In a comparative balance sheet,the ending Cash for 2015 was $315,000 and is $262,395 for 2016.The net increase or decrease from 2015 to 2016 is:
A)86.0%.
B)14.3%.
C)26.4%.
D)(16.7%).

Question

Quizplus · Accepted Answer

The formula for calculating percentage increase or decrease is:

Percentage increase or decrease = (Difference / Initial value) x 100

Using the formula, we get:

Difference = Ending value - Beginning value

For the ending cash in 2015 and 2016, the difference is:

Difference = $262,395 - $315,000 = -$52,605 (negative because there is a decrease)

To calculate the percentage change, we need to divide this difference by the beginning value (which is the ending cash in 2015) and multiply by 100:

Percentage decrease = (-$52,605 / $315,000) x 100 = -16.7%

Therefore, the net decrease from 2015 to 2016 is 16.7%. The best choice is D.

In a Comparative Balance Sheet,the Ending Cash for 2015 Was