Answer:
The appropriate answer is "the company has not allocated enough funds for training".
Situational constraints refer to factors that negatively influence behavior and performance by imposing restrictions on personal qualities and motivation. For instance, lack of resources such as equipment or money. In this case, both employees and supervisors are keen to learn about new technology, but the main constraint preventing the achievement of this goal is the company's insufficient budget for training.
Answer:
The solution to the subsequent problem is presented below.
Explanation:
a) Journalize the entries to document Adam's admission into the partnership.
Account Title Dr Cr
Kala, Capital 20,000
Adam, Capital 20,000
Cash 10,000
Kala, Capital 8,000
Leah, Capital 6,000
Adam, Capital 24,000
b) Following Adam's entrance into the partnership, Leah sells one-fourth of her interest to Denton for $35,000. Journalize the entry for this transaction.
Account Title Dr Cr
Leah, Capital 13,500
Denton, Capital 13,500
Answer:
Accounts receivable as of July 31 = $261,800
Explanation:
The information for June is not needed since it's stated that 60% is collected in the sale month and 40% is collected in the following month. Therefore, by July 31, all sales from June will have been collected and are not outstanding.
July credit sales = 85% * $770,000 = $654,500
Amount collected in July (60%) = 60% * $654,500 = $392,700
Receivables as of July 31 = $654,500 - $392,700 = $261,800
The total economic surplus is represented by the area enclosed by points a, b, and c. To compute this surplus, we apply the triangle area formula: Area = ½ × Base × Height. The area situated between the demand and supply curves from 0 to 20 units illustrates the total surplus. This triangle has a base of $80 (the initial price at Q = 0, between points a and c) and a height of 20 (units bought at equilibrium). Thus, total surplus calculates as (1/2) × $80 × 20 = $800.
Consumer surplus can be evaluated as the area between the demand curve and the price at equilibrium. Here, the base is $40 (the difference between the demand price at Q = 0, or $85, and the equilibrium price of $45), and again, the height is 20 (units purchased in equilibrium), resulting in a consumer surplus of (1/2) × 40 × 20 = $400.
In terms of deadweight loss, it is identified as the variance in total surplus between efficient output level Q1 and constrained output at Q2. This can be expressed as the area of a triangle outlined by points b, d, and e. The base is determined by the price differential at points d and e (i.e., $55–$35 = $20), with a height from Q1 = 20 to the restricted output level Q2 = 15, which is 5 units. Therefore, the deadweight loss equals (1/2) × $20 × 5 = $50. The remaining total surplus is then $800 (initial efficient surplus) less $50 (deadweight loss), leading to a total of $750.
For deadweight loss due to overproduction, this is calculated as the surplus difference between an efficient output level Q1 and an additional output level at Q3. The triangle area is defined by points b, f, and g, with the base as the price difference at points f and g ($59–$31 = $28) and a height derived from the excess output where Q3 = 27 and Q1 = 20 (7 units difference). Hence, the deadweight loss figures as (1/2) × $28 × 7 = $98. Consequently, the remaining total surplus now is $800 (maximum surplus) minus $98 (deadweight loss), equating to $702. It's noteworthy that maximum total surplus occurs at the equilibrium quantity, while inefficiencies arising from overproduction diminish the surplus.
