See the annual net income data for an almond farm in California. Use these data to...
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See the annual net income data for an almond farm in California. Use these data to answer the questions that follow. Net Income 2005 $ 100,957 2006 $ 197,140 2007 $ 162,727 2008 $ 163,559 2009 $171,209 2010 $ 183,866 2011 $184,406 2012 $190,911 2013 $157,094 2014 $ 103,318 2015 $152,862 2016 $ 108,346 2017 $ 140,326 92.a Calculate the net income this farm earns in an average year. Year 2 4 5 36 2.b. Please explain why you can not calculate the geometric average for this situation? 37 8 39 30 See the annual net income data for an almond farm in California. Use these data to answer the questions that follow. Net Income 2005 $ 100,957 2006 $ 197,140 2007 $ 162,727 2008 $ 163,559 2009 $171,209 2010 $ 183,866 2011 $184,406 2012 $190,911 2013 $157,094 2014 $ 103,318 2015 $152,862 2016 $ 108,346 2017 $ 140,326 92.a Calculate the net income this farm earns in an average year. Year 2 4 5 36 2.b. Please explain why you can not calculate the geometric average for this situation? 37 8 39 30
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2a To calculate the average net income for this almond farm we need to add up all the net incomes fo... View the full answer
Related Book For
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
Posted Date:
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