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Gerard Company reported sales of $300,000 for 2006, $330,000 for 2007, and $360,000 for 2008. If the company uses 2006 as the base year, what were the percentage increases for 2001 and 2008 compared to the base year? a. 10% for 2007 and 10% for 2008 b. 120% for 2007 and 120% for 2008 c. 110% for 2007 and 110% for 2008 d. 10% of or 2007 and 20% for 2008

Gerard Company reported sales of $300,000 for 2006, $330,000 for 2007, and $360,000 for 2008. If the company uses 2006 as the base year, what were the percentage increases for 2001 and 2008 compared to the base year? a. 10% for 2007 and 10% for 2008 b. 120% for 2007 and 120% for 2008 c. 110% for 2007 and 110% for 2008 d. 10% of or 2007 and 20% for 2008

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Accounting Gerard company reported sales of..

Gerard Company reported sales of $300,000 for 2006, $330,000 for 2007, and $360,000 for 2008. If the company uses 2006 as the base year, what were the percentage increases for 2001 and 2008 compared to the base year? a. 10% for 2007 and 10% for 2008 b. 120% for 2007 and 120% for 2008 c. 110% for 2007 and 110% for 2008 d. 10% of or 2007 and 20% for 2008
Transcribed Image Text:Gerard Company reported sales of $300,000 for 2006, $330,000 for 2007, and $360,000 for 2008. If the company uses 2006 as the base year, what were the percentage increases for 2001 and 2008 compared to the base year? a. 10% for 2007 and 10% for 2008 b. 120% for 2007 and 120% for 2008 c. 110% for 2007 and 110% for 2008 d. 10% of or 2007 and 20% for 2008
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