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Question 4 (2 points) Saved The hand sanitizer business was booming in 2020. Whereas the industry made $200 million in 2019, this number jumped to $1.4 billion in 2020. Industry analysts suggest that the same percent change happened for multi-purpose cleaners between 2019 and 2020. If the total revenue made by the multi-purpose cleaner industry was $3.5 billion in 2020, what was the revenue made by this industry in 2019? $500 million $800 million $400 million $600 million

          Question 4 (2 points)
Saved
The hand sanitizer business was booming in 2020. Whereas the industry made $200 million in 2019, this number jumped to $1.4 billion in 2020. Industry analysts suggest that the same percent change happened for multi-purpose cleaners between 2019 and 2020. If the total revenue made by the multi-purpose cleaner industry was $3.5 billion in 2020, what was the revenue made by this industry in 2019?
$500 million
$800 million
$400 million
$600 million

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Question 4 (2 points)
Saved
The hand sanitizer business was booming in 2020. Whereas the industry made 200 million in 2019, this number jumped to1.4 billion in 2020. Industry analysts suggest that the same percent change happened for multi-purpose cleaners between 2019 and 2020. If the total revenue made by the multi-purpose cleaner industry was 3.5 billion in 2020, what was the revenue made by this industry in 2019?500 million
800 million400 million
600 million

Added by Kayla M.

Horngren’s Cost Accounting

Srikant M. Datar, Madhav V. Rajan 16th Edition

Instant Answer

Solved by Expert Chareen Guzman

02/06/2024

Step 1

Percent change = ((New revenue - Old revenue) / Old revenue) * 100 Percent change = (($1.4 billion - $200 million) / $200 million) * 100 Percent change = ($1.2 billion / $200 million) * 100 Percent change = 6 times or 600% Show more…

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Question 4 (2 points) The hand sanitizer business was booming in 2020 . Whereas the industry made $200 million in 2019 , this number jumped to $1.4 billion in 2020 . Industry analysts suggest that the same percent change happened for multi-purpose cleaners between 2019 and 2020 . If the total revenue made by the multi-purpose cleaner industry was $3.5 billion in 2020, what was the revenue made by this industry in 2019? $500 million $800 million $400 million $600 million Question 4(2 points) Saved The hand sanitizer business was booming in 2020.Whereas the industry made S200 million in 2019,this number jumped to $1.4 billion in 2020. Industry analysts suggest that the same percent change happened for multi-purpose cleaners between 2019 and 2020.If the total revenue made by the multi-purpose cleaner industry was $3.5 billion in 2020,what was the revenue made by this industry in 2019? $500million $800 million $400 million $600 million

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