Answered: If sales are $1,150,000 in 2022 and…

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If sales are $1,150,000 in 2022 and this represents a 15% increase over sales in 2021, what were sales in 2021?

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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If sales are $1,150,000 in 2022 and this represents a 15% increase over sales in 2021, what were sales in 2021?

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