Prepare a Trend Analysis of the Following Data,using Year 1

question 144

Essay

Prepare a trend analysis of the following data,using Year 1 as the base year.Place your answers in the chart provided.Comment on the trend.
$$\begin{array} {| l r r r |} \hline& \text { Year 3 } & \text { Year 2 } & \text { Year 1 } \\\text { Net sales } & \mathbf { 3 2 4 , 0 0 0 } & \mathbf { \$ 3 0 , 0 0 0 } & \mathbf { 3 0 0 , 0 0 0 } \\\text { Net incame } & 33,000 & 31,800 & 30,000\\\hline\end{array}$$
$$\begin{array} { | l | c | c | c | } \hline & \text { Year 3 } & \text { Year 2 } & \text { Year 1 } \\\text { Net sales }\\\text { Net income } & & & \\\hline\end{array}$$

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Definitions:

Total Revenue

The total amount of money received by a company for goods sold or services provided during a specific period; calculated as the quantity sold multiplied by the sale price.

Output Produced

The total quantity of goods and services produced by a firm or economy over a specific period.

Barriers to Entry

Obstacles that make it difficult for new competitors to enter a market, including high startup costs, strict regulations, and strong brand loyalty among consumers.

Perfectly Competitive Markets

A market structure characterized by a large number of small firms, a homogeneous product, perfect information, and easy entry and exit from the market.