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
25,357,664 questions answered
Popular Conversations
What is sfumato?
5/28/2016 9:44:10 AM| 2 Answers
The main purpose of a budget is to
5/28/2016 9:20:36 PM| 2 Answers
An acceptance is complete and effective only when it has been- - ...
Weegy: An acceptance is complete and effective only when it has been communicated to the offerer.
5/28/2016 11:54:15 PM| 2 Answers
coercive
Weegy: The Coercive Acts were meant to reverse the trend of colonial resistance but actually provoked higher levels of ...
5/29/2016 3:19:03 AM| 2 Answers
Which of the following statements does NOT describe how teens can ...
Weegy: In order to gain the maximum benefits from an exercise program, you should include both cardiovascular training ...
5/29/2016 9:17:54 AM| 2 Answers
The wicked witch and the big bad wolf are examples of A. ...
Weegy: A. Dynamic Characters, characters you know and love from fictional stories. User: If an author wanted to ...
5/29/2016 11:33:48 AM| 2 Answers
Simplify -7 + [5 + (-12)÷3] -6 -34/3 -8
5/28/2016 1:03:54 AM| 1 Answers
Weegy Stuff
S
Points 713 [Total 713] Ratings 10 Comments 593 Invitations 2 Offline
S
Points 699 [Total 699] Ratings 13 Comments 569 Invitations 0 Offline
S
Points 643 [Total 643] Ratings 0 Comments 643 Invitations 0 Offline
S
1
L
L
P
R
P
L
P
P
R
Points 295 [Total 12547] Ratings 2 Comments 275 Invitations 0 Offline
S
L
P
P
P
Points 166 [Total 3543] Ratings 0 Comments 166 Invitations 0 Offline
S
Points 38 [Total 107] Ratings 0 Comments 38 Invitations 0 Offline
S
Points 12 [Total 12] Ratings 1 Comments 2 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
S
L
Points 7 [Total 4099] Ratings 0 Comments 7 Invitations 0 Offline
S
Points 6 [Total 6] Ratings 0 Comments 6 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.