Net income was $418,600 in 2019 and $364,000 in 2020. The year-to-year change in net income is: Multiple Choice $54,600 decrease. $364,000. $54,600 increase. $418,600.
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- 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 IncreaseDecrease (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 IncreaseDecreaseNet income was $500,000 in 2018, $490,000 in 2019, and $520,000 in 2020. What is the percentage of change from (a) 2018 to 2019 and (b) from 2019 to 2020? Is the change an increase or a decrease?Net income was $519,000 in 2020, $482,000 in 2021, and $525,000 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 (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
- 3.Net income for 2020 was P1,825,600. In 2021, it decreased by 53%. Still using the 2020 net income as the base year, by 2022, net income increased by 130%. Determine the net income for 2021 and 2022, respectively. (separate the values by a comma followed by a space ", ")The amount of gross profit to appear on the income statement for the period ended 2019 is: a. (330,000) b. (441,000) c. (2,920,000) d. (100,000) Please refer to the picture below to answer the question.During 2019, Canton Company's assets increased $95,700 and the liabilities decreased $19,300. Canton Company's stockholder's equity at December 31, 2019 was $213,500. What amount was stockholder's equity at January 1, 2019? a. $98,500 b. $328,500 c. $137,100 d. $289,900
- Net income was $364,000 in 2017 and $418,600 in 2018. The year- to-year percent change in net income is: Group of answer choices 15%. 13%. $54,600. 87%.If Sandhill Co. had net income of $423,800 in 2020 and it experienced a 30% increase in net income over 2019, what was its 2019 net income?The income statement of Barela Corporation for 2020 included the following items: Interest income P100,000; Salaries expense 85,000; Rent expense 18,000; The interest receivable, salaries payable and prepaid rent for the year were increased by P12,000, P3,000 and P 2,000 respectively. The cash paid for rental during 2020 was Choices; 18,000 16,000 20,000
- The unadjusted net income for the year 2019 is: A. P1,540,200B. P1,458,200C. P1,482,200D. P1,421,000Based on the following information what was Simmond’s profit for the year? During the year Simmond’s drawings were £6,000 and she introduced a further £2,000 capital 1 January 2021 31 December 2021 Assets £87,500 £106,200 Liabilities £65,300 £76,200 a) £7,800 b) £20,000c) £18,700 d) £11,800Gross Profit for 2024 was $150,000 and for 2025 was \$200,000 . What is the percentage of increase or decrease in Gross Profit for the two periods?