What percentage did net income increase

Assignment Help Finance Basics
Reference no: EM13289230

Assume Main Street Store’s Net Sales in 2010 were $1,000,000 and it’s Net Income in 2010 was $17,000. Thus, between 2010 and 2011 Main Street Store’s net sales increased 20%. During the same period what percentage did net income increase?

Reference no: EM13289230

Questions Cloud

Function of punishment-deterrence-retribution-prevention : What should be the function of punishment: deterrence, retribution, prevention, reform? Does your answer change with varying crimes?
Networks use different routing protocols : Networks use different routing protocols to select the best routing path to reach other networks. A distance-vector routing uses a set of protocols (IPX, SPX, IP, or DECnet) and a distance calculation through an outgoing network interface to select t..
Convention milling or up-milling can best be described : End-mills that is capable of making their own starting hole are known as ______ end mills. Convention Milling or ( Up-Milling ) can best be described as: A fellow student needs help calculating the RPM for a ½ End mill, which formula below is correct..
Advantages is distribution of the burden on top executives : One of the primary advantages is the distribution of the burden on top executives.  By delegating authority to lower levels in the organization, top executives are better able to concentrate on activities that are more strategically future-oriented, ..
What percentage did net income increase : Assume Main Street Store’s Net Sales in 2010 were $1,000,000 and it’s Net Income in 2010 was $17,000. Thus, between 2010 and 2011 Main Street Store’s net sales increased 20%. During the same period what percentage did net income increase?
Define ergogenic aid-explain how steroids are considered : Define ergogenic aid and explain how steroids are considered part of your definition. Summarize your findings in the context of exercise science.
Explain how steroids differ from the human growth hormone : Explain how steroids differ from the human growth hormone. Summarize your findings in the context of exercise science.
How much did christina pay : Christina policy covered the medically necessary service performed in a nursing home setting. her total bill was $125,765. how much of Christina expenses was paid by her insurance policy? how much did Christina pay?
Discuss the affects of steroid use on athletic performance : Discuss the affects of steroid use on athletic performance. Summarize your findings in the context of exercise science

Reviews

Write a Review

Finance Basics Questions & Answers

  Optimal fraction of debt

Illustarte out the optimal fraction of debt and the growth rate of the firm. Illustrate out the relationship between the two?

  Inflation forecast

On August 1st 2009 USD/SAR exchange rate was SAR9.20 per USD. On August 1st 2010 (1 year later), USD/SAR rate moved up to USD/SAR9.80.

  At what cost of capital will the net present value

At what cost of capital will the net present value of the two projects be the same? (That is, what is the "crossover" rate?)

  Calculation of cash collection and ending accounts

Calculation of cash collection and ending accounts receivables and Budgeted sales for the second quarter of the year for Reuben Company are as follows

  What is the standard deviation of the returns on a portfolio

Suppose all stocks had a standard deviation of 30% and a correlation with each other of .4. What is the standard deviation of the returns on a portfolio that has equal holdings in 50 stocks?

  Ccomputation of annual interest charges for a given degree

Computation of Annual interest charges for a given degree of combined leverage and a lowered degree of combined leverage.

  Calculation of total revenues

The Gold Rush Mining Corporation is concerned about short-term volatility in its revenues. Gold currently sells for $300 an ounce, but value is volatile and could fall as low as $280 or rise as high as $320 in the next month.

  Compute the expected return given these three economic state

Compute the expected return given these three economic states, their likelihoods, and the potential returns: Fast Growth State has a probability of 0.3 and 40% return.

  Calculate forward rates

Given following spot rates for various periods of time from today, calculate forward rates from years one to two, two to three, and three to four.

  Defining future value of money

You want to bank enough money to pay for 4 years of college at $20,000 per year for your child. The savings account will pay an effective rate of 5% per year.

  Adopting a defined benefit plan

Discuss why an employer should adopt a defined-benefit plan to account for past service.

  Major types of foreign exchange risks

What are the major types of foreign exchange risks? How are these risks hedged or mitigated? What benefits do firms gain from hedging activities?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd