monthly premiums it gives, and it is cheaper provided the individual or group choosing this service is not someone that have medical ailments that require frequent hospital visits, and doesn't have costly medical bills.
Low deductibles have higher premiums and are best when an individual predicts seeing the doctor often or he/she is not healthy.
Two products, QI and VH, emerge from a joint process. Product QI has been allocated $20,300 of the total joint costs of $41,000. A total of 2,700 units of product QI are produced from the joint process. Product QI can be sold at the split-off point for $12 per unit, or it can be processed further for an additional total cost of $10,700 and then sold for $14 per unit. If product QI is processed further and sold, what would be the financial advantage (disadvantage) for the company compared with sale in its unprocessed form directly after the split-off point
Answer:
($5,300)
Explanation:
Calculation to determine what would be the financial advantage (disadvantage) for the company compared with sale in its unprocessed form directly after the split-off point
QI and VH
Sales value after further processing $37,800
($14 × 2,700)
Less Costs of further processing ($10,700)
Benefit of further processing $27,100
($37,800- $10,700)
Less: Sales value at split-off point ($32,400)
($12 × 2,700)
Net advantage (disadvantage) ($5,300)
($27,100+$32,400)
Therefore If product QI is processed further and sold, what would be the financial advantage (disadvantage) for the company compared with sale in its unprocessed form directly after the split-off point is $(5,300)
The current pandemic revealed gaps in Occupational health and wellness programs. Researchers found that a healthy workforce is a productive workforce. There are a number of workplace stressors that lead to employee stress and strain; therefore, it is important that organizations take steps to ensure work life balance and mitigate strain.
Choose an company or an organization, and explain in detail 3-4 measures they are taking to 1) ensure employees maintain work-life balance and 2) minimize work stress.
The correct answer to this open question is the following.
The company I choose is Marsh, an insurance company with branches worldwide.
The measures this company is taking to minimize work stress and ensure employees maintain work-life balance are the following.
1.- The company works by establishing goals. So employees know what they have to do. They can do it in one day or three. The point is that they have a date to have the work finished. So the employee is able to manage its time according to its projects and goals. The company is not strict to force employees to work determined hours a day, as long as employees always finish their projects on time and with results expected. This allows employees to properly manage their time.
2.- The company invites employees to register in fitness centers or recreational clubs so they can attend yoga, aerobics, or dance classes. Of course, the company pays for this. The goal is to have healthier employees that invest time in their health and recreation.
3.- The company authorizes remote work or work from home if that is appropriate for most of the areas of the company. The only requirement is that employees maintain productivity, efficiency, and accomplish the company's goals. This allows employees to be close to their families during difficult times.
A schedule of machinery owned by Waterway Industries is presented below:
Total Cost Estimated Salvage Value Estimated Life in Years
Machine X $593000 $40000 14
Machine Y 816000 82000 10
Machine Z 301000 61000 6
Waterway computes depreciation by the composite method. The composite rate of depreciation (in percent) for these assets is :_________
a. 8.44.
b. 8.94.
c. 13.74.
d. 10.17.
Answer:
b. 8.94%
Explanation:
Cost Salvage Depreciable cost Life Depreciation
Machine X 593,000 40,000 553,000 14 39,500
Machine Y 816,000 82,000 734,000 10 73,400
Machine Z 301,000 61,000 240,000 6 40,000
1,710,000 1,527,000 152,900
Composite Rate = Total Depreciation/Total Cost
Composite Rate = 152,900 / 1,710,000
Composite Rate = 0.089415205
Composite Rate = 8.94%
The Haskins Company manufactures and sells radios. Each radio sells for $23.75 and the variable cost per unit is $16.25. Haskin's total fixed costs are $25,000, and budgeted sales are 8,000 units. What is the contribution margin per unit?
a) $7.50
b) $16.25
c) $23.75
d) $60,000
e) $1.25
Answer:
a) $7.50
Explanation:
The computation of the contribution margin per unit is shown below
The contribution margin per unit is
= Selling price per unit - variable cost per unit
= $23.75 per unit - $16.25 per unit
= $7.50 per unit
By substracting the variable cost per unit from the selling price per unit we can get the contribution margin per unit
Hence, the option a is correct
For which of the following errors would the appropriate amount be subtracted from the balance per books on a bank reconciliation? Check written for $53, but recorded by the company as $35. Deposit of $200 recorded by the bank as $20. Check written for $58, but recorded by the company as $85. A returned $600 check recorded by the bank as $60.
Answer:
Check written for $53, but recorded by the company as $35.
Explanation:
In this, the check is written for $53 which means that the bank would debited the books by $53 but the books of the company represent only $35 in the credit sid. So here the company should have to deduct the additional amount i.e. $18 for making the amount same in both the books
Therefore the above statement represent the answer
Norio Manufacturing uses powdered plastics (PPS) to manufacture a high-pressure board used in a digital equipment product, Flex 10. Information concerning its operation in June is as follows: Budgeted units of Flex 10 for June 5,900 Budgeted usage of PPS 53,100pounds Actual number of units of Flex 10 manufactured 4,900 PPS purchased 57,720pounds PPS used 48,000pounds Total actual cost of PPS used$266,880 Direct materials usage variance$28,860unfavorable Assume that Norio recognizes the material purchase-price variance at the point of purchase. The direct materials purchase-price variance (rounded to the nearest dollar) is:
Answer: $106,205
Explanation:
Direct materials purchase-price variance = PPS pounds purchased * (Standard cost per pound - Actual cost per pound)
Standard cost per pound = Direct materials usage variance / [PPS used - (Actual number of units of Flex produced * (Budgeted usage of PPS / Budgeted units for Flex 10))]
= 28,860/ [48,000 - (4,900 * (53,100 / 5,900))]
= $7.40
Actual cost per pound:
= Total actual cost of PPS used / PPS Used
= 266,880 / 48,000
= $5.56
Direct materials purchase-price variance = 57,720 * (7.40 - 5.56)
= $106,205
January 1, 2021, Woody Forrest Corporation granted executive stock options to purchase 30,000 of its common shares at $7 each. The market price of common stock was $13 per share on December 31, 2021, and averaged $15 per share during the year then ended. There was no change in the 153,000 shares of outstanding common stock during the year. Net income for the year was $28,000. The number of shares to be used in computing diluted earnings per share for the quarter is: Multiple Choice 153,000 169,000 181,000 197,000
Answer:
169,000
Explanation:
Calculation to determine what The number of shares to be used in computing diluted earnings per share for the quarter is:
First step is to calculate the amount assumed to be exercised
Exercised amount= 30,000*$7 / $15avg
Exercised amount= 14,000
Second step is to calculate the Net
Net=30,000-14,000
Net= 16,000
Now let calculate The number of shares to be used in computing diluted earnings per share
Using this formula
Number of shares=Outstanding+Net
Let plug in the formula
Number of shares=153,000 +16,000
Number of shares= 169,000
*diluted eps=$28,000 /169,000
Therefore The number of shares to be used in computing diluted earnings per share for the quarter is: 169,000
A portfolio manager in Absurdistan is using the Sharpe ratio to compare two Absurdistani assets and based on the result preferred one of them. Assuming the expected risk and expected return for both assets do not change, does the Sharpe Ratio envision any future circumstance when the portfolio manager might change her mind, or will one asset always be preferred?
Asset x: Return 6%, Risk 3%
A. Asset Y: Return 10%, Risk 11%
B. Asset Y will always be preferred. Asset X will always be preferred.
C. Sometimes Asset X will be preferred and sometimes Asset Y will be preferred
Answer:
Asset X will always be preferred.
Explanation:
Sharpe Ratio of Asset = [Expected return of asset - Risk free rate] / Standard deviation of asset
For Asset X, the expected return of Asset X = 6% and Risk or Standard deviation of Asset X = 3%. Let assume that the Risk free rate = 2% (To derive our purpose).
Sharpe Ratio of Asset X = (6% - 2%)/3%
Sharpe Ratio of Asset X = 4%/3%
Sharpe Ratio of Asset X = 1.33
For Asset Y, the expected return of Asset X = 10% and Risk or Standard deviation of Asset X = 11%. Let assume that the Risk free rate = 2% (To derive our purpose).
Sharpe Ratio of Asset Y = (10% - 2%)/11%
Sharpe Ratio of Asset Y = 8%/11%
Sharpe Ratio of Asset Y = 0.727
Observation: Despite that the risk free rate is constant for both assets, Sharpe ratio is higher for Asset A, therefore, Asset A will always be preferred.
The following items are reported on a company's balance sheet: Cash $210,000 Marketable securities 120,000 Accounts receivable (net) 110,000 Inventory 160,000 Accounts payable 200,000 Determine (a) the current ratio and (b) the quick ratio. Round your answers to one decimal place. a. Current ratio fill in the blank 1 b. Quick ratio fill in the blank 2
Answer:
See below
Explanation:
1. Current ration
= Current asset/Current liabilities
Current assets = Cash + Marketable securities + Accounts receivables + Inventory
= $210,000 + $120,000 + $110,000 + $160,000
= $600,000
Current liabilities = Accounts payable = $200,000
Current ratio = $600,000/$200,000
Current ratio = 3:1
2. Quick ratio
= Current assets - Inventory / Current liabilities
= ($600,000 - $160,000) / $200,000
= 2.2 : 1
An engineer is trying to decide which process to use to reduce sludge volume prior to disposal. Belt filter presses (BFP) will cost $203,000 to buy and $85,000 per year to operate. Belts will be replaced one time per year at a cost of $5500. Centrifuges (Cent) will cost $396,000 to buy and $119,000 per year to operate, but because the centrifuge will produce a thicker "cake", the sludge hauling cost to the monofill will be $37,000 per year less than for the belt presses. The useful lives are 5 and 10 years for alternatives BFP and Cent, respectively, and the salvage values are assumed to be 10% of the first cost of each process whenever they are closed down or replaced. Use PW evaluation to select the more economical process at an interest rate of 6% per year over (a) the LCM of lives, and (b) a study period of 8 years. Are the decisions the same?
In the Month of March, Digby received orders of 159 units at a price of $15.00 for their product Drat, and in April receives an order for 40 units of their product Drat at $15.00. Digby uses the accrual method of accounting and offers 30 day credit terms. Digby delivers 0 units in March, 159 units in April and 40 units in May. They received payment for 159 units in April, and payment for 40 units in May. How much revenue is recognized on the March income statement from this order
Answer: 0
Explanation:
Accrual accounting method simply means when revenue or expenses are written down and recorded at the time that the transaction took place and not when payment was gotten.
The revenue that is recognized on the March income statement will be 0. This is because the delivery was in April and none took place in March.
The high premiums paid to LBO target shareholders reflect the tax benefits associated with the high leverage of such transactions and the improved operating efficiency
a. True
b. False
Answer:
false
Explanation:
Leveraged buyout is when a distressed company is acquired using a high level of debt. the high premiums paid is as a result of the high riskiness associated with leveraged buyouts.
Some of the reasons for conducting a leveraged buyout includes :
to turn a public company privateto conduct a change of ownership to spin off a portion of the companyAn airline has a marginal cost per passenger of $20 on a route from Detroit to New Orleans. At the same time, the typical fare charged is $400. The planes that fly the route are usually full, yet the airline claims it loses money on the route. This loss may occur because Choose one: A. economic profits are less than accounting profits. B. total costs are higher than the sum of fixed costs and variable costs.
Answer:
A
Explanation:
Accounting profit= total revenue - explicit cost
Total revenue =price x quantity sold
Explicit cost includes the amount expended in running the business.
They include rent , salary and cost of raw materials
Economic profit = accounting profit - implicit cost
Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives
Which of the following statements is the most accurate.
a. The direct write-off method is the accepted method because it is easier for companies.
b. The allowance method is the accepted method because it is easier for companies.
c. The direct write-off method is the accepted method because it follows the expense recognition (matching) principle.
d. The allowance method is the accepted method because it follows the expense recognition (matching) principle.
Answer:
The most accurate statement is:
d. The allowance method is the accepted method because it follows the expense recognition (matching) principle.
Explanation:
The difference between the direct write-off method and the allowance method is that with the direct write-off method, the bad debt expense is created once an invoice cannot be paid by the customer. On the other hand, the allowance method estimates the future bad debt and makes provision for it immediately a credit sale is finalized. The direct write-off method is favored by the IRS, while GAAP approves the allowance method.
In 2021, it was discovered that a company had debited expense for the full cost of an asset purchased on January 1, 2018. The cost was $42 million with no expected residual value. Its useful life was 7 years and straight-line depreciation is used by the company. The correcting entry assuming the error was discovered in 2021 before the adjusting and closing entries includes:
Answer and Explanation:
The journal entry is shown below:
Asset $42 million
To Accumulated Depreciation $18 million ($42 ÷ 7 years × 3 years)
To Retained earning $24 million ($42 ÷ 7 years × 4 years)
(Being the correct entry is recorded)
The asset is debited as it increased the asset and accumulated depreciation & retained earning is credited as it decreased the assets but increased the stockholder equity
In the Shaping Department of Sheridan Company the unit materials cost is $6.00 and the unit conversion cost is $3.00. The department transferred out 41000 units and had 5400 units in ending work in process 25% complete. If all materials are added at the beginning of the process, the total cost to be assigned to the ending work in process is
Answer:
$36,450
Explanation:
Calculating cost assigned to ending work in process:
Particulars Amount
Material (5,400 units*$6) $32,400
Conversion cost (5,400*25%*$3) $4,050
Total cost of ending work in process $36,450
What are the common barriers to communication?
The first year of operations for a company was Year 1. The net income for Year 1 was $20,200 and dividends of $12,100 were paid. In Year 2, the company reported net income of $34,200 and paid dividends of $5,100. At the end of Year 1, the company had total assets of $152,000. At the end of Year 2, the company had total assets of $ $242,000. What is the amount of retained earnings at the end of Year 2
Answer:
$37,200
Explanation:
The amount of retained earnings is calculated by using the formula below;
Amount of retained earnings = Net income - Dividends paid
In year 1, the amount of retained earnings
= $20,200 - $12,100
= $8,100
In year 2, the amount of retained earnings
= $34,200 - $5,100
= $29,100
Therefore, the amount of retained earnings at the end of year 2
= Amount of retained earnings for year 1 + Amount of retained earnings for year 2
= $8,100 + $29,100
= $37,200
7. A monopolist has cost function = + 2 and the regulator is willing to allow the firm to use a two-part tariff per consumer = + to cover total costs. Total demand is = 102 − and there are 100 identical consumers. Up to how much is willing to pay each indidual consumer to have the right to consume the good at marginal cost? What is the optimal tariff or tariff that would maximize social welfare (fixed part and marginal price) ?
Answer: hello your question is poorly written below is the complete
A monopolist has cost function C = F + 2Q and the regulator is willing to allow the firm to use a two-part tariff per consumer equal to T = A + pq to cover total costs. Total demand is Q = 102 − p and there are 100 identical consumers. What is the optimal tariff or tariff that would maximize social welfare (fixed part and marginal price)?
answer : Fixed part = $5000 per customer = $500,000
marginal price = $2
Explanation:
Marginal cost of monopolist = dc / dq = 2
Q = quantity of the concerned good/service.
p = price of concerned good/service
Based on profit maximizing condition of the monopoly firm under the two-part tariff system ; output of concerned goods/services = MC = price of concerned goods/service
P = MC
102 - Q = 2 ∴ Q = 100
back to the Total demand function ( p = 102-Q )
p = 102 - Q
p = 2
when Q = 0
p = 102 - Q = 102
hence; Total consumer surplus = 0.5 * ( 102 - 2 ) * ( 100-0 ) = $5000 i.e. fee charged by monopolist per customer
marginal / socially optimal price charged = $2
Total Fixed rate/part that the monopolist will charge from 100 customers
= (100*5000) = $500,000
Ramone's Drones Inc. makes local deliveries using small drones. Ramone is looking to hire an additional pilot to help with increased delivery needs. He currently brings in $8500 per month, but with the new pilot, thinks he'll be able to increase his revenue to $9750 per month.
Required:
What is the monthly marginal revenue from hiring the additional pilot, which is referred to as the marginal revenue product of labor or MRPL?
Answer:
$1250
Explanation:
The computation of the monthly marginal revenue is shown below;
As we know that
MRPL = (Change in Revenue ÷ Change in Labour)
Given that
Initial Revenue = $8500
New Revenue = $9750
So,
Change in Revenue = ($9750 - $8,500)
= $1,250
And,
Change in Labour = 1
So,
MRPL is
= $1250 ÷ 1
= $1250
How can you relate the careers in Finance as Bachelor of Science in Information Systems (BSIS) students?
The Lumber Division of Sheffield Corp. produces and sells lumber that can be sold to outside customers or within the company to the Construction Division. The following data have been gathered for the coming period: Lumber Division: Capacity 120000 board feet Price per board foot $4.50 Variable production cost per bd. ft. $1.25 Variable selling cost per bd. ft. $0.50 Construction Division: Board feet needed 30000 Outside price paid per bd. ft. $4.00 If the Lumber Division sells to the Construction Division, $0.35 per board foot can be saved in shipping costs. If current outside sales are 150000 board feet, what is the minimum transfer price that the Lumber Division could accept
Answer:
$1.4
Explanation:
Calculation to determine the minimum transfer price that the Lumber Division could accept
Using this formula
Minimum transfer price =Variable production cost per bd. ft.+(Variable selling cost per bd. ft. -per board foot saved in shipping costs)
Let plug in the formula
Minimum transfer price= $1.25 +($0.50-$0.35)
Minimum transfer price=$1.25+$0.15
Minimum transfer price=$1.4
Therefore the minimum transfer price that the Lumber Division could accept is $1.4
Jamieson Enterprises has presented the following information for the past year of operations Month Units Total Cost January 2,800 $ 9,200 February 3,500 $ 11,300 March 1,900 $ 6,500 April 2,700 $ 8,900 May 4,500 $ 14,300 June 5,300 $ 16,700 July 7,200 $ 22,400 August 5,100 $ 16,100 September 4,700 $ 14,900 October 3,900 $ 12,500 November 3,400 $ 11,000 December 2,400 $ 8,000 a. Using the high-low method, calculate the fixed cost per month and variable cost per unit. b. What would total costs be for a month with 8,200 units produced?
Answer:
a.
VC/unit = $3 per unit
Fixed Cost = $800
b.
Total Cost = $25400
Explanation:
a.
The high-low method is used to separate the components of a mixed cost and it calculates the variable cost component in a mixed cost. The formula to calculate the variable cost per unit under the high-low method is as follows,
VC/unit = [Highest Activity cost - Lowest Activity Cost] / [Highest Activity units - Lowest Activity units]
VC/unit = [22400 - 6500] / [7200 - 1900]
VC/unit = $3 per unit
Using figures from March, The total fixed costs will be,
Fixed cost = 6500 - [3 * 1900]
Fixed Cost = $800
b.
Total cost in a month with 8200 units will be,
Total Cost = Total Fixed cost + Total variable costs
Total Cost = 800 + (3 * 8200)
Total Cost = $25400
:
a.
Which of the following environmental justice policies would the Environmental Protection Agency be least interested in
and able to support?
fair treatment
b. legal policies
C. social justice
d. corrective justice
Please select the best answer from the choices provided
B
Оооо
D
Answer:
C
Explanation:
EDGE
An MNC considers establishing a two-year project in New Zealand with a $30 million initial investment. The firm's cost of capital is 12 percent. The required rate of return on this project is 18 percent. The project is expected to generate cash flows of NZ$12 million in Year 1 and NZ$30 million in Year 2, excluding the salvage value. Assume no taxes and a stable exchange rate of $.60 per NZ$ over the next two years. All cash flows are remitted to the parent. What is the break-even salvage value
Answer:
NZ$25 million
Explanation:
Assuming salvage value = X
Cash flow in year 1 = 12 million*0.60 = $7.2 million
Cash flow in year 2 = 30 million*0.60 = $18 million
Note: At break-even salvage value, Net Present Value = 0
So, Initial cost = Present value of inflow (Sum of inflow*PV factor)
Initial cost = 7.2(PV 18%, 1 year) + 18(PV 18%, 2 years) + X(PV 18%, 2 years)
30 = 7.2*0.847 + 18*0.718 + X*0.718
30 = 19.02 + X*0.718
X*0.718 = 30 - 19.02
X*0.718 = 10.98
X = 10.98/0.718
X = 15.292479
X = $15.29
Stable exchange rate of $.60 per NZ$ over the next two years.
Break-even salvage value = 15.29/0.60
Break-even salvage value = NZ$25.4833
Break-even salvage value = NZ$25 million
On January 1, 2020, Korsak, Inc. established a stock appreciation rights plan for its executives. It entitled them to receive cash at any time during the next four years for the difference between the market price of its common stock and a pre-established price of $20 on 120,000 SARs. Current market prices of the stock are as follows: January 1, 2020 $35 per share December 31, 2020 38 per share December 31, 2021 30 per share December 31, 2022 33 per share Compensation expense relating to the plan is to be recorded over a four-year period beginning January 1, 2020. *75. What amount of compensation expense should Korsak recognize for the year ended December 31, 2020
Answer:
$570,000
Explanation:
Missing question: "On December 31, 2022,50,000 SARs are exercised by executives. What amount of compensation expense should Korsak recognize for the year ended December 31, 2020"
Amount of compensation expense = [(33-20)*120,000*3/4] - [(30-20)*120,000*2/4]
Amount of compensation expense = [13*120,000*3/4] - [10*120,000*2/4]
Amount of compensation expense = 1,170,000 - 600,000
Amount of compensation expense = $570,000
So. the amount of compensation expense that Korsak should recognize for the year ended December 31, 2020 is $570,000.