Question: If Year 1 sales equal $ 910 , Year 2 sales equal $ 1365 , and Year 3 sales equal $ 1040 , the percentage

If Year 1 sales equal $910, Year 2 sales equal $1365, and Year 3 sales equal $1040, the percentage to be assigned for Year 2 in a trend analysis, assuming that Year 1 is the base year, is

76%.
114%.
150%.
67%.

Step by Step Solution

★★★★★

3.52 Rating (149 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Correct option is 150 3rd option is correct Cotect option is ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Jason Naught is the designated auditor of Leave-it-out (Pty) Ltd. The financial director of the company asked Jason not to provide a written audit report for the current year-end audit. He would...

1 Variable costs as a percentage of sales for Lemon Inc. are 80%, current sales are $600,000, and fixed costs are $130,000. How much will operating income change if sales increase by $40,000? 2 If...

If a firms annual sales are $200 million, what percentage of sales should be spent on quality costs? Suppose that the firm is spending 18 percent of sales on quality costs. What is the potential...

Question 1 A transaction that is material in amount, unusual in nature, but not infrequent in occurrence should be presented separately as a (an) Component of income from continuing operations, but...

Target Corporation: Create Eval financial forecast excel and Word document , please follow these example file Explain why the principal values of calculating financial ratios are to make comparisons...

1. Prepare a written analysis of the financial ratios of the company Walmart.. This must include trend analysis (historical and projected) and comparative analysis (cross-sectional or industry). The...

If Year 1 sales equal $770, Year 2 sales equal $862, and Year 3 sales equal $924, the % to be assigned for Year 3 in a trend analysis, assuming that Year 1 is the base year, is: 120% 83% 107% 112%

If Year 1 sales equal $750, Year 2 sales equal $840, and Year 3 sales equal $900, the percentage to be assigned for Year 3 in a trend analysis, assuming that Year 1 is the base year, is A.120%....

1 | Week 8: Quiz X WP NWP Assessment Player UI X Grades for Aaron Hoffman X SAPA Citation Generator (Fri X ) Log In | Federal Student Ai X USAJOBS - The Federal Go x | Koontz Chiropractic - Goos X D...

Sales of Hot-Blast heaters have grown steadily during the past five years, as shown in the following table: YEAR SALES 1 480 2 525 3 548 4 593 5 614 (a) Using exponential smoothing constants of...

katie starts a pet grooming business and invests 560 in equipment and supplies. She charges 30 for each grooming service and the cost of supplies for each service is 2. How many grooming services...

During the current year, a large chain of auto mechanic shops adopted the policy of expensing small tools costing less than $100 as soon as they are acquired. In previous years, the company had...

l n 2 l n 5 e y 5 8 y d x d y

Certain liability and net worth items generally increase spontaneously with increases in sales. Put a check (=) by those items that typically increase spontaneously: Mortgage bonds Common stock...

Suppose a firm makes the policy changes listed below. If a change means that external, nonspontaneous financial requirements (AFN) will increase, indicate this by a (+); indicate a decrease by a (?);...

Suppose you have a chess program that can evaluate 1 million nodes per second. Decide on a compact representation of a game state for storage in a transposition table. About how many entries can you...

The following data were obtained from a study of the times required to conduct a consumer test panel study: Costs are given in thousands of dollars, time in weeks. (a) Find the all-normal schedule...

Given the following project (all times are in days): (a) Draw the network and find the critical path, time, and cost for an all-normal level of project activity. (b) Calculate the crash cost-per-day...

create a title using the following: Crime Prevention through Environmental Design/Situational Crime Prevention in West Adams, Los Angeles

Mortonsen Corporation has collected the following information after its first year of sales. Net sales were $2,000,000 on 100,000 units; selling expenses $400,000 (30% variable and 70% fixed); direct...

Pan Corporation acquired an 85 percent interest in Sly Corporation on August 1, 2011, for $522,750, equal to 85 percent of the underlying equity of Sly on that date. In August 2011, Sly sold...

1. A company shows the following unit costs for its product: Direct materials ....$40 Direct labor ......30 Variable overhead ...2 Fixed overhead ....5 The company started the year with 8,000 units...

Singleton Supplies Corporation (SSC) manufactures medical products for hospitals, clinics, and nursing homes. SSC may introduce a new type of X-ray scanner designed to identify certain types of...

14. What are the functions of the prefrontal cortexpg109

22. How do opiates influence dopamine synapsespg109