If a Company Has Sales of $130 in 2017 and $182

question 122

True/False

If a company has sales of $130 in 2017 and $182 in 2016, the percentage decrease in sales from 2016 to 2017 is 40%.

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Definitions:

Discharge

The completion, termination, or fulfillment of a legal obligation, duty, or contract.

Negotiable Instrument

A written promise or order to pay a specific sum of money that is transferable from one person to another.

Reacquisition

The process of buying back or otherwise regaining possession of something previously sold, lost, or given away.

Instrument

A formal legal document, such as a contract, will, bond, lease, or loan, that establishes legal rights and obligations.