Exeter Corporation Had Net Income of $3,000,000 in 2013

question 271

Essay

Exeter Corporation had net income of $3,000,000 in 2013. Using 2013 as the base year, net income decreased by 40% in 2014 and increased by 110% in 2015.
Instructions
Compute the net income reported by Exeter Corporation for 2014 and 2015.

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Definitions:

Occipital Lobe

The rearmost lobe in the brain, responsible for processing visual information from the eyes.

Cortical Regions

Areas of the brain's cerebral cortex involved in various higher-level functions including sensation, perception, memory, and voluntary physical action.

Frontal Lobe

The frontal lobe is a part of the brain located at the front of the cerebral cortex, involved in decision making, problem solving, control of purposeful behaviors, consciousness, and emotions.

Occipital Lobe

The rearmost lobe in each cerebral hemisphere of the brain, responsible for processing visual information.