Question
-Sales revenue in Period 1 is $3,000 and in Period 2 it is $4,000. The trend index figure for Period 2 (assuming Period 1 is
-Sales revenue in Period 1 is $3,000 and in Period 2 it is $4,000. The trend index figure for Period 2 (assuming Period 1 is given the value of 100) will be:
-Sales revenue in Period 1 is $100,000 and food cost is 40%. Sales revenue in Period 2 is $104,000 and food cost is 44%. The percent change in food cost percentage from Period 1 to Period 2 is: . . (Hint: slow down and make sure you compute the Percentage Change in the Food Cost percentage. % change is computed as (Value in the Current Period - Value in the Previous Period ) / Value in the Previous Period X 100%)
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