Net Income Was $364,000 in 2017 and $418,600 in 2018 $\bold{\text{percent change}}$

question 20

Multiple Choice

Net income was $364,000 in 2017 and $418,600 in 2018.The year- to-year $\bold{\text{percent change}}$ in net income is:

• A)15%.
• B)$54,600.
• C)87%.
• D)13%. (418600-364000)/364000 = 15%.

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Definitions:

Customer Needs

Refers to the wants and desires that a customer expects a product or service to satisfy.

Efficiency Team

A group of individuals working together to optimize processes, reduce waste, and improve overall performance in an organization.

Similar Tasks

Tasks that share common characteristics, requirements, or objectives, making them comparable in nature.

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To organize and align activities or tasks among individuals or groups for efficient and effective achievement of a common goal.