Here are the comparative income statements of bridgeport corp..
bridgeport corp.
comparative income statement for the years ended december 31
2017 2016
net sales $612,400 $531,500
cost of goods sold 447,500 409,400
gross profit 164,900 122,100
operating expenses 78,000 49,600
net income $ 86,900 $ 72,500
prepare a horizontal analysis of the income statement data for bridgeport corp., using 2016 as a base. (if amount and percentage are a decrease show the numbers as negative, e. g. -55,000, -20% or (55,000), (20%). round percentages to 1 decimal place, e. g. 12.1%.)

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

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answer; windows embedded;