Answer:
Wilma's Widgets will report $3,880,749.00 as earnings before interest and taxes (i.e., operating profit) in 2010
Explanation:
Earnings before interest and tax= net sales-cost of goods sold-operating expenses-depreciation
net sales is $20,882,696
cost of goods sold is $13,765,751
operating expenses are $2,014,441
depreciation is $1,221,755
earnings before interest and tax=$20,882,696- $13,765,751- $2,014,441-$1,221,755=$3,880,749.00
Answer:
C) pension plan assets at fair value exceed the projected benefit obligation.
Explanation:
Pension plan assets include the cash and all the investments in securities (stocks, bonds, etc.) that your plan will use to pay for future benefits once you retire. If the investments gained a lot of value (specially the stocks), their fair market value might be higher than the projected future obligations. This means that your plan has more than enough money to cover your benefits once you retire.
Answer:
a. The opportunity cost of producing the last hamburger equals the marginal benefit of consumption.
2. a. The market price is determined solely by the forces of supply of and demand for a good.
Explanation:
1. Since all the hamburgers are sold at an equilibrium price of $5 and all the hamburgers are sold, that is clear reflection that the opportunity cost that is the benefit foregone in order to produce the last hamburger = the maximum price that the consumer can pay for buying the additional hamburger, that is marginal benefit.
In that case the producer shall always produce the additional hamburger.
Accordingly the outcome in market is economically efficient.
2. When the price is determined by the forces of supply and demand, that is at a point where the intersection of supply and demand forces takes place, it is the most efficient outcome, as at that price maximum consumers are ready to buy, and also maximum supplies are ready to be done, both are satisfied at their levels.
Answer:
The given costs and classification are;
Cost Classification
a. Automobile engine Direct Material cost
b. Brake pads Direct Material cost
c. Depreciation of robotic assembly line equipment Factory overhead cost
d. Glass for front and rear windshields Direct Material cost
e. Safety helmets and masks for assembly line workers Factory overhead cost
f. Salary of quality control inspector Factory overhead cost
g. Steering wheel Direct Material cost
h. Tires Direct Material cost
i. Wages of assembly line workers Direct labor cost
Explanation:
Direct material cost is the total cost of the materials with which the product is manufactured
Direct labor costs are the total cost of the wages and salaries which the workers directly involved in the production of the goods or the rendering of the service receive
Factory overhead is the operational cost of the production facility that are not directly related to the output or produced materials. Factor overhead are all the other costs excluding the direct labor and material costs.