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:

Gross Domestic Product

The total market value of all goods and services produced within a country in a specific time period, a primary indicator of economic health.

Recession

A period of GDP contraction that lasts for at least two consecutive quarters within 1 year.

Economic Exposure

A company’s exposure to unexpected change in foreign exchange rates.

Forward Exchange Rate

A financial term describing an agreed exchange rate for the future exchange of two currencies, used primarily for hedging against foreign exchange risk.