Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Net income was $504,500 in 2020, $489,000 in 2021, and $526,500 in 2022. What is the percentage of change from (a) 2020 to 2021, and
Net income was $504,500 in 2020, $489,000 in 2021, and $526,500 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 0 decimal places, e.g. 12%.)
Amount | Percentage | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
(a) | 2020-2021 | $Enter an increase or decrease in dollars. | Enter an increase or decrease in percentages rounded to 0 decimal places. | % | Select between increase and decrease DecreaseIncrease | |||||
(b) | 2021-2022 | $Enter an increase or decrease in dollars. | Enter an increase or decrease in percentages rounded to 0 decimal places. | % | Select between increase and decrease DecreaseIncrease |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started