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Yearly General Financial Records
2023- 2024 (prior to accounting)
Sum of Net Income for 2023-2024 thus far: 194,204
194,204
Table
Date
Gross Income
Expenses
Net Income
Notes
9/17/2023
5,300
9/24/2023
6,350
10/1/2023
10/8/2023
4,665
10/15/2023
2,420
10/22/2023
6,500
10/29/2023
6,450
11/5/2023
4,150
11/10/2023
17,188
11/12/2023
2,570
11/19/2023
9,400
11/26/2023
7,300
12/3/2023
6,500
12/10/2023
5,843
12/17/2023
9,007
12/24/2023
2,050
End of 2023
1/7/2024
1/14/2024
1/21/2024
2,600
1/28/2024
2/4/2024
5,800
2/11/2024
2,350
There are no rows in this table
194,204
Sum
Table 7
Rate of Change
Formula
Average Growth Rate=(∏i=1n(1+ri))n1−1
Where ri is the rate of change for each period, and n is the number of periods (15 weeks).
Let's calculate this step by step:
1.19811321×1×0.73464567×0.5187567×2.68595041×0.99230769×0.64341085×4.14168675×0.14952292×3.65758755×0.77659574×0.89041096×0.89892308×1.541502651.19811321 \times 1 \times 0.73464567 \times 0.5187567 \times 2.68595041 \times 0.99230769 \times 0.64341085 \times 4.14168675 \times 0.14952292 \times 3.65758755 \times 0.77659574 \times 0.89041096 \times 0.89892308 \times 1.541502651.19811321×1×0.73464567×0.5187567×2.68595041×0.99230769×0.64341085×4.14168675×0.14952292×3.65758755×0.77659574×0.89041096×0.89892308×1.54150265
(product of growth factors)115\left( \text{product of growth factors} \right)^{\frac{1}{15}}(product of growth factors)151
The average growth rate over the 15 weeks is approximately 3.86%. This rate represents the average weekly growth rate of your net income over the given period
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