On january 1, 2018, d corp. granted an employee an option to purchase 6,500 shares of d's $4 par common stock at $21 per share. the options became exercisable on december 31, 2019, after the employee completed two years of service. the option was exercised on january 10, 2020. the market prices of d's stock were as follows: january 1, 2018, $36; december 31, 2019, $58; and january 10, 2020, $44. an option pricing model estimated the value of the options at $9 each on the grant date. for 2018, d should recognize compensation expense of:

Anheuser-busch inbev is considering you for an entry-level brand management position. you have been asked to prepare an analysis of the u.s. craft beer industry as part of the selection process. prepare a 3-5 page report that includes a description of the industry’s strategically relevant macro-environmental components, evaluates competition in the industry, assesses drivers of change and industry dynamics, and lists industry key success factors. the company’s management also asks that you propose the basic elements of a strategic action plan that will allow the company to improve its competitive position in the market for craft beer. you must provide a heading in your report for each of the required elements of the assignment.