Grant, inc. had 60,000 shares of treasury stock ($10 par value) at december 31, 2014, which it acquired at $11 per share. on june 4, 2015, grant issued 30,000 treasury shares to employees who exercised options under grant's employee stock option plan. the market value per share was $13 at december 31, 2014, $15 at june 4, 2015, and $18 at december 31, 2015. the stock options had been granted for $12 per share. the cost method is used. what is the balance of the treasury stock on grant's balance sheet at december 31, 2015? a. $210,000.b. $270,000.c. $330,000.d. $360,000.

In early january, burger mania acquired 100% of the common stock of the crispy taco restaurant chain. the purchase price allocation included the following items: $4 million, patent; $3 million, trademark considered to have an indefinite useful life; and $5 million, goodwill. burger mania's policy is to amortize intangible assets with finite useful lives using the straight-line method, no residual value, and a five-year service life. what is the total amount of amortization expense that would appear in burger mania's income statement for the first year ended december 31 related to these items?

Compute the cost of not taking the following cash discounts. (use a 360-day year. do not round intermediate calculations. input your final answers as a percent rounded to 2 decimal places.)

Suppose there is a 6 percent increase in the price of good x and a resulting 6 percent decrease in the quantity of x demanded. price elasticity of demand for x is a. 0 b. 6 c. 1 d. 36