a. If Erin Company had net income of $300,000 in 2019 and it experienced a 24.5% increase

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a. If Erin Company had net income of $300,000 in 2019 and it experienced a 24.5% increase in net income for 2020, what is its net income for 2020?

b. If 6 cents of every dollar of Erin’s revenue is net income in 2019, what is the dollar amount of 2019 revenue?

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Managerial Accounting Tools for Business Decision Making

ISBN: 978-1119392422

8th edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Question Posted: Nov 09, 2018 11:08 AM

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a. If Erin Company had net income of $300,000 in 2019 and it experienced a 24.5% increase

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Managerial Accounting Tools for Business Decision Making

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