If Year 1 equals $700, Year 2 equals $784, and Year 3 equals $883, the percentage to be assigned for Year 2 in a trend analysis, assuming that Year 1 is the base year, is A. 93%. B. 126%. C. 112%. D. 113%.
Added by Ashlee K.
Step 1
Now, we need to assign a percentage to Year 2 based on Year 1 as the base year. This percentage represents the trend or growth rate from Year 1 to Year 2. To do this, we add 100% to the percentage change: Percentage trend = 100% + 12% = 112% Show more…
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