A company's revenue was $750,000 in 2020, $680,000 in 2021, and $790,000 in 2022. Calculate the percentage change from (a) 2020 to 2021 and (b) 2021 to 2022. Indicate whether each change is an increase or decrease.
A company's revenue was $750,000 in 2020, $680,000 in 2021, and $790,000 in 2022. Calculate the percentage change from (a) 2020 to 2021 and (b) 2021 to 2022. Indicate whether each change is an increase or decrease.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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![A company's revenue was $750,000 in 2020, $680,000 in 2021, and
$790,000 in 2022. Calculate the percentage change from (a) 2020 to
2021 and (b) 2021 to 2022. Indicate whether each change is an
increase or decrease.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F42013f8d-d2d3-4b80-ba02-68750b7ef79f%2F0000c967-b589-4628-bee3-252ffe211a24%2Fcb6ap6g_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A company's revenue was $750,000 in 2020, $680,000 in 2021, and
$790,000 in 2022. Calculate the percentage change from (a) 2020 to
2021 and (b) 2021 to 2022. Indicate whether each change is an
increase or decrease.
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