Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Net income was $503,500 in 2020, $478,325 in 2021, and $535,724 in 2022. What is the percentage of change from (a) 2020 to 2021, and

Net income was $503,500 in 2020, $478,325 in 2021, and $535,724 in 2022. What is the percentage of change from (a) 2020 to 2021, and (b) from 2021 to 2022? Is the change an increase or a decrease? (If amount and percentage are a decrease show the numbers as negative, e.g.-55,000, -20% or (55,000), (20%). Round percentages to O decimal places, e.g. 12%.) (a) (b) 2020-2021 $ 2021-2022 $ Amount Percentage % %
image text in transcribed
Net income was $503,500 in 2020,$478,325 in 2021 , and $535,724 in 2022. What is the percentage of change from (a) 2020 to 2021 , and (b) from 2021 to 2022? Is the change an increase or a decrease? (If amount and percentage are a decrease show the numbers as negative, es. 55,000,20% or (55,000), (20\%). Round percentages to 0 decimal places, es. 12\%)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Students also viewed these Accounting questions

Question

differentiate the function ( x + 1 ) / ( x ^ 3 + x - 6 )

Answered: 1 week ago