Answer:
b. $25,000
Explanation:
For computing the pension liability amount, we need to do apply the formula which is shown below:
= Projected benefit obligation - Fair value of plan assets
= $103,000 - $78,000
= $25,000
The net periodic pension cost and the employer's contribution is not relevant. So, these items are ignored and hence not included in the computation part.
The excess amount is shown as a pension liability.
Answer:
3 workers
Explanation:
At optimal point, wage = Price * Marginal Product of Labour (MPL)
When 3 workers are employed,
Since wage is given = 25
And price = 4
When 3 workers are hired, wage is close to price * MPL because wage = 25 and p*MPL = 24
OR
salary paid = $25*3 = $75
Revenue generated = 24*$4= $96
This combination provides the best profit margin which is 96 - 75 = $21.
Answer:
a. $9,338
b. 0.363
Explanation:
a. Contribution Margin = Sales - Variable Cost
Where Sales = $25,700
Variable Cost = Food & Packaging + Payroll + 40% x General, Selling and Administrative expenses
V.C. = 8,982 + 6,500 + 40% * 3,700
V.C = 8,982 + 6,500 + 1,480
= $16,362
Therefore, Contribution Margin = Sales - Variable Cost
= $25,700 - $16,362
=$9,338
b. McDonald's contribution margin ratio = Contribution Margin / Sales
= $9,338 / $25,700
= 0.363
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