Assume the Following Sales Data for a Company $$\begin{array} { l r } 2015 & \$ 945,000 \\2014 & 877,500 \\2013 & 650,000\end{array}$$

question 62

Multiple Choice

Assume the following sales data for a company: $$\begin{array} { l r } 2015 & \$ 945,000 \\2014 & 877,500 \\2013 & 650,000\end{array}$$ If 2013 is the base year, what is the percentage increase in sales from 2013 to 2014?

• A) 24%
• B) 35%
• C) 76%
• D) 135%

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Definitions:

Low-Cost Financing

Financing obtained at a lower interest rate than the market rate, often through government subsidies or special programs.

Adjusted Subsidiary Value

An evaluation metric that adjusts the value of a subsidiary’s assets and liabilities to their fair market value.

Investment Account

An account held at a financial institution into which individuals deposit funds for the purpose of buying securities and other investment assets.

New Shares

Additional shares of stock issued by a company to raise capital or in connection with a stock split.