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For the Last Two Years BRC Company Had Net Income 20122013 Net Income $160,000$200,000\begin{array}{l|c|c} & 2012 & 2013 \\\hline \text { Net Income } & \$ 160,000 & \$ 200,000\end{array}

question 134

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For the last two years BRC Company had net income as follows: 20122013 Net Income $160,000$200,000\begin{array}{l|c|c} & 2012 & 2013 \\\hline \text { Net Income } & \$ 160,000 & \$ 200,000\end{array} Change 2012 to Year 1 and 2013 to Year 2 What was the percentage change in income from Year 1 to Year 2?


Definitions:

Rate of Interest

The percentage at which interest is charged or paid on a loan or investment over a period of time.

Saving

The act of setting aside a portion of current income for future use, either by holding the funds in cash or placing them in investment accounts.

Investment

The allocation of resources, such as capital, time, and effort, into a venture with the expectation of generating future returns.

Highly Concentrated Industries

Industries in which a small number of firms control a large market share, often leading to decreased competition and higher barriers to entry for new competitors.

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