For the Following Financial Statement Items,calculate Trend Percentages Using Year

question 92

Essay

For the following financial statement items,calculate trend percentages using Year 1 as the base year:
$$\begin{array} { l r r r r r } & \text { Year 5 } & \text { Year 4 } & \text { Year 3 } & \text { Year 2 } & \text { Year 1 } \\\text { Sales } & \$ 1,195,400 & \$ 1,118,000& \$ 1,049,000 & \$ 963,200 & \$ 860,000 \\\text { Cost of sales } & 752,400& 704,000& 671,000 & 616,700 & 559,000\\\text { Gross profit } & \$ 443,000 & \$ 414,000 & \$ 378,000 & \$ 346,500 & \$ 301,000\end{array}$$

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Definitions:

Secondary Groups

Larger, more impersonal groups in which relationships are temporary and goal-oriented.

Social Networks

The webs of relationships and connections among individuals or organizations, facilitating communication and interaction.

Deindividuation

A psychological state where an individual loses self-awareness and personal responsibility in groups, often leading to unprecedented behaviors.

Primary Groups

Primary groups are small social groups whose relationships are personal, close, and enduring, such as families or close friend groups, and are fundamental in shaping social identity and socialization.