If Year 1 equals $1,400, Year 2 equals $1,554, and Year 3 equals $1,750, the index number to be assigned for Year 3 in trend analysis, assuming that Year 1 is the base year, is

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Quizplus · Accepted Answer

The index number for Year 3 is calculated by taking the value for Year 3 ($1,750), dividing it by the base year's value (Year 1, $1,400), and then multiplying by 100 to convert it into an index. This calculation is: ($1,750 / $1,400) * 100 = 125.

If Year 1 Equals $1,400, Year 2 Equals $1,554, and Year