a. If Erin Company had net income of $300,000 in 2019 and it experienced a 24.5% increase
Question:
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?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (3 reviews)
a 300000 X 1245 ...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Managerial Accounting Tools for Business Decision Making
ISBN: 978-1119392422
8th edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Question Posted:
Students also viewed these Business questions
-
(a) If Erin Company had net income of $300,000 in 2016 and it experienced a 24.5% increase in net income for 2017, what is its net income for 2017? (b) If 6 cents of every dollar of Erin's revenue is...
-
a. If Erin Company had net income of $300,000 in 2021 and it experienced a 24.5% increase in net income for 2022, what is its net income for 2022? b. If 6 cents of every dollar of Erins revenue is...
-
a. If Nimoy SA had net income of 350,000 in 2019 and it experienced a 22.4% increase in net income for 2020, what is its net income for 2020? b. If five cents of every euro of Nimoy revenue is net...
-
Perform the indicated operations. (3x + 4x 7) (2x - 8x + 3x) -
-
A metal ring is dropped into a localized region of constant magnetic field, as indicated in Figure 23-36. The magnetic field is zero above and below the region where it is finite. (a) For each of the...
-
Two astronauts (Fig P11.51), each having a mass M, are connected by a rope of length d having negligible mass. They are isolated in space, orbiting their center of mass at speeds v. treating the...
-
On its books, Navarro Companys Cash account shows an ending balance of \($770\). The bank statement for the current period shows a \($20\) service charge and an NSF check for \($100.\) A \($250\)...
-
Drake Paper Company sells on terms of net 30. The firms variable cost ratio is 0.80. a. If annual credit sales are $20 million and its accounts receivable average 15 days overdue, what is Drakes...
-
"Even if you're preapproved for a credit card at a certain interest rate with a specific fee structure, it doesn't mean that that's the card you'll actually get.After the credit card company reviews...
-
Consider a medium-sized company that has decided to begin using project management in a wide variety of its operations. As part of its operational shift, it is going to adopt a project management...
-
Hogan Inc. reported 2019 earnings per share of $3.26 and had no discontinued operations. In 2020, earnings per share on income from continuing operations was $2.99, and earnings per share on net...
-
Vern Thoms is puzzled. His company had a profit margin of 10% in 2020. He feels that this is an indication that the company is doing well. Tina Amos, his accountant, says that more information is...
-
Use the standard price and cost data provided in Exercise 8-1B. Assume the actual sales price was $29.50 per unit and the actual variable cost was $13.60 per unit. The actual fixed manufacturing cost...
-
Why are commercial banks owned by shareholders a disadvantage to customers?
-
Your firm represents Jimmy Jones. He and his best friend, Bobby Smith, are both 20-year-old high school dropouts. They have held several part-time jobs in the past but are currently unemployed. Last...
-
Find the anti-derivative class (do not forget the +C) for Evaluate the definite integral L 1 x dx= 1+x6 x dx= 1+x6
-
a) Explain how financial ratio analysis of a firm's projected cash flow budget could be efficiently used by its managers for financial planning. (b) Explain why creating budgets and other financial...
-
DIY problem: Charge Q is distributed uniformly inside a sphere of radius R. Calculate and sketch electric field E, a) outside the sphere & b) inside the sphere. (6) (a) Surface (a) encloses all of...
-
Use the Quotient Rule and Exercise 88 to show that d/dx (e kx ) = ke kx , for negative integers k. Data from exercise 88 Proof by induction is a method in which one begins by showing that a...
-
What kind of rays are X-rays?
-
Brooks Hardware reported cost of goods sold as follows. Brooks made two errors:1. 2011 ending inventory was overstated by $2,000.2. 2012 ending inventory was understated by $5,000.InstructionsCompute...
-
Sprague Company reported these income statement data for a 2-year period. Sprague Company uses a periodic inventory system. The inventories at January 1, 2011, and December 31, 2012, are correct....
-
A Kirk Limited is trying to determine the value of its ending inventory as of February 28, 2012, the companys year-end. The accountant counted everything that was in the warehouse, as of February 28,...
-
find T(625). I Given the recurrence relation T(n)=7T (n/5)+ 10n for n > 1 T (1)=1 Answer: (please write your answer here, add required space if needed)
-
Given a string length of 1.00 0.01 m and a period of 2.00 0.10, what is the uncertainty in gravity? No need to include units, but give them as m/s^2.
-
Overall, property taxes constitute a small piece of the macroeconomic pie in industrialized countries, but they are an important source of revenue for local governments. To what extent do local...
Study smarter with the SolutionInn App