Net income was 550,000 in 2018, 500,000 in 2019, and 525,000 in 2020. What is the percentage
Question:
Net income was €550,000 in 2018, €500,000 in 2019, and €525,000 in 2020. What is the percentage of change from (a) 2018 to 2019 and (b) 2019 to 2020? Is the change an increase or a decrease?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 55% (9 reviews)
2020 2019 2018 Net income 52500...View the full answer
Answered By
Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Accounting Principles
ISBN: 978-1119419617
IFRS global edition
Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt
Question Posted:
Students also viewed these Business questions
-
Net income was $550,000 in 2012, $475,000 in 2013, and $525,000 in 2014. What is the percentage of change from (a) 2012 to 2013 and (b) 2013 to 2014? Is the change an increase or a decrease?
-
Net income was 550,000 in 2015, 500,000 in 2016, and 525,000 in 2017. What is the percentage of change from? (a) 2015 to 2016 and (b) 2016 to 2017? Is the change an increase or a decrease?
-
Net income was $500,000 in 2020, $485,000 in 2021, and $518,400 in 2022. What is the percentage of change from (a) 2020 to 2021, and (b) from 2021 to 2022? Is the change an increase or a decrease?
-
Two ball bearings from different manufacturers are being considered for a certain application. Bearing A has a catalog rating of 2.0 kN based on a catalog rating system of 3 000 hours at 500 rev/min....
-
Light of wavelength 490 nm is incident on a narrow slit. The diffraction pattern is viewed on a screen 3.20 m from the slit. The distance on the screen between the central maximum and the third...
-
Find all values of x for which converges absolutely. n=1 nx" (n + 1)(2x + 1)"
-
The Howell Corporation has the following account balances (in millions): Prepare an income statement and a supporting schedule of cost of goods manufactured for the year ended December 31, 2017. (For...
-
The fund-basis financial statements of Cherokee Library District (a special-purpose government engaged only in governmental activities) have been completed for the year 2012 and appear in the second...
-
A wise guy majoring in math says that he thinks your lottery is a bad deal.What other utility might you tell the wise guy he might receive that makes the lottery worth playing?
-
A Global private bank is aggressively looking to leverage technology to improve customer experience and reduce operational costs. Over the last few years, it has tied up with at least five startups...
-
Using the following data from the comparative statements of financial position of Dotte NV, illustrate horizontal analysis. December 31, 2020 840,000 520,000 December 31, 2019 500,000 350,000...
-
If Valdamorte plc had net income of 560,000 in 2020 and it experienced a 40% increase in net income over 2019, what was its 2019 net income?
-
a. What initial speed must an alpha particle have to just touch the surface of a 197 Au gold nucleus before being turned back? Assume the nucleus stays at rest. b. What is the initial energy (in MeV)...
-
A positive point charge q = 2.5 C is located at x = 0, y = 0.30 m, a negative point charge 92 = -2.5 C is located at x = 0, y = -0.30 m. A third point charge Q = 5.0 C is located at x = 0.40 m, y =...
-
Which of the isotopes is most likely to decay by alpha emission: 220Pa or 231Pa? Show the complete nuclear reaction for decay by alpha emission of this isotope.
-
3) The embers at the centre of a campfire of radius 15.0 cm emit light with a peak wavelength of 2.6 m. (a) Is this peak wavelength in the visible, infrared, or ultraviolet range of the spectrum? (b)...
-
What would be the output of the following program? Explain. int main() { pid_t pid1; printf(before fork ()); if ((pidl=fork ()) > 0) { waitpid (pid1, NULL, 0); } else if (pid1 0) { execl...
-
1. Evaluate the general solutions of the following differential equations: (A) (4 points) xy-2xy=3y (B) (4 points) (4x y) dx+ (3y x) dy = 0
-
A 450-g tetherball A is moving along a horizontal circular path at a constant speed of 4 m/s. Determine (a) The angle ( that the cord forms with pole BC, (b) The tension in the cord? L8 m
-
Jax Incorporated reports the following data for its only product. The company had no beginning finished goods inventory and it uses absorption costing. $ 57.30 per unit $ 10.30 per unit $ 7.80 per...
-
Determine whether each of the following costs should be classified as direct materials (DM), direct labor (DL), or manufacturing overhead (MO). (a) ____Frames and tires used in manufacturing...
-
Determine whether each of the following costs should be classified as direct materials (DM), direct labor (DL), or manufacturing overhead (MO). (a) ____Frames and tires used in manufacturing...
-
Indicate whether each of the following costs of an automobile manufacturer would be classified as direct materials, direct labor, or manufacturing overhead. (a) ____Windshield. (b) ____Engine. (c)...
-
Consider the following information: State Probability ABC Inc.'s Return Boom 0.25 15% Normal 0.50 8% Slowdown 0.15 4% Recession 0.10 -3% i. 11. iii. What is the expected return? What is the variance?...
-
The mythical country of Quitar has just established a policy to give very generous in-kind benefits to the nation's poor, currently defined as those earning less than $10,000 a year. Several years...
-
Question 1 The external loadings imposed on a horizontal beam is shown in Figure Q1(a). The beam is pivoted at Point A. (a) (b) 100 N/m 50 N/m 20 N 40 cm 50 cm Figure Q1 70 cm Apply the principle of...
Study smarter with the SolutionInn App