(a) If Neer Company had net income of $300,000 in 2013 and it experienced a 24.5% increase...

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(a) If Neer Company had net income of $300,000 in 2013 and it experienced a 24.5% increase in net income for 2014, what is its net income for 2014?

(b) If 6 cents of every dollar of Neer’s revenue is net income in 2013, what is the dollar amount of 2013 revenue?

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