When Computing Trend Percentages

question 93

Multiple Choice

When computing trend percentages:

• A)the base year is always equal to 100%.
• B)the base year is always the latest year.
• C)the current year is always equal to 100%.
• D)both B and C are correct.

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Definitions:

Service Department

A division within a company that provides support services to the company's main operations, such as IT, maintenance, or human resources.

Sales Department

The division of a business that is responsible for selling products or services and generating revenue.

Expense Allocation

The process of distributing or assigning costs to different departments, projects, or cost centers within an organization.

Profit Margin

A financial metric used to assess a company's profitability by calculating the ratio of net income to revenue.