If a Company Has Sales of $130 in 2014 and $182

question 288

True/False

If a company has sales of $130 in 2014 and $182 in 2013, the percentage decrease in sales from 2013 to 2014 is 40%.

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Definitions:

Preferred Stock

A class of ownership in a corporation that has a higher claim on assets and earnings than common stock, often with dividends that are paid out before those of common stockholders.

Dividends

Payments made by a corporation to its shareholder members. It is the portion of corporate profits paid out to stockholders.

Company Liquidates

The process in which a company ceases operations and sells off its assets to pay creditors.

Professional Corporation

A professional corporation is a type of business entity that is organized to provide professional services, such as legal or medical services, and offers its members liability protection.