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
19,735,937 questions answered
Popular Conversations
Evaluate the following expression. (81)0 0 1 8 User: ...
Weegy: Answer : If m=2 and n= -1 To evaluate m0 - n2 is 2(0) - -1 (2) = 0 - -2 = =+2 or simply 2 User: Evaluate the ...
3/2/2015 11:47:48 AM| 6 Answers
Simplify 7 · 6 · 2h · d.
Weegy: Please state your question again. The one that you have put cannot be understood by Weegy! User: Simplify 7 · ...
3/2/2015 1:02:06 PM| 5 Answers
Solve. -6b = -15
Weegy: -6b = -15 15 - 6b = 0 b = 5/2 User: Fill in the blank with the appropriate number. ____ - 39 = ...
3/1/2015 7:14:02 PM| 3 Answers
Describe the location of the point that has the following ...
Weegy: First Quadrant. User: Find the value of 7 + 32 (-5 + 1) ÷ 2. User: What is the fractional equivalent of ...
3/2/2015 10:04:10 AM| 3 Answers
-6 + (-2)
Weegy: (-6)^-2 = 1/(-6)^2; = 1/36 User: 2/5*2/5
3/1/2015 7:42:50 PM| 2 Answers
Because the soil was depleted during the time of the Dust Bowl many ...
Weegy: moved westward to coastal states User: How did environmental changes in the Great Plains lead to changes in ...
3/1/2015 8:28:08 PM| 2 Answers
(b3)2
Weegy: B3 was an American pop boy band from New York. They were formed in 2001 and were first produced by O-Jay of ...
3/2/2015 10:45:03 AM| 2 Answers
Weegy Stuff
S
L
P
L
P
P
Points 105 [Total 7991]| Ratings 0| Comments 105| Invitations 0|Offline
S
1
L
1
L
P
P
L
P
P
P
Points 67 [Total 16982]| Ratings 0| Comments 67| Invitations 0|Offline
S
1
L
L
Points 41 [Total 7542]| Ratings 0| Comments 41| Invitations 0|Offline
S
P
C
L
P
L
1
Points 31 [Total 7338]| Ratings 0| Comments 31| Invitations 0|Offline
S
Points 13 [Total 104]| Ratings 0| Comments 13| Invitations 0|Offline
S
Points 10 [Total 378]| Ratings 0| Comments 10| Invitations 0|Online
Points 0 [Total 0]| Ratings 0| Comments 0| Invitations 0|Offline
Points 0 [Total 0]| Ratings 0| Comments 0| Invitations 0|Offline
S
Points 0 [Total 0]| Ratings 0| Comments 0| Invitations 0|Offline
S
Points 0 [Total 0]| Ratings 0| Comments 0| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.