Question and answer
If Soule Company had net income of $585,000 in 2011 and it experienced a 30% increase in net income over 2010, what was its 2010 net income? $ Click here if you would like to Show Work for this
question
If the 2011 income of $585,000 is a 30% increase over 2010 income, the income for 2010 was $450,000. 1.3x = 585000 x = 585000/1.3 x = 450000
Get an answer
Original conversation
User: If Soule Company had net income of $585,000 in 2011 and it experienced a 30% increase in net income over 2010, what was its 2010 net income? $ Click here if you would like to Show Work for this question



Weegy: The 2010 income would be: $760,500. [585 000 + (585 000 x .30) = 760 500]
Expert answered|patmarone|Points 3997|

Question
Asked 3/10/2012 10:36:51 AM
Updated 3/11/2012 11:21:39 AM
2 Answers/Comments
This conversation has been flagged as incorrect.
New answers
Rating
3
If the 2011 income of $585,000 is a 30% increase over 2010 income, the income for 2010 was $450,000.
1.3x = 585000
x = 585000/1.3
x = 450000
Added 3/10/2012 11:00:42 AM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by andrewpallarca [4/1/2014 8:33:52 AM]
Comments
Oops, you are correct there deb. For some reason, I thought 2011 was 2009. Sorry for that. And thanks! :)
Added 3/11/2012 11:21:39 AM
Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
Horizontal analysis (trend analysis) percentages for Epstein Company's sales, cost of goods sold, and expenses are shown below. Horizontal Analysis 2011 2010 2009 Sales 96.2 106.8 100.0 Cost of goods sold 102.0 97.0 100.0 Expenses 109.6 98.4 100.0 Did Epstein's net income increase, decrease, or remain unchanged over the 3-year period? From 2009 to 2010 increaseddecreasedremain unchanged From 2010 to 2011 increasedremain ...
Question
Not Answered
Updated 3/10/2012 12:32:24 PM
2 Answers/Comments
[Deleted]
Added 3/10/2012 12:30:35 PM
This answer has been added to the Weegy Knowledgebase
Epsteins' net income from 2009 to 2010, is a negative growth income. This means that the company did not earn form the operation but company loses is lower as compared to the previous year(2009).

Answer: Increase



Epsteins' net income from 2010 to 2011, it is still a negative growth in income but this time, loses from the operations is higher compared to the previous year (2010)

Answer Decrease
Added 3/10/2012 12:32:52 PM
20,191,082 questions answered
Popular Conversations
MyPlate was created to __________.
3/30/2015 1:01:53 PM| 4 Answers
Solve the inequality 9(x - 3) 13/5 x 67/5
Weegy: 9(x - 3) User: Solve the inequality 8(x + 1) > 7(x + 2). x -22 x 6 Weegy: 8(x + 1) > 7(x + 2) 8x + 8 > 7x ...
3/31/2015 6:43:39 AM| 4 Answers
eukaryotes User: prokaryotes
Weegy: The answer is A. The origin of cell membranes, it cannot be any other listed. Anything else? User: Which kinds ...
3/30/2015 5:09:22 PM| 3 Answers
Solve. –5(1 – 5x) + 5(–8x – 2) = –4x – 8x
Weegy: –5(1 – 5x) + 5(–8x – 2) = –4x – 8x; -5 + 25x - 40x - 10 = -12x; -5 - 15x - 10 = -12x; -15 - 15x = -12x; ...
3/31/2015 8:56:36 AM| 3 Answers
Which is a part of the female part of the ...
Weegy: b
3/31/2015 9:03:40 AM| 3 Answers
A good political speech, according to the lecture, is a ...
Weegy: b. long User: For political speeches, it is suggested that you tell the audience what the main message of the ...
3/30/2015 12:01:14 AM| 2 Answers
What is anxiety disorder?
3/30/2015 12:22:28 AM| 2 Answers
Weegy Stuff
S
L
P
L
P
P
P
Points 1274 [Total 9160]| Ratings 0| Comments 1274| Invitations 0|Offline
S
1
L
Points 671 [Total 1582]| Ratings 6| Comments 611| Invitations 0|Offline
S
L
Points 567 [Total 1072]| Ratings 10| Comments 457| Invitations 1|Offline
S
P
C
L
P
L
1
P
Points 542 [Total 7849]| Ratings 8| Comments 462| Invitations 0|Offline
S
1
L
L
Points 486 [Total 7987]| Ratings 0| Comments 486| Invitations 0|Offline
S
L
Points 423 [Total 1545]| Ratings 2| Comments 403| Invitations 0|Offline
S
Points 283 [Total 283]| Ratings 2| Comments 263| Invitations 0|Online
S
Points 199 [Total 567]| Ratings 3| Comments 169| Invitations 0|Offline
S
Points 42 [Total 158]| Ratings 4| Comments 2| Invitations 0|Offline
S
Points 35 [Total 126]| Ratings 0| Comments 35| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2015 Purple Inc.