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
Ask a question
Not a good answer? Get an answer now. (FREE)
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
Business and Money|No Subcategories|Not Answered
Updated 3/10/2012 12:32:24 PM
2 Answers/Comments
[Deleted]
Added 3/10/2012 12:30:35 PM
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
Home | Contact | Terms | Privacy | Social | ©2013 Purple Inc.
Ad
Popular Conversations
One number is 7 more than twice another. If their difference is 22, ...
Weegy: One number is 9 more than twice another. If their difference is 22, what is the larger number? answer is 37. ...
4/18/2014 11:15:41 AM| 5 Answers
which life stage does nutritional issue might cause the most problems ...
Weegy: Malnutrition is a common problem in cancer patients that has been relief from nutrition impact symptoms and ...
4/19/2014 1:18:55 AM| 5 Answers
Find the excluded value of the rational expression 2x + 6 4x – 8 ...
Weegy: D. 2 User: Multiply. State the Excluded value 5/2a x 3/a^2 Weegy: B.15/2a^3 where a =0 User: Multiply. ...
4/18/2014 2:09:56 PM| 3 Answers
write 13.7 as a percent
4/18/2014 3:58:02 PM| 3 Answers
write 0.0053 as a percent
4/18/2014 4:31:03 PM| 3 Answers
genetic code
Weegy: Please ask your question about genetics. User: The Challenger was the first space shuttle.
4/18/2014 8:40:33 AM| 2 Answers
A substance that yields a cation plus the hydroxyl ion in water is ...
Weegy: In chemical terms, if a neutral atom loses one or more electrons, it has a net positive charge and is known as a ...
4/18/2014 4:17:24 PM| 2 Answers
Weegy Stuff
S
L
P
C
L
P
C
Points 1491 [Total 6878]| Ratings 0| Comments 1491| Invitations 0|Offline
S
L
P
C
P
C
1
L
P
C
Points 1441 [Total 9322]| Ratings 0| Comments 1441| Invitations 0|Offline
S
1
L
1
L
P
Points 465 [Total 7142]| Ratings 1| Comments 455| Invitations 0|Offline
S
L
Points 379 [Total 2826]| Ratings 2| Comments 349| Invitations 1|Online
S
Points 149 [Total 565]| Ratings 0| Comments 149| Invitations 0|Offline
S
1
Points 138 [Total 468]| Ratings 3| Comments 108| Invitations 0|Offline
S
Points 123 [Total 767]| Ratings 1| Comments 113| Invitations 0|Offline
S
Points 121 [Total 121]| Ratings 5| Comments 51| Invitations 2|Online
S
R
Points 120 [Total 232]| Ratings 5| Comments 60| Invitations 1|Offline
S
P
C
L
P
Points 76 [Total 3921]| Ratings 0| Comments 76| Invitations 0|Offline