Profit last quarter decreased from $6540 in the previous quarter to $1090. What was the percent decrease

Question:

Profit last quarter decreased from $6540 in the previous quarter to $1090. What was the percent decrease in profit?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0134141084

11th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs

Question Posted: Nov 29, 2017 06:41 AM

See More Questions

Hatfield Medical Supply's stock price had been lagging its industry averages, so its board of directors brought in a new CEO, Jaiden Lee. Lee had brought in Ashley Novak, a finance MBA who had been...
The liquidity manager for the Bank of Your Dreams needs cash to meet some unanticipated loan demand. The loan officer has $600 million in loans that he wants to make. Use the simplified balance sheet...
The following situations represent errors and frauds that could occur in financial statements. Required: State how the ratio in question would compare (higher, equal, or lower) to what the ratio...
Find the incarization of the function x) - Vx+ 4 at a-5 and use it to approximate the numbers 8.97 and y9.05. Are these approximations overestimates or underestimates? SOLUTION The derivative of fx)...
Consider a plane wall 100 mm thick and of thermal conductivity 100 W/m K. Steady-state conditions are known to exist with T1 = 400 K and T2 = 600 K. Determine the heat flux q; and the temperature...
The National Institute for Standards and Technology (NIST) mandates that for every 100 items scanned through the electronic checkout scanner at a retail store, no more than 2 should have an...
Give examples of when you would prepare rough order of magnitude (ROM), budgetary, and definitive cost estimates for an IT project. Give an example of how you would use each of the following...
Digiread Technologies Ltd. (DTL) is a privately held distributor of e-readers and tablets. The Calgary-based company is well established and is currently managed by its founder, Erin Jacobs. The...
Jasper Company has 57% of its sales on credit and 43% for cash. All credit sales are collected in full in the first month following the sale. The company budgets sales of $535,000 for April, $545,000...
A manufacturing company regularly consumes a special type of glue purchased from a foreign supplier. Because the supplier is foreign, the time gap between placing an order and receiving the shipment...
The Bank of Montreal reduced its annual lending rate from 6% to 5.75%. What is the percent reduction in the lending rate?
Using 2013 as a base period, compute a simple price index for each of the following commodities. Interpret your results. Price in 2013 $2.49 $199 Price in 2014 Commodity Bread (loaf) Bus pass...
Given a Car class with the following instance variables: private String make; private String model; private int year; private String color; Write an equals method for customers who dont care about...
Problem Statement | Nessie, the wonder-dog, is sprinting at a constant 10.0 m/s in a straight Useful Equations line. After passing point A, she slows to a stop with a constant acceleration of 1.79...
1) How much work does a supermarket checkout attendant do on a can of soup he pushes 0.810 m horizontally with a force of 5.60 N? Express your answer in joules and kilocalories. (For each answer,...
You are working as a junior developer at Smashing Websites Ltd. You are part of a team of junior developers that have recently joined the organisation. Smashing Websites provide services to a range...
3. Consider the system x + y + bz x+by+4z = 2 = 1 ax+ay + 2z == a In each case, determine all values of a and b which give the indicated number of solutions, if possible. If no such a and b exist,...
Income statements for Fanning Company for Year 3 and Year 4 follow. FANNING COMPANY Income Statements Year 4. Sales $200,200 Year 3 $180,200 Cost of goods sold. 143,800 121,800 Selling expenses...
Problems 5362. The purpose of these problems is to keep the material fresh in your mind so that you are better prepared for later sections, a final exam, or subsequent courses such as calculus. If...
Refer to the data in QS 10-1. Based on financial considerations alone, should Helix accept this order at the special price? Explain.
Simplify (a). (-3)5 (b). (2/3)4 (c). (-5)0 (d). (-3)-1 (e). (2/5)-4 (f). (1.01)0 (g). (-3)5 (-3)4 (h). 47 42 (i). [(-3)2]5 (j). (m3)4 (k). (2/3)3 (2/3)7 (2/3)-6 (l). (-5/4)5 (-5/4)3 (m). (1.0350)...
Use an electronic calculator to compute each of the following. (a) (0.9216) (b) 6(1.075) (c) 14.9744581/40 (d) 1.085/12 (e) ln 3 (f) ln 0.05 (g) 1n (5500/1.1016) (h) n[375(101)(1-10 In | 375(1.01)|...
Solve each of the following equations. (a) 9x = 63 (b) 0.05x = 44 (c) - 1/7 x = 3 (d) 5/6 x = -15 (e) x 8 = -5 (f) x +9 = - 2 (g) x + 0.02x = 255 (h) x 0.1x = 36 (i) 4x 3 = 9x + 2 (j) 9x 6 3x =...
A company manufactures lawnmowers. Compute the total amount of period costs from thr following costs.
TestAnswerSavedHelp opens in a new windowSave & ExitSubmit Item 1 7 1 0 points Time Remaining 1 hour 2 0 minutes 1 8 seconds 0 1 : 2 0 : 1 8 Item 1 7 Time Remaining 1 hour 2 0 minutes 1 8 seconds 0 1...
Use the following information for the Problems below. (Algo) [The following information applies to the questions displayed below.] Lansing Company's current-year income statement and selected balance...

Profit last quarter decreased from $6540 in the previous quarter to $1090. What was the percent decrease

Question:

Step by Step Answer:

Decrease 65401...View the full answer

Contemporary Business Mathematics with Canadian Applications

Students also viewed these Accounting questions