Get Custom homework writing help and achieve A+ grades!

Custom writing help for your homework, Academic Paper and Assignments from Academic writers all over the world at Tutorsonspot round the clock.

Our promises:

  • Custom homework writing help
  • Plagiarism Free Solutions Guaranteed!
  • A+ Grade Guaranteed!
  • Privacy guaranteed!
  • Best prices guaranteed!
  • Timely delivery guaranteed!
  • Hundreds of Qualified Writers 24/7

Accounting Memo Assignment

In Progress Homework Posted by: anthm6632 Posted on: 08/11/2020 Deadline: 24 Hours

Mary Jones, a senior manager at the CPA firm where you are employed, forwarded you an e- mail from a client (Caroline Wilson, the CFO of MTL Corporation). Mary asks you to write a internal memo to Jaqueline Noble, the CPA firm’s partner on the account, explaining the relevant tax issues and providing advice for the client. Mary wants you to submit the memo to the partner on Tuesday, November 10, 2020. Here is the e-mail from the client:

Hi Jaqueline:

MTL Corporation is having a solid 2020 financial year! However, given the current economic uncertainty and the need to preserve cash, MTL’s Board of Directors has proposed the following changes to my compensation contract for 2020:

• Change the annual cash bonus of $100,000 to a stock bonus of 1,000 shares with a FMV of $100 per share

• Stock-option compensation, select one of two proposals:

o Non-qualified stock option (NQO) to purchase 1,200 shares o Incentive stock options (ISO) to purchase 1,200 shares

The stock bonus is expected to be approved by the Board of Directors on December 28, 2020 and awarded on December 31, 2020. I do not have to make any payment with regards to the stock bonus. For either the NQO or the ISO, the stock options will be granted on Nov 15, 2020 and vest on December 29, 2020 with an exercise price of $15. I plan to exercise on the vesting date as I expect the shares to appreciate further in over the next three years. The fair market value for the MTL shares is expected to be $100 per share on December 29, 2020. Stock market projections are for the shares to be valued at $150 per share on December 31, 2021. Regardless of which proposal I choose, I plan to sell the shares from the stock options at the end of 2021.

I want to understand how the award of a stock bonus and each of the two proposed stock options will affect my taxable income for 2020 and 2021. Which stock-option would you advise I choose? Also, I was wondering if you have any tax planning advice in regard to when I should exercise the stock options and/or sell the shares at the end of 2021, is there any tax benefits if I delay my plans? As you may recall, I am in the top marginal tax bracket (37%) for individual taxpayers. I look forward to your advice!


Caroline Wilson

Chief Financial Officer MTL Corporation

Note: The assignment will be graded by the Ernst & Young Communication Center (EYCC) to provide you individualized professional feedback on your writing skills. Completed assignments should be submitted on D2L by 5: 00pm EST on Tuesday, November 10, 2020. Late assignments will not be accepted. Plagiarism, copying, or other academic misconduct will result in a zero for this assignment and may be reported to the Dean’s office. Here is a link to a video recording of EYCC’s presentation on business memo writing. You can also setup an appointment with EYCC to review a draft of your memo, details are in the video. Please ensure your memo is substantial complete before meeting with EYCC as there is only space for a single appointment per student.

In Progress Homework

Project ID 752807
Category Accounting & Finance
Level Undergraduate
Deadline 24 Hours
Budget $30-50 (2-5 Pages/ Short Assignment) Approx.
Type Private

How it Works (Full Video)

How to Hire an Academic Writer

How to Post Homework Question

Order Your Homework Today!

We have over 1500 academic writers ready and waiting to help you achieve academic success

Private and Confidential

Yours all information is private and confidential; it is not shared with any other party. So, no one will know that you have taken help for your Academic paper from us.

Ready To Place An Order? Its Free!

Homework Questions in Accounting & Finance

Accounting Memo Assignment

Accounting Memo Assignment

Accounting Memo Assignment

Accounting memo writing

ACC 331 Writing Assignment

ACC 331 Writing Assignment

ACC 331 Writing Assignment

Accounting Memo Assignment

Accounting Memo Assignment

maslow's progression hypothesis states that:

mi hermano javier (1) en el mar si pudiera


qualitative analysis of cations ag+ fe3+ cu2+ and ni2+ lab report

altira corporation uses a periodic inventory system

literature for composition 11th edition pdf

a set of connected ideas support by examples is a(an) ________.

under armour vrio analysis

apa scavenger hunt answers

¿quién es la primera persona que está en el baño? felipe marissa

which of the following statements concerning junk bonds is most correct?

bus 475 week 3 individual assignment

c489 task 2 fmea table

governmental accounting practice set province of europa solution

amazon case study analysis

voy a poner estos discos compactos en la mochila.

how to calculate total recruiting cost in capsim

dexter company applies the direct write-off method in accounting for uncollectible accounts.

morganton company makes one product

c489 task 2 fmea table

larned corporation recorded the following transactions for the just completed month.

firms that achieve higher growth rates without seeking external financing

a $1,000 bond quoted at 96.5 would sell for

coastal medical center case study

claudia (escribir) un mensaje por internet cuando la llamó miguel

determine the interest payment for the following three bonds. (assume a $1,000 par value.)

what is the text of the alleluia "caro mea" about?

is evolution a good explanation for psychological concepts


kramer and knox began a partnership by investing

the american cancer society provides education on

which of the following comparisons best isolates the impact of a change in activity on performance?

relying entirely on a firm’s statement of cash flows while ignoring its income statement is

analysis assignment putting things together

lab 7: ecological interactions

clark healthy workplace inventory

eleanor rigby analysis

initial post

what possible objections to his own position does carr introduce

which of the following statements best summarizes the views of "health trap" skeptics?

¿son morenas las hermanas de lupe?