The following indices monitor the annual profits of J.A company. year 1 2 3 4 5 6 7 8 Index 1 Index 2 100 138 162 196 220 100 125 140 165 What are the base years for the indices? If the company had not changed to index 2, what values would index 1 have in year 6 to 8? What values does index 2 have in year1 to 4? If the company made a profit of $4.86 million in year 1, how much did it make in the other years? Answer all 4 part please  it's request

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter5: Business And Economic Forecasting
Section: Chapter Questions
Problem 2E
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  1. The following indices monitor the annual profits of J.A company.

year

1

2

3

4

5

6

7

8

Index 1

Index 2

100

138

162

196

220

100

125

140

165

  1. What are the base years for the indices?
  2. If the company had not changed to index 2, what values would index 1 have in year 6 to 8?
  3. What values does index 2 have in year1 to 4?
  4. If the company made a profit of $4.86 million in year 1, how much did it make in the other years?

Answer all 4 part please  it's request

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