An investor sells short 100 shares of abc common stock at 50 on june 5th. on december 10th of the same year, the investor buys 100 shares of abc common stock at 40 and delivers the stock to cover the short sale. the federal income tax treatment of this transaction is:

(a) a long-term capital gain

(b) a short-term capital gain

(c) a long-term capital loss

(d) a short-term capital loss

answer; // there are violations that can cause injuries or death;

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.