[The following information applies to the questions displayed below.]

Indirect Oil Co. reports these account balances at December 31, 2017

Accounts Payable $ 55,000
Land $ 100,000
Notes Payable $ 130,000
Equipment $ 80,000
Cash $ 40,000
Accounts Receivable $ 50,000
Buildings $ 120,000
Capital Stock $ 170,000
Retained Earnings $ 35,000

On January 2, 2018, Indirect Oil collected $25,000 of its accounts receivable and paid $20,000 of its accounts payable.

In a trial balance prepared at January 3, 2018, the total of the debit column is:

a. $760,000.
b. $825,000.
c. $740,000.
d. $370,000.

D. $370,000

Explanation:

INDIRECT OIL CO TRIAL BALANCE AS A JANUARY 3, 2018

DEBIT SIDE

Land $100,000

Equipment $80,000

(Cash 40,000+Receivable collected $25,000- Liability paid$20,000) $45,000

(Account Receivable $50,000 - Amount collected $25,000) $25,000

Buildings $120,000

TOTAL $370,000

a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.