If total current assets are $140,000 at the end of Year 1, increase by $50,000 by the end of Year 2, and increase by $50,000 in Year 3, the percentage increase over the preceding year is less in Year 3 than in Year 2.

Question

30-11-2019
Business

contestada

If total current assets are $140,000 at the end of Year 1, increase by $50,000 by the end of Year 2, and increase by $50,000 in Year 3, the percentage increase over the preceding year is less in Year 3 than in Year 2.

Respuesta :

Otras preguntas

What has changed in the ways that we think about the thinking of babies in the last twenty years?

Which title does the leader of the house of representatives hold Clerk of the house Speaker of the house Chairman of the house President of the house

going to a concert, getting a haircut, and going to the doctors are examples of

Do anybody know this?

What led to the shift of power away from Rome, the seat of the Catholic Church?

Where are the Atlas Mountains located in Africa? northwest southwest northeast southeast

"Remember, Gawain, to get ready for what you agreed to, And search carefully, knight, until you find me As you have sworn to do in this hall where these knights

Solve for w. 6+(w−10)=5

Which of these would best limit the problems outlined in the excerpt from the anti-federalist papers seen here

Which of the following should you ask yourself when analyzing structure?

stokholm stokholm · Answer 1 · 2019-12-02T09:45:32+01:00

Answer:

True

Explanation:

As the assets increase by $50,000 in year 2 on the basis of $140,000

The percentage increase = $50,000/$140,000 = 35.71%

In the year 3, the basis will be $140,000 + $50,000 (increase in year 2) = $190,000

Thus, in the year 3 the percentage increase in assets = $50,000/$190,000 = 26.32%

This clearly shows that the percentage increase is more in Year 2 than year 3, because the increase value is same but the basis has increased for Year 3, which is in denominator.