Question
21. Use the following information to answer the questions. (8 points) Year Revenue 2016 4,500 2017 4,800 2018 5,500 2019 7,100 No. of Guests 300
21. Use the following information to answer the questions. (8 points)
Year Revenue
-
2016 4,500
-
2017 4,800
-
2018 5,500
-
2019 7,100
No. of Guests 300 320 400
Consumer Price Index (CPI) 237 240 245
250 1
450 a) Average check for 2017 (2 pt)
HTM241 Fall 2020 Exam 2
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b) Trend percentage for 2019 revenue (2 pt)
-
c) Create trend index for 2018 revenue (2 pt)
d) Covert 2017 revenue into 2019 dollar value using the CPI (2 pt)
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
