Net Sales Were $115,000 in Year 1 and $65,000 in Year

question 72

Multiple Choice

Net sales were $115,000 in Year 1 and $65,000 in Year 2. The percentage increase or decrease in net sales was: (Round your answer to two decimal places, X.XX%.)

• A) (56.52%).
• B) 56.52%.
• C) (43.48%).
• D) 43.48%.

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Definitions:

Wealth

The abundance of valuable financial assets or physical possessions which can be converted into a form that can be used for transactions.

Risk Averter

An individual or entity that prefers to avoid risk, choosing options that have a more certain outcome even if it potentially means receiving lower returns.

Variance

A measure of dispersion that shows how much the values in a set differ from the mean or expected value.

Expected Utility Maximizer

A theoretical concept in economics and decision theory where an individual chooses among risky options by selecting the option with the highest expected utility.