Net Income Was $418,600 in 2011 and $364,000 in 2012

question 75

Multiple Choice

Net income was $418,600 in 2011 and $364,000 in 2012.The year-to- year dollar change in net income is:

• A)15%.
• B)87%.
• C)$54,600.
• D)$418,600.

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Definitions:

Due Date

The specific date by which a task must be completed or a payment must be made to avoid penalties.

Computing Interest

The process of calculating the interest payment on a loan or investment based on the principal amount, rate, and time.

Maturity Date

The specified date on which the final payment of a loan, bond, or other financial instrument is due to be paid.

Issue Date

The date on which a financial instrument or document, such as a bond or a check, is issued and becomes effective.