Silva Corporation Reported Net Sales of $400,000, $700,000, and $900,000

question 44

Multiple Choice

Silva Corporation reported net sales of $400,000, $700,000, and $900,000 in the years 2013, 2014, and 2015 respectively. If 2013 is the base year, what is the trend percentage for 2015?

• A) 129%
• B) 135%
• C) 164%
• D) 225%

---

Definitions:

Life Insurance

This is a contract between an insurer and a policyholder in which the insurer guarantees payment of a death benefit to named beneficiaries when the insured dies.

Corporate Bond Portfolio

A diversified collection of corporate bonds held by an investor or institution aimed at achieving specified financial goals.

Federal Tax Bracket

A range of incomes subject to a particular income tax rate, determined by the U.S. federal government.

Real After-tax Rate

The rate of return on an investment after adjusting for taxes and inflation, providing a clearer measure of purchasing power gain or loss.