Gerard Company reported sales of ($ 300,000) for (2006, $ 330,000) for 2007 , and ($ 360,000)

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Gerard Company reported sales of $\$ 300,000$ for $2006, \$ 330,000$ for 2007 , and $\$ 360,000$ for 2008 . If the company uses 2006 as the base year, what were the percentage increases for 2007 and 2008 compared to the base year?

a. $10 \%$ for 2007 and $10 \%$ for 2008

b. $120 \%$ for 2007 and $120 \%$ for 2008

c. $110 \%$ for 2007 and $110 \%$ for 2008

d. $10 \%$ for 2007 and $20 \%$ for 2008

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Financial Accounting

ISBN: 9780131492011

1st Edition

Authors: Jane L. Reimers

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Question Posted: Jun 06, 2024 01:17 AM

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Gerard Company reported sales of ($ 300,000) for (2006, $ 330,000) for 2007 , and ($ 360,000)

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Financial Accounting

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