Connie's Specialties Inc. offers exclusive interior design services. The following revenue information was determined from Connie's records.Current YearPrior YearConsultation services$1,000,000$ 800,000Design services1,800,0001,500,000Using a horizontal analysis, which is correct?

Question

Connie's Specialties Inc. offers exclusive interior design services. The following revenue information was determined from Connie's records.​Current YearPrior YearConsultation services$1,000,000$ 800,000Design services1,800,0001,500,000​Using a horizontal analysis, which is correct?

Quizplus · Accepted Answer

The increase in consultation services revenue from $800,000 to $1,000,000 represents a 25% increase.