Answer:
It implies that the economy is in recession. Less than full employment equilibrium is a macroeconomic term used to describe a situation where an economy's short-run real gross domestic product (GDP) is lower than that same economy's long-run potential real GDP
Answer: See explanation
Explanation:
Based on the information given, we are informed that the co-worker has recorded a cash receipt twice and wants the full time bookkeeper to record a correcting entry that will reverse the mistakes.
Before making a decision about the correcting entry, it is necessary to check the entry and cross check the balances for sales and cash. One has to also check the receipts and every other necessary details in order to make sure that the transaction is genuine and not fraudulent.
After the through check, if the person is sure and confident that everything is okay, then the correcting entry can be made.
Answer and Explanation:
The missing amount is as follows:
a.
Sales revenue = Variable expense + contribution margin
= $232,804 + $130,532
= $363,336
Fixed expense = Contribution margin - operating income
= $130,532 - $21,597
= $108,935
Income tax = OPerating income - net income
= $21,597 - $15,118
= $6,479
b.
Variable expesne = sales revenue - contribution margin
= $485,168 - $171,860
= $313,308
Operating income = contribution margin - fixed expense
= $171,860 - $87,912
= $83,948
Net income = operating income - income tax
= $83,948 - $25,184
= $58,764
c.
Operating income = income tax + net income
= $21,532 + $64,596
= $86,128
Contribution margin = Fixed expense + operating income
= $146,396 + $86,127
= $232,524
Sales revenue = variable expense + contribution margin
= $102,728 + $232,524
= $335,252
d.
Variable expense = sales revenue - contribution margin
= $686,356 - $430,808
= $255,548
Operating income = income tax + net income
= $60,859 + $182,577
= $243,436
Fixed expense = Contribution margin- operating income
= $430,808 - $243,436
= $187,372
,
Based on Davidson Company's cash from bonds, and cash dividends paid, the net cash flow from financing activities is $70,000.
<h3 /><h3>What is the net cash from financing activities for Davidson Company?</h3>
The financing activities have to do with debt, and stock.
The net cash from financing acitivities is therefore:
= Bond issuance - Cash dividends paid
Solving gives:
= 80,000 - 10,000
= $70,000
In conclusion, the net cash from financing is $70,000.
Find out more on financing activities at brainly.com/question/14441404.
