Net income was $590,000 in 2017, $584,100 in 2018, and $619,146 in 2019. What is

Question

Net income was $590,000 in 2017, $584,100 in 2018, and $619,146 in 2019. What is the percentage of change from (a) 2017 to 2018, and (b) from 2018 to 2019? Is the change an increase or a decrease?

· 20% C. Wed 5:49 PM O Chrome File Edit View History Bookmarks People Window Help N Netflix Secure l https://edugenwileyplus.com/edugen/student/mainfr.un. e -1 e Problems pl 1-3A. The Xy [y] WileyPLUS e Net Income was $500 × Rachel xxDraitzelxx's Xbox cl × At December 31, Gorde X Problems P11-3A. The X x WileyPLUS Weygandt, Financial Accounting, 10e FINANCIAL ACCT. (ACCT298) Home Read, Study & Practice Gradebook ORION Downloadable eTextbook Assignment>Open Assignment CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT ASSIGNMENT RESOURCES Brief Exercise 13-6 BE13-6,BE13-7 Brief Exercise 13-6 Your answer is partially correct. Try again. Net income was $590,000 in 2017, $584,100 in 2018, and $619,146 in 2019. What is the percentage of change from (a) 2017 to 2018, and (b) from 2018 to 2019? 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%.) Review Score Obiective Amount Percentage (a) 2017-2018 96 T. Decrease (b) 2018-2019 35046 61% T Increase LINK TO TEXT VIDEO TUTORIAL Question Attempts: 1 of 3 usedSAVE FOR LATER SUBMIT ANSWER

Explanation / Answer

note:

2017 -2018.

change in net income = $584,100 - 590,000 => - $5,900.

percentage change = - $5,900 / $590,0000 *100 => - 1%.

2018-2019

change in net income = $619,146 - $584,100 =>$35,046.

percentage change = $35,046 / 584,100 *100 =>6%.

Amount Percentage a.2017 - 2018 - $5,900 - 1% Decrease b.2018-2019 $35,046 6% Increase

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