Question

If Year 1 sales equal $900, Year 2 sales equal $1008, and Year 3 sales equal $1170, the percentage to be assigned for Year 2 in a trend analysis, assuming that Year 1 is the base year, is 112%. 130%. 116%. 89%.

Answer 1

The percentage to be assigned for Year 2 in a trend analysis, assuming that Year 1 is the base year, is 112%

Step-by-step explanation:

In order to calculate the percentage to be assigned for Year 2 in a trend analysis, assuming that Year 1 is the base year, we would have to make the following calculation:

Year 2 trend analysis % = $ 1,008 sale in Year 2 / $ 900 Year 1 sale

Year 2 trend analysis % = $1,008 / $900

Year 2 trend analysis %= 112%

The percentage to be assigned for Year 2 in a trend analysis, assuming that Year 1 is the base year, is 112%