Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

A company analyses its profits for five consecutive years from 2 0 1 9 - 2 0 2 3 . The average profit was found

image text in transcribed
A company analyses its profits for five consecutive years from 2019-2023. The average profit was found to be R 15 million. The profit in 2019,2020 and 2021 was R12 million, 14 million and 10 million, respectively. The profit in 2023 was twice that in 2022. What was the profit in 2022?
(4)
A. R 12.5 million
B. R 13 million
C. R 14.5 million
D. R 26 million
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting

Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella

1st edition

978-0133251579, 133251578, 013216230X, 978-0134102313, 134102312, 978-0132162302

Students also viewed these Accounting questions

Question

What is permafrost?

Answered: 1 week ago

Question

Compute each of the following. (1 + 0.08) 10

Answered: 1 week ago