Net income was $520,000 in 2020, $442,000 in 2021, and $517,140 in 2022. What is the...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Net income was $520,000 in 2020, $442,000 in 2021, and $517,140 in 2022. What is the percentage of change (a) from 2020 to 2021, and (b) from 2021 to 2022? Is the change an increase or a decrease? (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses e.g. (45). Round percentages to 1 decimal place, eg. 12.3%.) Increase or (Decrease) Amount Percentage (a) 2020-2021 (b) 2021-2022 Net income was $520,000 in 2020, $442,000 in 2021, and $517,140 in 2022. What is the percentage of change (a) from 2020 to 2021, and (b) from 2021 to 2022? Is the change an increase or a decrease? (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses e.g. (45). Round percentages to 1 decimal place, eg. 12.3%.) Increase or (Decrease) Amount Percentage (a) 2020-2021 (b) 2021-2022
Expert Answer:
Answer rating: 100% (QA)
Solution Given Net income 520000 in 2020 442000 in 2021 517140 ... View the full answer
Related Book For
College Accounting A Practical Approach
ISBN: 978-0132564441
11th Canadian Edition
Authors: Jeffrey Slater, Brian Zwicker
Posted Date:
Students also viewed these accounting questions
-
What is the percentage of error involved in treating carbon dioxide at 3 MPa and 10C as an ideal gas?
-
The following accounts showed an increase or a decrease from the comparative balance sheet. Explain which account will be added to net income and which will be subtracted in calculating net cash...
-
The following accounts showed an increase or a decrease from the comparative balance sheet. Explain which account will be added to net income and which will be subtracted in calculating net cash...
-
1. 3 2. MONEYBALL MOVIE WORKSHEET 1 1 1 11 6 7 1. Discuss the Oakland Athletics and what is going on with them? How are they look to change? What marketing techniques are being used to better the...
-
Hastoon Company purchases all of Zedner Company for $420,000 in cash. On that date, the subsidiary has net assets with a $400,000 fair value but a $300,000 book value and tax basis. The tax rate is...
-
The Surgical Care Unit of Boston Care Health Group uses the high- low method to predict its total surgical unit supplies costs. It appears that nursing hours worked is a good predictor of surgical...
-
Bristol-Myers Squibb (BMS) Company reports that it maintains a \($2\) billion, five-year revolving line of credit with a syndicate of lenders. The company disclosed in its annual report that: The...
-
Berts Sporting Goods, Inc., with stores located throughout the state of Lys, sells a wide variety of sporting goods, including guns. Section 123.45 of the Lys Penal Code requires sellers of guns to...
-
I need help making a profit-and-loss statement for a three year period (For WalMart) including revenue projection and stated assumptions. I am having trouble figuring out the excel sheet for this her...
-
Multiple regression is used by accountants in cost analysis to shed light on the factors that cause costs to be incurred and the magnitudes of their effects. Sometimes, it is desirable to use...
-
Flint Stone is a 50 year old technician with a construction company. He has been working with the firm since he left high school at age eighteen. His salary is $10,000/month and his expenses average...
-
You have just invested in a portfolio of three stocks. The amount of money that you invested in each stock and its beta are summarized below. Stock Investment Beta A $210,000 1.47 B 315,000 0.61 C...
-
Instructions: 1. Watch the interview of Toni Gonzaga featuring President Ferdinand Bongbong Marcos Jr. 2. Evaluate it by using the provided rubrics of Spoken Texts 3. Rate it by 5,4,3,2 and explain...
-
You own shares of the High Growth Technology Fund, which has a NAV of $57.78 and a 4.88 percent back-end load. How much will you receive per share upon redemption?
-
6. The work function of tin is = 4.42 eV (where 1 eV = 1.602 10- J). (a) Calculate the speed of the fastest electrons ejected from the surface of tin when light with a photon energy of 6.2 eV shines...
-
Discuss any hazards identified in the process, recommendations should be described in detail and prioritized according to 'The Principles of Control' (At the Source, Along the Path, and At the Worker...
-
For all the quetsions PROBLEM SOLVING THROUGH C(P21CS203) ASSIGNMENT I Class: II Semester B Section Date: 18/07/2022 Sl.No. Questions 1. Define algorithm. i) Write algorithm to find all the roots of...
-
Find a least expensive route, in monthly lease charges, between the pairs of computer centers in Exercise 11 using the lease charges given in Figure 2. a) Boston and Los Angeles b) New York and San...
-
Compute the net pay for each employee for the first week of February using the tables in the text. The only deductions are for income tax, CPP, and EI. Employee Ben Smith May Cheung Status Married...
-
Prepare the financial statements for the three months ended July 31, 2013. Precision Computer Precision Computer Centre 185 North Escondido Blvd Edmonco AB TOG 1X9 210 Auty S. 2013.. NVOICE To the...
-
All employers must remit their payroll deductions once a month (by the 15th of the following month). Please comment.
-
You have the following details for A. Bird of transactions with customers and suppliers. (a) 1 June credit purchases of 8,000, 6,000 and 5,000 from Robin, Falcon and Sparrow, respectively. (b) 4 June...
-
From the following accounting figures show the six steps in the accounting equation: opening assets 25,000, opening liabilities 25,000 (15,000 third party and 10,000 equity), profit 15,000 (income...
-
In this exercise we explore how the early stopping of the gradient descent iterations (see Example B.10), \[ \boldsymbol{x}_{t+1}=\boldsymbol{x}_{t}-\alpha abla f\left(\boldsymbol{x}_{t} ight), \quad...
Study smarter with the SolutionInn App