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lys-0071 [83]
3 years ago
5

Yeats Corporation's sales in Year 1 were $396,000 and in Year 2 were $380,000. Using Year 1 as the base year, the percent change

for Year 2 compared to the base year is
Business
1 answer:
Ahat [919]3 years ago
3 0

Answer:

Yeats Corporation

The percent change for Year 2 compared to the base year is -4.04%

Explanation:

a) Calculations:

Year 1 Sales = $396,000

Year 2 Sales = $380,000

Reduction = $16,000

Percentage reduction = $16,000/$396,000 x 100 = 4.04%

This is a reduction, and it is negative.

b) The change in sales is calculated as the difference between year 1 and year 2 sales over the sales in year 1 multiplied by 100.  This is expressed as a percentage by the multiplication by 100.  The percent change describes the relationship between the sales figure in year 1 and the sales figure in 2.  When calculated as above, it shows that sales reduced in year 2 by 4.04% from the sales in year 1.

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