Assume the Following Sales Data for a Company: If

question 55

Multiple Choice

Assume the following sales data for a company: If 2021 is the base year, what is the percentage increase in sales from 2021 to 2022?

• A)140%
• B)125%
• C)40%
• D)25%

---

Definitions:

Restrictive Endorsement

A limitation placed on a check specifying the conditions under which it can be paid or transferred, often used for security purposes.

Pay To The Order

A phrase written on a financial instrument such as a check, indicating the person or entity to which the money is directed.

Bank

A financial institution licensed to receive deposits and make loans, and may offer various other financial services.

Negotiable

Capable of being discussed and terms arranged; a check is a negotiable instrument drawn against deposited funds to pay a specified amount to a person or business upon demand.