Question

what is the base of a sales trend analysis

what is the base of a sales trend analysis

Homework Answers

Answer #1

Base of trend analysis refers to the year which one is putting as a base or we can say standard for comparing the further year Trend.

Percentage of Base year is always taken as 100. The remaning years are then analysed upon the Base year decided.

for e.g. Let For Sales Trend Analysis following sale data provided

2014- $50,000 2015-$60000 2016-$45,000 (Base year is 2014)

Thus on the basis of base year given sale of 2015 & 2016 will be compared. i.e Base year is 100, the 2015 shows 20% rise so 120. similarly 2016 show downfall by 10% compare to 2014 so 90.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
What is trend analysis in safety of apendectomy in relation to Principles of Health Services?
What is trend analysis in safety of apendectomy in relation to Principles of Health Services?
In trend analysis, of what amount is each item expressed as a percentage? Select one: A....
In trend analysis, of what amount is each item expressed as a percentage? Select one: A. Average total assets B. A base year amount C. Net income D. Sales revenue A single-step income statement for a merchandising firm: Select one: A. Shows a different net income amount than a multiple-step income statement B. May not be used because it is an unacceptable reporting format C. Does not show a gross profit on sales amount D. None of the above On...
Computation and analysis of trend percents LO P1 2017 2016 2015 2014 2013 Sales $ 282,880...
Computation and analysis of trend percents LO P1 2017 2016 2015 2014 2013 Sales $ 282,880 $ 270,800 $ 252,600 $ 234,560 $ 150,000 Cost of goods sold 128,200 122,080 115,280 106,440 67,000 Accounts receivable 18,100 17,300 16,400 15,200 9,000
Colleen Waite, Director of General Canadian Sales, is concerned by a downward sales trend. Specifically, their...
Colleen Waite, Director of General Canadian Sales, is concerned by a downward sales trend. Specifically, their customer base is stable at 2,200, but they are purchasing less each year. She orders her staff to search for causes of the downward trend by selecting a focus group of 50 customers. Multiple choice. *The focus group of 50 customers represents a sample. *The focus group of 50 customers represents a population. *The focus group of 50 customers represents an inferential statistic. *The...
Colleen Waite director of general Canadian sales, is concerned by a downward sales trend, specifically their...
Colleen Waite director of general Canadian sales, is concerned by a downward sales trend, specifically their customer base is stable at 2200, but they are purchasing less each year. She orders her staff to search for causes of the downward trend by selecting a focus group of 50 customers. 1. The focus group of 50 customers represents a sample. 2. The focus group of 50 customers represents a population 3.The focus group of 50 customers represents a inferential statistic. 4....
1 Trend analysis [5–10 min] Mariner, Corp., reported the following revenues and net income amounts: (In...
1 Trend analysis [5–10 min] Mariner, Corp., reported the following revenues and net income amounts: (In millions) 2013 2012 2011 2010 Revenue .............................. $9,910 $9,700 $9,210 $9,110 Net income.......................... 7,475 7,400 5,495 4,690 Requirements: 1. Calculate Mariner’s trend analysis for revenues and net income. Use 2010 as the base year, and round to the nearest percent. 2. Which measure increased faster during 2011–2013?
1. The trend for cost of goods sold is increasing as a percentage of sales and...
1. The trend for cost of goods sold is increasing as a percentage of sales and the trend for total marketing costs as a percentage of sales is decreasing. What does this suggest to the company CEO? 2. What does the following scenario suggest to a company CEO? Sales in units is increasing and average price is decreasing. Net operating income is decreasing.
Trend Analysis: Using appropriate regression model Determine the long-term trend of the selected variable. In addition,...
Trend Analysis: Using appropriate regression model Determine the long-term trend of the selected variable. In addition, illustrate graph of actual series and predicted trend model on same plot. Comment on long-term trend based on your findings. Report your finding as follows:               Model 1 Coefficient of Intercept 2 standard error of intercept 3 Coefficient of X 4 (standard error of Coefficient of X) 5 r-square 6 t- stat of Coefficient of X 7 (P –value of Coefficient of X) 3. Cyclical...
How does trend analysis supplement the basic financial ratio calculations and their interpretation?
How does trend analysis supplement the basic financial ratio calculations and their interpretation?
2019 2018 2017 2016 Net Sales Revenue $    766,000 $   708,000 $   644,000 $664,000 Net Income...
2019 2018 2017 2016 Net Sales Revenue $    766,000 $   708,000 $   644,000 $664,000 Net Income 60,000 38,000 36,000 44,000 Ending Common Stockholder’s equity 368,000 352,000 326,000 296,000 Net sales​ revenue, net​ income, and common​ stockholders' equity for EyesightEyesight Mission​ Corporation, a manufacturer of contact​ lenses, follow for a​ four-year period Compute trend analyses for each item for 2017—2019. Use 2016 as the base​ year, and round to the nearest whole percent. Begin by computing Eyesight Mission​ Corporation's trend analysis...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT