Asked by Jacob Rucker on May 04, 2024
Verified
Assume the following sales data for a company:?? Current year $325,000 Preceding year 250,000\begin{array} { l r } \text { Current year } & \$ 325,000 \\\text { Preceding year } & 250,000\end{array} Current year Preceding year $325,000250,000 What is the percentage increase in sales from the preceding year to the current year?
A) 70%
B) 76.9%
C) 30%
D) 50%
Percentage Increase
A measure that calculates the growth of a value over a period as a proportion of the earlier value, often expressed as a percentage.
Sales Data
Information and records of the quantity, price, and terms of sales transactions, used for analysis and business planning.
Preceding Year
The year that directly comes before the current year, often used as a reference point for financial analysis or comparison.
- Detect and evaluate sequences in financial statistics over periods.
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Learning Objectives
- Detect and evaluate sequences in financial statistics over periods.
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