A motel's average room rates for 3 successive years were: Year 1, $32.00; Year 2,...
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Accounting
A motel's average room rates for 3 successive years were: Year 1, $32.00; Year 2, $36.00; and Year 3, $47.00. Calculate the trend index numbers for years 2 and 3; Year 1 is the base year. The trend index numbers for each of the 3 years are: (round to the nearest dollar) 110.0, 113.0, 135.0 121.0, 124.0, 127.0 100.0. 113.0, 147.0 None of the above answers are correct.
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